Exhibitor: GlobalPass

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Overview

GlobalPass is a Swiss-based company that provides an innovative, state-of-the-art, fully-automated identity verification and screening system (https://globalpass.ch) that performs both KYC and KYB verification processes.

We aim to change the way identity verification and screening industry is shaped. We strive to lead the pack by introducing never-before-seen technology solutions in the market.

Our technology solutions include:

1. Name Search
2. Document Scan
3. Full Identity Document Verification
4. Biometric Facial Recognition
5. AML / OFAC / PEP Screening
6. Proof of Address Document Verification
7. Proof of Geolocation
8. Document Forensic Analysis
9. Extreme Search
10. Real Time Screening
11. Know your Business

KYC Verification Process

Regarding the KYC Verification Process, the software is fully-automated and performs the following processes for a ‘Full Identity Verification’:

• Identity Document Verification:This process will first verify the provided identification document by extracting the personal information from the Visual Inspection Zone (VIZ) and cross-checking it with the information entered by the user into the system during the registration process. Once the cross-check is completed, the GlobalPass software will verify the authenticity of the provided identification document by cross-checking the extracted information from the VIZ with the encrypted MRZ code, Barcode, or a combination of both depending on the ID provided. 
• Biometric Facial Recognition:This process will provide your company with an analysis of distinct facial information from 50 random snapshots taken from a recorded video of the user’s face turning 90 degrees to the right and left, which are then matched against the picture in the provided identification document. Each provided snapshot includes the exact percentage of facial similarity, gender, and the potential age range.
• AML / OFAC / PEP Screening:This process will check all available international criminal lists, sanction lists, and PEP lists by scanning more than 200 country databases. It not only satisfies initial KYC compliance regulations but also monitors and updates on an ongoing basis.
• Proof of Address Document Verification:This process will provide your company with a full ‘Forensic Analysis’ report of the submitted ‘Proof of Address’ document. The software will also automatically find the user’s name as well as their full address in the submitted document, extract it into the GlobalPass system, and cross-check it with the information entered by the user into the system during the registration process. Finally, the software will compare the extracted data with the data from the ‘Geolocation Analysis’, showing the results on an interactive global map. 
• Geolocation Analysis:This process will gather all the device information that the user was using during the KYC process, in addition to getting accurate timestamp data. The process will also obtain the IP of the device used, the IP provider’s details, and will receive all the geographical information of the device in question, showing the results on an interactive global map. 

KYB Verification Process

We are a Swiss-based company and our services already cover the strictest financial regulations worldwide, starting with the Swiss Financial Market Supervisory Authority (FINMA) in Switzerland. In addition to the above-mentioned 5 services, GlobalPass has an integrated ‘Document Forensic Analysis‘ software that can be used upon request in order to analyze documents and see whether they have been digitally manipulated.

Regarding the KYB Verification Process, GlobalPass is backed by official registries worldwide and performs the following functions:

• Confirmation of detailed company information: This process will provide your company with: (i) corporate ownership structure, (ii) access to local databases and public registries, (iii) legal entity details, (iv) financial information, and (v) other relevant company data.
• Verification of UBOs: This process will provide your company with: (i) a full KYC report of the UBO with the corresponding AML / OFAC / PEP screening, as well as (ii) instant adverse media results, using our ‘Full Identity Verification Tool’.
• Detection of forged documents: This process will provide your company with the ‘Forensic Analysis’ reports of the following documents: (i) company registry documents, (ii) certificates of incorporation, (iii) articles of association, (iv) commercial register extracts, (v) share certificates, and (vi) other available notarized documents.
• Validation of business location: This process will provide your company with: (i) a check for valid business addresses, and (ii) a confirmation of the location of the management board, using our ‘Geolocation Tool’.

Our KYB verification uses most of the processes mentioned in the KYC verification, but the steps are much more complex in comparison, making the entire process more semi-automated than fully-automated since a human-guided assessment is still required at specific crucial points.

Join our demos during the Forum

Tuesday, January 26

• 1:40pm – 2:00pm GMT
  Demo GlobalPass Compliance Solutions // onboarding – Join

Wednesday, January 27

• 1:40pm – 2:00pm GMT
  Demo GlobalPass Compliance Solutions // onboarding – Join

Meet our presenter