The rise in leasing and digital lending establishments has resulted in a surge of complexity, leading to an increase in financial crimes such as money laundering. Therefore, lending institutions must be cognizant of the potential risks associated with failing to identify the purpose of the loan or the origin of funds. Furthermore, lenders are susceptible to cybercrime and phishing attacks, which necessitate the implementation of robust cybersecurity measures and Anti-Money Laundering (AML) checks to protect their business interests.
KYC Hub’s automated onboarding processes help lending firms in streamlining and automating the verification process of loan applications while helping identify potential red flags.
Leverage KYC Hub to accurately identify falsified and fabricated information by verifying identities, assessing risks, and scrutinizing submitted documents as part of loan applications.
Track and quickly detect suspicious transactions by leveraging KYC Hub’s no-code rule creation, customer risk rating, and assessments while being compliant.
Reduce false positives effectively by flagging only suspicious customers and transactions. Leverage KYC Hub’s decision automation processes to further optimize your processes
Leverage KYC Hub’s workflow automation solution to improve accuracy and reliability of compliance activities while increasing efficiency in your compliance processes.
Our solution helps you comply with regulations by identifying individuals and entities on various watchlists. Automate entire AML screening and onboarding process.
Lenders can leverage KYC Hub’s Global KYC solution to identify potentially high-risk customers by verifying identification documents, government IDs etc.
Reduction in False Positives
Reduction in Alerts Closing Time
Reduction in Operating Costs
Top digital bank AML compliance with KYC Hub while expertly managing 5M+ transactions annually.Download Case Study