Cloudcheck for Financial Services

Whether you’re a large financial services provider or a startup, there are benefits to using Cloudcheck. We work with organisations of all sizes and have a solution and price plan to suit you.

Comply with your AML/CFT obligations

Cloudcheck can assist you in meeting your AML/CFT obligations. Electronic identity verification (EV) is permitted under Part 3 of the Amended Identity Verification Code of Practice 2013.

Verify in under 4 seconds

The traditional method of identifying a customer is to ask them to supply original, certified documentation in order to prove their identity and residential address. This typically involves the customer spending time and effort to find a trusted referee to certify their documents before mailing them to their service provider. This method is irritating to customers and may cause them to seek other providers with more streamlined processes. Cloudcheck’s cloud-based solution can verify your customer in less than 4 seconds (on average).

PEP & Sanction checks

Perform PEP & Sanction checks in real-time against local and international watchlists, either as part of the identity verification process or as a stand-alone process. Using data from Dow Jones, we can screen your customers for as little as $0.10 per check.

Reduce fraud

To further reduce fraud, enable the Cloudcheck Live add-on as part of your process and you’ll be able to establish a visual link between the customer and their identity document.

Cloudcheck Live can be used as part of the identity verification process or as a stand-alone service, for example, to establish this link for customers you already transact with.

ProductSuggested uses

Cloudcheck API

  • Streamline your on-boarding by integrating the API into your application forms
  • Connect your CRM to Cloudcheck for ease of maintaining your customer records
  • Automate the screening of your database

Cloudcheck Direct

  • Electronically verify customers on an individual basis
  • Try EV without performing any IT or integration work
  • PEP & Sanction screen on an ad-hoc basis

Cloudcheck Live

  • Integrate into your online application and reduce fraud
  • Use with your existing customers and confirm their identities

Cloudcheck Bulk

  • Verify large groups in a single upload (e.g. beneficial owners)
  • Perform remedial work on your customer database by verifying all details are correct via a single upload
  • Perform regular PEP & Sanction screening on your entire customer base

Cloudcheck Go

  • Struggling to get identity details from a customer? Send them a branded email to self-verify
  • Verify the identity of a company’s directors by sending a self-verification email to each one
  • Perform verifications on existing customers who were onboarded before your organisation was captured by the AML/CFT Act