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Dominican Republic Adopts Advanced KYC Procedures to Enhance Financial Security
The Dominican Republic has taken a significant step towards strengthening its financial security by embracing advanced Know Your Customer (KYC) procedures. Accura Scan, a global provider of digital KYC and identity verification solutions, has introduced its cutting-edge technology to the country.
Rapid Identity Verification in 10 Seconds
With Accura Scan’s innovative solution, businesses can verify customer identities in just 10 seconds using their mobile camera. The system employs artificial intelligence (AI) and optical character recognition (OCR) to extract and validate data from national IDs, driving licenses, or passports with unparalleled accuracy.
Facial Biometric Authentication for Enhanced Security
Accura Scan’s Facial Biometric Authentication technology has been specifically tailored for the Dominican Republic market. This pioneering solution uses facial features to verify identities and includes a real-time liveness check during the KYC process, ensuring the individual’s live presence on camera.
AML Screening Solution for Risk Management
To mitigate risks associated with anti-money laundering (AML) and combating the financing of terrorism (CFT), Accura Scan offers a comprehensive AML Screening solution. This advanced system identifies potential hazards related to:
- Politically exposed persons (PEPs)
- High-risk jurisdictions
- Sanctioned individuals
Allowing businesses to take proactive measures to ensure compliance.
Quick and Simple SDK Integration
Accura Scan’s GDPR and ISO certified API and server/mobile SDK can be seamlessly integrated with existing systems and apps, making it easy for businesses to adopt the technology. The SDK works offline across multiple platforms, ensuring uninterrupted service.
Conclusion
The introduction of Accura Scan’s advanced KYC procedures in the Dominican Republic is expected to revolutionize the customer onboarding process, enhance financial security, and promote a more transparent business environment. With its commitment to innovation and compliance, Accura Scan has established itself as a trusted partner for businesses looking to stay ahead of the curve.