Product Profile

Paydentity

iSignthis Ltd

First Release Date: 01.02.2014

Current Version: SaaS

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Language Support:

All languages

Technology Category: Authentication Compliance/Monitoring Know your customer (KYC) Payments

Product/Service Description

The iSignthis Paydentity solution incorporates real time electronic verification which converges authenticated remote payments with Know Your Customer (KYC) verification. By converging payments and identity, our Paydentity solution can deliver regulatory compliance with automated customer on-boarding. The service offers a global reach of any of the world’s 3.5Bn financially included or “banked” persons.

Paydentity helps regulated merchants meet strict Anti-Money Laundering (AML) requirements including the EU’s 3^rd and 4^th AML Directives and the Payment Service Directive 2, and US BSA & Patriot Atc.

The full Paydentity solution includes Digital KYC, Strong Customer Authentication, Fraud Prevention and Payment Gateway services. Additional features also include transaction monitoring, threshold management and advanced reporting.

Customer Overview

Total Number of customers 15

Customer Size Medium

Customer Type Commercial Banks , FXs , Prime Brokers & Dealers , Securities Lending & Financing Organizations

Target Market Global

Specific georgaphical coverage Global

Pricing Model Per transaction or per KYC

Demo & Case Study Urls https://www.youtube.com/watch?v=jb6911bpeHE

Features

Transaction Monitoring
Threshold Management
Advance Reporting
Card Tokenisation
Intelligent Routing
Remote Enhanced Due Diligence
Strong Customer Authentication

Benefits

Remotely verifies identity of person
Proves Ownership of Cards and Accounts
Global Reach
Automated KYC Workflow
High conversion rates
Meet Multiple International AML Regulations
Replaces Fragmented Outdated Processes

Platform & Workflow

Server OS undisclosed

Workstation OS Windows , Unix , Linux , Mac

Programming Language and API http://docs.api.isignthis.com

SetUp and Installation Options undisclosed

Deployment Period 2 weeks

Reporting Capabilities Configurable SQL based reports

Security Options Never alone features, 2FA access, all data encrypted at rest, PCI DSS Level 1 certified, ISO27001 complaint, EC GDPR ready

The product/service compliant with the following regulatory standards 3AMLD , 4AMLD , CySec Dec 2016 Directive , EBA’s RTS on PSD2 , finam Circular 2016/7 Video and online identification , JMLSG , US BSA

Additional comments Card acquiring, card issuing