Know Your Customer

Know Your Customer (KYC) Compliance Solutions for Financial Institutions

Whether to prevent fraud or meet USA PATRIOT Act and Fair And Accurate Credit Transaction Act (FACTA) regulations, KYC compliance is a critical component to success. Today’s financial institutions need to feel confident in customer interactions over a number of channels and a variety of transactions.

The Know Your Customer suite of FIS Decision Solutions combines KYC compliance, fraud prevention and identity verification into solutions that can be integrated to address specific business needs. Built for flexibility, Know Your Customer solutions are easily integrated into systems and have options for real-time or batch processing in a number of environments.

FIS ID Verification

This flagship KYC compliance solution provides a robust platform that integrates into new account opening processes and quickly verifies the identities of account applicants. Though a user-friendly online interface, this KYC compliance solution is an effective records management system, archiving results for later management review or procedural audit.

FIS Government List Screening

In addition to the OFAC list, FIS Government List Screening provides financial institutions with the option to screen customers and applicants against a variety of other watch lists. Customers may choose to use this solution on a stand-alone basis or as part of a more robust ID verification service. FIS Decision Solutions can continually monitor your customer list against any new additions to watch lists and alert you to any potential matches.

FIS ID Authentication

In situations where it may be difficult to know who you’re dealing with, such as online transactions, FIS ID Authentication gives you another layer of security through further validating identity using out-of-wallet questions. The data sources used in this solution make it possible to ask questions that may not be readily obtained from a stolen credit report.

FIS Red Flag Checklist Service

The FIS Red Flag Checklist service that is designed to help you manage, track and demonstrate your Red Flag/FACT Act compliance program. Your institution can make existing technology relevant to your updated compliance strategy while still protecting against fraud and keeping service levels high. Ask us about our introductory pricing program!

We invite you to learn more about FIS solutions for KYC compliance and FACTA regulations. Find out how the Know Your Customer services from FIS Decision Solutions can impact your financial nstitution by watching a product demonstration, attending an upcoming web seminar or sign up for a free trial.

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