KYC and AML Software
KYC and AML software combines customer identity verification with sanctions, PEP and adverse-media screening, risk assessment and case management, so that onboarding and ongoing compliance run on one system.
Why it matters
Separating identity from screening means analysts reconcile results by hand and auditors follow two trails. Combined software links the verified identity to its screening history and risk rating.
How it works
- Identity verification produces a confirmed name, date of birth and nationality.
- Screening runs on the verified data, reducing false positives from typos and transliteration.
- Risk assessment combines screening results with questionnaire answers.
- Ongoing monitoring re-screens as lists change and triggers renewal when due.
Common challenges
- Name matching across Arabic, Latin and other scripts.
- Alert fatigue from poorly tuned screening.
- Proving the chain from identity to decision.
How IDWise supports this
IDWise addresses this within the Continuous Trust Platform through the following modules, configured per market, product line and risk tier.
Frequently asked questions
Why screen after verification rather than before?
Screening verified data cuts false positives caused by mistyped or unverified names.
What is adverse media screening?
Checking news and public sources for negative information about a customer that may indicate elevated risk.
How are alerts handled?
Analysts review potential matches in a case-management view and record a decision with reasoning.
Related terms
Talk to an IDWise specialist about your markets, regulators and risk controls.