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        Your benefits at a glance

        -_Seemlessness
        Numerous configuration options
        allow for flexible integration into any system
        -_Security
        Authorization with biometric data
        protects your customers from account takeovers and identity fraud
        -_-Conversion Rate Increase
        Higher conversion rates
        thanks to fast and user-friendly identity verification

        Banks and financial service providers are obligated to carry out legitimacy checks for any natural or legal entity within the framework of compliance regulations and regulatory requirements (GDPR, PSD2, BCBS 239 and 5th EU Anti-Money Laundering Directive).

        Failure to comply with identity verification can result in customers committing (chargeback) fraud and money laundering. In addition, ignoring money laundering, KYC (Know Your Customer) and AML (Anti-Money Laundering) guidelines is a serious violation of legal requirements.

        The only way to protect yourself against financial damage and legal consequences, while still maintaining the trust of your customers, is to comply with these regulations and carefully check all potential clients.

        PXL Ident: One solution for security and legitimacy verification

        Screenshot 2023-05-16 at 14.09.42

        Fast legitimacy check

        PXL Vision's solution enables a quick legitimacy check within 30 seconds by using biometric identification software for real-time verification. This enhances the user experience and consequently the conversion rate, as well as the time spent on customer authentication procedures required to open new client accounts.

        KYC and AML compliance

        With PXL Vision's solution, you no longer need to worry about meeting regulatory requirements and legal conditions such as AML and KYC – PXL Ident helps you comply with all legal regulations that apply.

        Customer account access

        With our solutions, you can cover not only the legitimation check for new customers, but also ensure regular account access. Provide your customers with secure access to their sensitive data and finances.

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        Secure customer data management

        Any customer data you collect can be inserted into your existing CRM system in compliance with GDPR - ensuring simple, secure and protected management of customer data.

        Customizable modules

        PXL Ident is a customizable and platform-independent solution for customer identification. It can be flexibly adapted to different processes through its modular structure.

        Revolutionise your customer onboarding with our advanced identity verification solutions tailored to your specific needs.

        FAQs

        What is a KYC solution in Fintech?

        A fintech KYC solution includes tools and procedures that enable fintech companies to comply with regulatory requirements and conduct efficient and accurate customer due diligence. Know Your Customer (KYC) in general is a process used by financial institutions and fintech companies to verify the identity of customers and assess the potential risk of fraud or money laundering.

        How do financial institutions verify identity?

        Financial institutions use online identity verification (fintech KYC solutions) to validate the identity of their customers. Typically, these solutions verify government-issued IDs, such as passports. In addition, companies may verify other document types, such as proof of age or address, or confirm customer's presence through liveness detection.

        Why is compliance important in the banking industry?

        Financial institutions are required to comply with legal and regulatory standards by implementing continuous security, risk mitigation and fraud prevention programmes. These measures protect customers, maintain financial integrity, foster trust in the institution, and help organisations avoid fines and reputational damage.