Melissa releases new KYC solution

Melissa, a global intelligence solution helping businesses unlock their data, has released a new Know Your Customer (KYC) solution.

The solution, Melissa KYC, offers a unified compliance toolset which enables businesses to verify the identity of their customers easily, securely, and conveniently, it claims. The end-to-end identity verification solution includes ID card and document authentication, biometrics and liveness confirmation to ease customer onboarding and due diligence.

Its mobile app captures identity documentation either in-person or remotely within three minutes. The authentication process consists of three stages, digital scanning a document, checking these by optical character recognition, verifying an individual’s liveness though a short video picture, and then confirming they are the same person as the scanned document.

Verification is done in real-time, and multi-sourced data is used to standardise, correct and match customer records globally.

Melissa vice president, global marketing Greg Brown said, “Whether verifying an address or working to prevent online fraud, the business process must be easily implemented and meet customer expectations for convenience and speed.

“Melissa KYC ensures that compliance activities are seamless for the business and create a straightforward, friction-free experience for end-users.”

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