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Benefits
Secure, fast, and risk-free lending and KYC compliance
The Impact
Straight-through processing
1sec
Instant Credit Decisioning
2sec
Customer Onboarding
10sec
Loan Approval
What is customer due diligence
Automated, accurate verification at scale
Customers want instant approval. Businesses need to mitigate risk. Posidex’s Customer Due Diligence made both possible more than a decade ago with straight through processing (STP).
The AI and ML-powered solution performs demographic checks and vets’ prospects against customer data, data from fraud, rejection, and negative databases. Working in real time, it enables instant consumer loans.
Step 1: API integrations seamlessly fetch details to perform real-time authentication of customer IDs, followed by demographic match
Step 2: Prospects tagged as existing or a new customer or a part of a fraud reject or reject database
Step 3: Complete consequent onboarding steps based on tags in less than 1-second
Step 1: API integrations seamlessly fetch details to perform real-time authentication of customer IDs, followed by demographic match
Step 2: Prospects tagged as existing or a new customer or a part of a fraud reject or reject database
Step 3: Complete consequent onboarding steps based on tags in less than 1-second
Features
State-of-the-art customer verification
Contactless
Demographic checks with authentication scores
Cloud Enabled
And subscription-based for higher return on investment
Seemless Integration
API and SOA driven for quicker implementation
Why Customer Due Diligence
Speed up risk-based decisioning
ML model trained on
5 billion customer data
Fewest false positives with
99.5% matching accuracy
Very high throughput with
Real-time responses
Customer Due Diligence
Fast, compliant growth with secure and efficient KYC, onboarding, and lending
