Top KYC Solution Companies
OPUS: Transforming Risk Into Competitive Advantage

Top 10 KYC Solution Companies - 2017

In recent years the banking industry has recorded impressive growth rates due to Know Your Customer (KYC). KYC processes are helping ensnare suspicious banking activity, reduce risk through the analysis of data and pattern identification, the execution of a three-part AML approach to detect, prioritize, and evaluate predetermined indicators found in various data sources by means of trends like artificial intelligence (AI), social biometrics, blockchain and many others. Technology trends such as AI, blockchain, machine learning, and social biometrics have swept through the banking vertical and radically changed Know Your Customer (KYC) solutions by gradually automating banking procedures.

AI is the base to many new technologies for KYC in the banking sector. Advanced analytics solutions incorporating AI significantly improves the effectiveness of anti-money-laundering (AML) case management and KYC screening processes. Machine learning (ML) allows systems to automatically train and enhance its outcome prediction accuracy. Blockchain helps validate customer identity through parameters such as the source of funds, business interests, history of credit score and also tracks their financial progress. Social biometrics has the added benefit of capturing information about users who have a little credit history but often have a social presence as it uses big data, state-of-the-art transaction monitoring and KYC methods.

In the existing banking landscape, it proves to be a cumbersome task for CIOs to zero down on an apt KYC solution provider. To make this task easier, our distinguished panel comprising of CEOs, CIOs, analysts and the Banking CIO Outlook editorial board have evaluated firms that can provide efficient and robust KYC solutions.

We present to you Banking CIO Outlook’s “Top 10 KYC Solution Providers - 2017.”

    Top KYC Solution Companies

  • Delivers cloud-based solutions for assessing financial crime customer risk and ensuring compliance with regulatory CDD, KYC and EDD requirements

  • Provides quick biometric solutions to emerging economies with their product offerings

  • Provides advance KYC solution with intelligent due diligence processing

  • Making it seamless for banking institutions to know their customers and personalize every interaction

  • Provides technology solutions and services to automate KYC and AML processes

  • Provides cutting-edge KYC solutions driven by data technologies to mitigate the risks around customers, vendors, and third-party partners

  • A leading identity and authentication provider that simplifies consumer access to online services and applications

  • BAE Systems Inc.

    BAE Systems Inc.

    Delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services

  • FICO


    A leading analytics software company that helps businesses to make better decisions, drive higher levels of growth, profitability and customer satisfaction

  • Trulioo


    A leading global identity verification service that provides instant electronic identity and address verification