Source of funds
Collect and verify customer source-of-funds information, securely and seamlessly, integrating it into KYC processes. Configurable risk assessments and tailored evidence requirements to balance rigour with efficiency.
Why Choose Verify?
Join leading banks using Verify for seamless identification.
Configurable Risk-Based Source-of-Funds Verification
The ideal balance of customization, security, and efficiency
User-Friendly
Easily upload credentials and track verifications in real-time.
Efficient Workflow
Enhance your operational efficiency with quick and reliable verification solutions.
Configure source lists, allocate risk ratings, and choose the required supporting documentation.
Align the risk ratings of each source of funds to align with your own policies and procedures.
Desktop portal flags medium- or high-risk sources for review and further evaluation.
Comprehensive Financial Data Capture
Detailed customer financial documentation, such as bank statements and financial histories, to provide a transparent and secure view of the source of funds. This enhances trust and compliance with regulatory standards.
Prevent fraud with our comprehensive AML checks.
Prevent fraud with our comprehensive AML checks.
Prevent fraud with our comprehensive AML checks.
Improved Compliance
We help businesses meet regulatory requirements more effectively, reducing the risk of fines or legal challenges.
Enhanced Customer Trust
Manage and verify sensitive financial data builds with confidence among customers, strengthening relationships and improving customer retention.
Seamless Integration with KYC Processes
Ensures that source-of-funds data is seamlessly incorporated into broader KYC workflows, streamlining operations and enabling a holistic view of customer financial activities.
Operational Efficiency
Integration with KYC workflows eliminates redundancies, reduces manual processing, and accelerates the onboarding process.
Comprehensive Risk Assessment
A holistic view of customer financial activities enables businesses to make more informed decisions.
Instantly verify customer identities with ease.
Instantly verify customer identities with ease.
Instantly verify customer identities with ease.
How it works
Join leading banks using Verify for seamless identification.
Follow the instructions in the email you received from Verify
Download the app and enter the one time passcode you receive from our Verify email.
Gather your documents
Get your ID and address verification documents to be verified.
Complete the checks
Follow the prompts to complete the step-by-step verification process in minutes.
Checks completed
The Company will be in contact shortly.
Keep the app if additional verification is needed.
Additional Checks
Upload additional documents requested for your verification process.
Migrate Existing Customer Data
Select the checks you require using one of the pre-configured templates, add the customer’s name, date of birth and email address, and hit send.
Initial Risk Assessment
Monitor the customers progress in real-time in the desktop dashboard.
Onboarding
Analyse the customer information provided and verification results in the online portal.
Taking care to assess items highlighted as “requires review” and manually approving or rejecting these items as appropriate.
Ongoing Checks
If required the app can be used to request additional information directly from the customer.
Periodic Review
All the information you have reviewed in the portal is now available in the comprehensive PDF, including administrative notes, ensuring a robust audit trail and customer record.
Maximize Compliance Efficiency with Verify
Streamline KYC, AML screening, risk assessments, and monitoring with our integrated solutions, all in one platform.
PEP & Sanctions Checks
Verify conducts real-time checks against global sanction lists, watchlists, and databases of PEPs to identify high-risk individuals and entities. With daily updates through our Monitoring Service, you can mitigate risks, streamline compliance, and protect your business. From first engagement and throughout the customer lifecycle.
Effortless Verification for Ultimate Compliance
Discover how Verify can enhance your KYC/AML checks process. Schedule a demo today!
FAQs
Find answers to your questions about Verify and its KYC capabilities.
Verify by Tiller collects detailed financial documents such as bank statements and financial histories to verify the origin of customer funds, ensuring compliance with regulatory requirements.
Verify by Tiller integrates source-of-funds data directly into broader KYC workflows, reducing manual processing, eliminating redundancies, and expediting onboarding while maintaining regulatory compliance.
Yes, the platform allows businesses to configure risk levels based on factors such as fund amounts, customer jurisdiction, and compliance history. This ensures tailored risk management for each customer.
The platform employs advanced security measures to protect sensitive financial information, ensuring that all data is handled securely and in compliance with data protection regulations.
High-risk cases are flagged for additional scrutiny, enabling businesses to apply stricter compliance checks and ensure thorough risk management for these customers.
Yes, Verify by Tiller’s configurable approach enables businesses to streamline lower-risk cases, reducing unnecessary delays and improving the onboarding experience for these customers.
Absolutely. The platform’s comprehensive documentation capture and risk management capabilities help businesses adhere to regulatory requirements, reducing the risk of non-compliance penalties.
Enhance Your Verification Process
Discover features that elevate your KYC/AML verification processes.
Achieve Ultimate Compliance
Have questions? Our team is here to help. Get in touch to learn more about how Verify can meet your specific needs.
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