Financial Crime World

Dominica Enhances Global KYC and Identity Verification Solutions

The government of Dominica has partnered with Accura Scan to implement enhanced global Know Your Customer (KYC) and identity verification solutions, aimed at strengthening its financial sector.

Streamlined Customer Onboarding Processes

Accura Scan’s Digital KYC and Identity Verification Solution uses artificial intelligence (AI), optical character recognition (OCR), and machine learning algorithms to extract and validate data from identification documents such as the Dominica National ID, Driving License, or Passport. This enables customers to be verified in just 10 seconds using their mobile camera.

Key Features

  • Streamlines customer onboarding processes
  • Ensures compliance with local regulations
  • Verifies customers in under 10 seconds
  • Uses AI, OCR, and machine learning algorithms

Facial Biometric Authentication

Accura Scan has also introduced Facial Biometric Authentication in Dominica, a groundbreaking technology that uses precise facial recognition to validate an individual’s identity. The system incorporates a real-time liveness check to ensure the person is present on camera.

Benefits

  • Enhances customer satisfaction and engagement
  • Minimizes friction and verification errors
  • Provides robust security measures against spoofing attacks

AML Screening for Dominica

Accura Scan has launched AML Screening for Dominica, a comprehensive tool designed to safeguard businesses from unintentionally conducting business with sanctioned individuals. The solution offers a meticulous defense against inadvertent associations with sanctioned entities and raises red flags concerning PEP involvements or connections to precarious regions.

Integration and Security

  • Quick and simple integration with existing systems and apps
  • Works offline across multiple platforms, ensuring maximum efficiency and flexibility
  • ISO certification for API and server/mobile SDK ensures highest standards of security and compliance
  • GDPR compliance guarantees customer data protection and respect

Conclusion

The implementation of Accura Scan’s KYC procedures in Dominica marks a significant milestone in the country’s efforts to enhance financial sector integrity and stability. With its robust technology and expertise, Accura Scan is poised to revolutionize identity verification and AML screening processes in the island nation.