Know Your Customer (KYC)

About KYC Verification

Know Your Customer (KYC) verification feature is a regulatory requirement that delivers trust between customer and financial institution. This feature is mandatory for all financial institutions. All related processes must conform to a customer identification program (CIP). Without KYC, banks assets — including those of its good customers — remain vulnerable and at risk. 

Instnt facilitates identity document verification when a user signs up to detect fraud. Automated screening focused on converting more new authenticated account holders. 

How To Enable KYC Verification

Know Your Customer (KYC) verification feature is on by default when creating a workflow via the Instnt dashboard. We recommend leaving the default setting to have Instnt handle Know Your Customer (KYC) compliance verification checks. The feature works parallel with your workflow function without integration function changes needed. Streamlined to help customers pass KYC in moments using our AI based anti-fraud technology. Learn more about Instnt Quick Start Guide


How It Works

Know Your Customer (KYC) verification feature is a sophisticated process designed to verify the identities of new customers. To help institutions onboard more customers frictionlessly for a safer and simpler identity verification. 

Design your identity verification infrastructure around your business compliance needs. Learn more about Instnt Field Data

Feature Includes: 

  • Fully automated document verification liveness authentication to authenticate ID documents. 
  • Biometric authentication to verify identities using facial liveness.
  • Sanctions compliance screening solutions to accelerate critical screening workflows. 
  • Compliant with SOC 2, privacy regulations, and various meticulous security measures.

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