ComplyCube Introduces New Powerful KYC Solution Amid Biometric Security Boom

ComplyCube has unveiled Flow™, a cloud-based Know Your Customer (KYC) platform that significantly reduces AML/KYC compliance and fraud risks. The London-based AI company’s new solution complements its market-leading Software-as-a-Service (SaaS) and API platform.

The global COVID pandemic is driving digitalization across most industries, which in turn results in a demand boom of biometric security solutions. The global KYC firm has recently reported a 500% growth of biometric KYC businesses. ComplyCube is capitalizing this increased demand by providing a GDPR-compliant solution that businesses can implement in minutes, with no coding needed.

Flow™ is highly customizable and offers a simple User Interface (UI) to collect identity documents, biometrics, and proof of address. Once the documents and biometrics are submitted, Flow™ automatically conducts authenticity and identity checks and sends real-time alerts to the business indication any red flags and providing rich explains.

ComplyCube’s Flow™ platform uses cutting-edge certified liveness detection technology, preventing face biometric spoofing and presentation attacks, including 3D masks. It does this without additional user friction. It also allows companies to leverage a detailed audit trail for compliance purposes in line with the Financial Action Task Force (FATF) recommendations.

Flow™ is the perfect solution for businesses that are still undertaking identity verification checks manually, with documents sent through email, which is costly, time-consuming, prone to human error, and not adequately secure. Similarly, businesses with legacy KYC solutions can leverage Flow™ to simplify onboarding processes and reduce the Total Cost of Ownership.

Lear more at complycube.com.