Bud Walker, Director of Data Quality Solutions
The importance of having a solid compliance process in place is often overlooked by businesses, but critical for efficient customer onboarding and meeting Know Your Customer (KYC) initiatives. Companies that are unprepared risk operational disruptions, not to mention sanctions violations, which can result in significant fines and penalties. Melissa’s electronic identity verification (eIDV) solution includes sanctions and international watchlist screening using reference data that’s refreshed daily, in real time—giving businesses the confidence that they’re not engaging with any sanctioned companies, entities, or individuals. In response to the conflict in Ukraine, our sanctions and international watchlists have been updated to include new data from the United Nations, U.S., U.K., E.U., Pakistan, and China, to name a few. These updates ensure our clients continue to meet stringent requirements and maintain compliance according to international regulations and guidance. Simply choose the risks you want to screen for, run your search, and sync with your internal systems to quickly and easily review potential matches. For organizations needing full eIDV, we verify SSN, national ID and date of birth, and perform negative news checks. Melissa ID, our mobile app, features a simple 1-2-3 process that includes document verification, biometrics, and liveness testing for easy, automated identity verification. We’ve been accredited with several certifications and remain committed to data security, privacy, and compliance, so you can be sure you’re working with a trusted provider. Request a demo to learn more about eIDV and how Melissa can help your business avoid costly penalties, protect it from fraud, and improve customer onboarding.