Taurus is a KYC/AML white-label service which will help you to manage risks effectively and protect your business from potential involvement of risks or criminal associated activities. KYC is a small part of Anti-money Laundering (AML) that determines how the business identifies and verifies an individual’s identity.
Gain a Competitive Advantage with Taurus
KYC is a gate pass for the user to avail of the services, as it is a basic identity verification process that proposed to efficiently understand your customer and their financial dealings with the guaranteed up to 5 minutes for KYC validation.
Taurus is a fast, safe and secure solution that can work more conveniently and reliably for both customers and businesses with web and mobile verification support.
How does it Work?
The CIP is designed to limit money laundering, terrorism funding, corruption, and other illegal activities. A risk assessment is a main functional property applicable at the institutional level and the level of procedures for each account.
Discover the identity and location of the potential customer and gain a good understanding of their business activities along with the authentication and verification of that individual.
Depending on the customer and risk mitigation strategy, some factors required to monitor which include the activity projection and the cross-border activities based on thresholds developed as part of a customer’s risk profile.
Taurus – Secure KYC/AML services are needed to be compatible with both Android and iOS operating systems.
The KYC process is compatible with different payment systems which make it an extensive data capture and secure solution for all range businesses.
KYC can be adopted by various industrial sectors where customer’s data will be verified and keep securely for future tracking along with the blacklist checks with public blacklisted databases.