SmartSearch, a U.K.-based Anti-Money Laundering (AML) solutions provider, has announced that it now offers biometric verification via its new facial recognition feature, enabling clients to perform Know Your Customer (KYC) as well as AML checks and remotely onboard their customers in seconds.
The addition comes at a time when restrictions on movement placed by governments around the world due to the COVID-19 pandemic have made it more difficult if not impossible for many to provide identification documents and proof of address in person.
“With many elements of social distancing likely to remain in place for some time to come, doing this in person, face to face, is no longer possible,” said SmartSearch CEO John Dobson. “Our facial recognition feature means our clients can do everything remotely – protecting their businesses from fraudsters and their staff from exposure to Covid-19.”
SmartSearch joins a growing list of companies that have had to make various adjustments and additions to the services they provide due to the challenges brought on by the COVID-19 pandemic that has handcuffed most of the world for roughly two months now. With the number of people forced to work from home due to social distancing measures dramatically increasing, so too has the demand for remote authentication solutions.
“Electronic checks using credit reporting data will bring to light any discrepancies in a client’s personal history and clearly flag up where further action is required, [and] facial recognition is the icing on the cake, giving businesses that crucial extra reassurance that the person they are dealing with is on the level,” said Dobson.
May 11, 2020 – by Tony Bitzionis