iComply Joins Forces With Microsoft to Enable Remote KYC & AML Verification

Canadian regtech company iComply Investor Services announced on Friday it has joined forces with Microsoft to offer its intelligent KYC and AML services through over 64,000 Microsoft solutions providers worldwide. The collaboration reportedly enables financial services providers to fast track their digital transition and enable a contactless customer journey.

iComply reported that its KYC Essentials solution, which is now available through Microsoft’s Appsource and Azure Marketplace, enables businesses to quickly deploy banking-grade identity verification and AML screening tools directly into their website, mobile app, or client portal. Matthew Unger, CEO of iComply,  further stated that the company’s service enables businesses to securely deploy unique compliance workflows with clicks, not code, reducing cost and manual processes.

“Businesses that rely on face-to-face interactions for client onboarding and identity verification need help closing these gaps in their digital operations.”

iComply further revealed that its compliance tools can be set up within days and do not require developers or downloadable apps. Unger added:

“It’s surprisingly common for digital onboarding services to employ hundreds of people to review photos manually for face matching. Conversely, our verification tool uses artificial intelligence for verification and facilitates unique AML workflows by jurisdiction to improve compliance, scalability, accuracy, cyber-security, and unit economics.”

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