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What is FortressID?

Fortress Identity provides a robust and cost-effective platform aimed at validating identities across 195 countries while ensuring a thorough KYC process from beginning to end. This cutting-edge solution integrates the validation of onboarding practices with compliance and due diligence, utilizing biometric multifactor authentication that eliminates the reliance on passwords, thereby greatly enhancing the user experience. Users are able to authenticate numerous identification forms, such as driver’s licenses, passports, and national ID cards, covering more than 7600 different document types. The platform also interfaces with multiple identity verification databases to help identify fraud, conduct OFAC checks, and perform AML monitoring, among other essential tasks. It incorporates facial recognition technology that evaluates facial features and liveliness through selfies, guaranteeing a match with the images contained in the identification documents. Moreover, it transmits document data using OCR in formats like XML or REST, which facilitates easy integration with existing systems. In addition, the platform accommodates customizable rules tailored to various document types, thereby optimizing the verification process for users. This comprehensive approach not only simplifies identity verification but also strengthens security measures across diverse applications.

What is Exela Diligence & Compliance?

Comprehensive customer profiles have the potential to turn KYC compliance into a competitive edge for businesses. By harnessing multi-channel data collection and ongoing monitoring, organizations can significantly improve their AML strategies. A closed-loop system design continuously enhances performance, ensuring that processes remain streamlined. Automated alerts and notifications play a crucial role in keeping stakeholders updated on important changes. Conversely, traditional approaches to KYC and AML compliance tend to be sluggish, labor-heavy, and prone to errors. Utilizing Exela's diligence and compliance solutions, part of our Banking & Financial Services Suite, companies can accelerate processing times, decrease inaccuracies, and cut down on operational costs through efficient automated data handling. This strategy results in faster digital customer onboarding, improved document management, advanced identity verification, enhanced customer profiles, and valuable analytics. Furthermore, integrating diverse communication channels to better capture customer data from every interaction enables the development of more intricate customer profiles, ultimately propelling greater success. Deepened customer insights not only bolster compliance initiatives but also lay the groundwork for delivering more tailored service options, significantly enriching the overall customer experience. In the ever-evolving financial landscape, adapting these advanced practices can be key to sustained growth and customer loyalty.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
Webinars
On-Site Training

Company Facts

Organization Name

Fortress Identity

Date Founded

2016

Company Location

United States

Company Website

fortress-identity.com/products/digital-id-verification/

Company Facts

Organization Name

Exela Technologies

Company Location

United States

Company Website

www.exelatech.com/solutions/banking/diligence-compliance

Categories and Features

AML

Not specified

KYC

Not specified

Categories and Features

AML

Not specified

KYC

Not specified

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