There's a reason digital payments companies choose First AML.
Onboard merchants with complex international structures with ease. Source fits into your process and is configurable across jurisdictions.
Reduce time to first transaction
Get your merchants and partners up and running quicker with our streamlined AML checks.
- The most complete global data set for company information means you can always find who you need.
- Automate customer onboarding even if they're complex or international entities.
- Standardise AML procedures aligned with relevant regulations
- Conduct comprehensive KYC/KYB and risk assessments
High volume onboarding
Optimise customer onboarding , even with tricky cases.
- Automate the onboarding process for all customers, from enterprises to individual clients.
- Workflows to ask for additional documentation when first-level ID checks fail
- Ensure consistent KYC and AML compliance aligned with industry standards
- Conduct comprehensive customer due diligence and risk assessments
- Audit-ready reporting and compliance oversight dashboards
Improve merchant and customer experience
By combining seamless digital interactions with built-in compliance controls, Source by First AML helps you deliver exceptional merchant and customer experiences that drive growth while maintaining regulatory standards:
- Embed our ID verification technology within your platform's experience to reduce onboarding touch points and friction.
- Two way live synchronization with Source for frontline or compliance team to handle exceptions
- The Manifest smart workflow engine and task automation streamline data collection and securely store it.
- Quick and easy eIDV and biometric verifications whether through a computer or mobile device.
- Complex entities, overseas investors unusual structures etc are dealt with through in-built requirements doing all of the heavy lifting
Privacy and security
Have peace of mind knowing your investor data is protected by industry-leading security measures, minimising regulatory, reputational and cyber risks. Source by First AML enforces multi-layered security protocols and data privacy safeguards meeting global banking standards:
- ISO 27001 certified processes for information security management
- Data stored in highly secure AWS facilities within the EU/Ireland and Sydney
- Quarterly independent penetration testing by third party cybersecurity experts
- Comprehensive data encryption, access controls and monitoring in place
"What I love about First AML is how easy it is to use the platform - the intuitive UI makes it very user-friendly."
Ellie Hall, Ops Associate, Jelix VC
No more manual processes. Perfect for onboarding tricky merchants.
Save time and deliver excellent customer experiences with a highly automated and expansive KYC/B information system.
Elevate your KYC Workflow
Source by First AML redefines KYC with a streamlined, efficient, and customisable approach.
- Integrated data feeds simplify data management
- Customisation options adapt Source to your unique AML processes
- Centralised, timely and relevant information reduces time-to-decision
- Auto alerts and reminders allow management by exception
- Audit trails are auto-built with every action
- Adaptive rule-based verifications trigger relevant due diligence checks based on specific customer risk levels.
Manifest
It’s your AML command centre.
Streamline workflows and empower users with intelligent prompts and automated processes. The Manifest serves as a centralised hub for effortless case management, providing clarity on CDD data, requirements, actions, and progress.
Simplify KYC fulfilment through automated reminders, IDV requests, verifications, email communication with clients, in-built logic and visual indicators for holistic understanding.
Compliance config and customisation
Source by First AML, puts customisation at the forefront. From customised risk assessments that align precisely with your risk appetite, to setting identification verification levels, from monitoring ongoing changes to incorporating your logo, colours and brand voice, Source offers it all.
The fintech Frankenstein dilemma
Is your KYC tech stack starting to resemble a pieced-together monster of point solutions?
Payments companies are often drawn to front-end identity verification and biometric solutions for their sleek user interfaces, seeing KYC as a one-time process. While a smooth onboarding flow is appealing, companies soon realize it's just one piece of the AML puzzle.
As time goes on, companies often scramble to add tools for sanction screening, ongoing monitoring, PEP, anti-fraud, and KYB, resulting in a fragmented, Frankenstein-like AML system. Download the e-book on how to fix this common issue.
