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Product Profile

Paydentity

First Release Date:
Current Version: SaaS
Language Support:
 All languages

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 3rd and 4th 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 geographical coverage Global
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  • Replaces Fragmented Outdated Processes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
Card acquiring, card issuing

Connectivity, Hosting and Integration

Hosting Option Hosted by provider
Hosting provider AWS
Devices Supported Mobile Web App, Web-based
Compatibility with Database Management System (DBMS) SQL, MS, Mongo
Third party integration Nil required

Support Services

Support Option Online Support, Phone Support, Knowledge Base

Branches

Support Location 1
Country Nicosia, Cyprus
Address    Athalassas Ave, Nicosia
Phone +357 22 015 742
Email support@isignthis.com
Website www.isignthis.com
Support Location 2
Country Australia
Address    Victoria Pde, Melbourne
Phone +61 3 8640 0990
Email support@isignthis.com
Website www.isignthis.com

Alternatives

Media Coverage (Quick Links)

+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel