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iComplyKYC Q1 2021 Product Updates

Apr 1, 2021 | Technical Resources, Updates

Introducing our latest notes from iComply’s most comprehensive release yet, including the launch of iComplyKYC Developer Licenses

 

2021 has been a fruitful year thus far, with the addition of more workflow automation, enhanced security features, and several UI enhancements. Most notably, the iComplyKYC platform now includes major updates to Legal Entity onboarding and management, as well as key fixes for document jurisdiction selection and expiry dates.

 

Major Product Highlights: 

  • UPDATE: Data Match Logic Improvement
    Improvements have been made to how data points such as Name and Date of birth are extracted from client ID and compared against the personal details they have submitted. Live face matching has been enhanced to allow greater flexibility and confidence in liveness tests and biometric authentication. Randomized testing procedures, deep fake detection, and hardware security detection are run and results documented for you instantly.
  • UPDATE: Jurisdiction Section Now Populated for Passports
    Your end-users can now select their country of jurisdiction when they are asked to submit an image of their passport. This additional data point will appear on their natural person profile, viewable in your admin dashboard.
  • UPDATE: UX/UI Changes to Legal Entity Address Section
    Large organizations often operate from multiple locations, so we’ve made it easier to manage multiple legal entity addresses. The address component on Legal Entity profiles has been newly enhanced, with sortable location details for easier search and a special HQ icon to designate the entity’s headquarters. Collect addresses through client submissions, or manually add your own through the Legal Entity profile.
  • UPDATE: Legal Entity Management
    Now you can securely onboard businesses, verify their identity, addresses, and affiliated entities to better analyze for risk, control, and ultimate beneficial ownership. Legal Entity portals support workflows for onboarding, user authorization & authentication, and supporting document collection and encryption.
  • UPDATE: Request Client Update
    Invite your clients or users to your secure KYC portals where they can submit, authenticate, and encrypt their KYC data and supporting documents before it leaves their device. Say goodbye to unsecured email transfers of sensitive identity documents and personal information! Get notified with alerts of new submissions to your client’s KYC Profile and stay on top of your compliance tasks with this exciting new platform feature.
  • UPDATE: KYC Review Date
    Set calendars to automate KYC reviews and trigger KYC refreshes. Stay on top of all of your accounts so your business continues to grow.
  • FIX: Document Expiry Logic Updated
    We’ve fixed a bug that previously only allowed platform users to set the expiry date for an identification document now or in the past. We’ve also improved the clarity of the Issue that appears when a document has a date that cannot be read.
  • NEW FEATURE: Clarification Message When Entering Dates
    We live in a world with multiple date formatting options, and it can be confusing to know which format is preferred when entering a date. We’ve added text in our portal that clarifies to your end-users the Date they have entered, based on your preferred date format. This gives them the opportunity to correct it in real-time and minimize incorrect submissions.

 

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INTRODUCING: iComplyKYC Developer Licenses

Implementing a KYC, AML, or digital identity management solution need not be exhausting or expensive, yet many of our clients have shared horror stories of the high costs and lengthy processes required to set up, maintain, and use various competitors’ products.

To help companies find the right product fit before making a full commitment, we recently launched our iComply Essentials and iComply Pro Developer Licenses. For a limited trial basis, your team can test platform features, optimize workflows and automation thresholds, and customize integrations. 

Developer licenses allow you to:

  • Create, test, and manage KYC portals for Natural Person and Legal Entities
  • Request KYC data submissions or updates from clients via your secure portal
  • Integrate the iComply platform with our powerful REST API
  • Configure thresholds for auto-acceptance, confidence, and risk levels
  • Customize supporting documents, workflows, styles, and more
  • Configure AML search profiles and coverage
  • Access a limited number of KYC Services for testing

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Learn more about our latest features, pricing, and use cases in the iComplyKYC Product Guide. For a walkthrough of our platform functionality and key features, you can book a demo or contact our sales team for more information.

 

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April 2021 Regulatory Updates
April 2021 Regulatory Updates

Regulatory actions and industry updates from financial authorities and regulators around the globe in April 2021