FINTECH & BANKING

Identity Verification & KYC for the Financial Sector

Ensure secure transactions with AI-powered identity verification from
PXL Vision.

KYC Identity verification as a legal obligation

As part of compliance regulations and regulatory requirements (GDPR, PSD2, BCBS 239 and the 5th EU Money Laundering Directive), banks and financial service providers are obliged to carry out identity checks for every natural or legal person.
Failure to carry out identity checks constitutes a breach of the money laundering guidelines, KYC (Know Your Customer) and AML (Anti-Money Laundering). This can lead to fraud and money laundering.

BENEFITS KYC-compliant identity verification for banks & fintechs

FINMA & BaFin Compliance

Benefit from the strict specifications that our solutions meet. They are certified with ZertES and eIDAS and enable you to meet the legal requirements.

Ultimate Conversion

Our web-based solutions can be flexibly configured and business rules can be adapted down to transaction level. This enables us to guarantee you the optimum conversion rate.

Fraud prevention

Our solutions can prevent fraudulent activities such as account takeover, identity theft and money laundering.

Explore our product PXL Ident

FEATURES Security and user-friendliness in a single solution

Real-time verification

The solution from PXL Vision enables identity verification in under 30 seconds. This greatly reduces the time required for customer authentication when opening new customer accounts and lowers abandonment rates.

KYC and AML compliance

With PXL Vision's solution, you no longer have to worry about compliance with legal regulations and regulatory requirements such as AML and KYC. We help you to ensure legally compliant processes.

Access control for customer accounts

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

Secure customer data management

The recorded customer data can be integrated into your existing CRM system in compliance with the GDPR - for simple, secure and data protection-compliant management of customer data.

Modular orchestration

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

"PXL Vision's platform is very flexible. It met our need to offer a variety of use cases tailored to different legal requirements and business preferences. We have built a mutually beneficial partnership. They fully support us in every matter."

Roger Huber

Project Lead Multichannel Management, Zürcher Kantonalbank

"Gambling is a sensitive issue for society. The protection of players and minors must be consistently observed and enforced. PXL Vision convinced us immediately."

Florian Hermann

Director Marketing and Operations, Novo Interactive

"Working with PXL Vision has been beneficial for us and our customers on several levels. We are now able to process applications with ease and provide our customers with exactly the kind of straightforward insurance they need, when they need it. In this way, wecreate real added value for our customers and for our company."

Jonathan Valour

Senior Product Manager, Groupe Mutuel

"As the process is browser-based and no additional app download is required as with other providers, we achieve a very high conversion rate of 93 percent."

Alfonso Matas

Product Manager and Product Owner, Digital Republic

"The integration of PXL Ident was quick and uncomplicated. Even with complex special requirements, the collaboration was always very productive and solution-oriented."

Metin Kabay

Co-Founder, COO and CTO, drivemycar AG

"PXL Ident offers an extremely fast and very smooth verification process for investors on our platform."

Marc Rinderknecht

Co-Managing Director and Product Owner, OOMNIUM

"As a national provider of digital identities, we rely on the highest possible standards in terms of security and data protection for identity verification. With PXL Vision, we have full control over the verification process and create the trust we need for SwissID."

Markus Naef

CEO SwissSign AG

"Well continues to grow and we are convinced that PXL Vision will help us scale. The seamless verification process will allow our users to access online health services 24/7 and from anywhere. This will help us bring our eHealth platform to a greater number of people."

Stephanie Künzli

CPO, Well

"Thanks to PXL Vision, we have not only greatly simplified the identity verification process. We have also significantly increased the quality. That was exactly our goal."

Fabian Baldinger

Swiss Life Switzerland

"Lemonfrog brings people together on 17 platforms to exchange services. We see PXL Vision as a strategic partner that helps create an environment where our users feel safe and can interact in a trustworthy way. Verification is fast, seamless and very well received by our user base."

Tom Stierli

CEO, Lemonfrog

FAQ about KYC in FinTech

What is a KYC solution in Fintech?

A fintech KYC solution includes tools and procedures that enable fintech companies to meet regulatory requirements and perform efficient and accurate due diligence on their customers. Know Your Customer (KYC) is generally 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 checks (fintech KYC solutions) to verify the identity of their customers. As a rule, these solutions check government-issued identification documents such as passports. In addition, companies can also check other types of documents such as proof of age or address or confirm the customer's presence through activity recognition.

Why is compliance so important in the banking sector?

Financial institutions must comply with legal and regulatory standards through the continuous implementation of security, risk mitigation and fraud prevention programs. These measures serve to protect customers, maintain financial integrity, promote confidence in the institution and avoid fines and reputational damage.

Let us tackle your project together.