KYC2020

KYC2020 was founded in 2016 to meet the sanction screening requirements of Small & Medium Size Enterprises (SMEs) and Emerging Payments FinTech that lacked viable and affordable solutions. A review of available market solutions exposed a significant deficiency: AML/CFT compliance systems were either too expensive, too disruptive to transaction flow or simply excessive for the purpose of a SME. The problem was that compliance systems had traditionally been aimed at financial institutional that have a larger burden of compliance. The emergence of KYC2020 as a stand-alone product/service was driven by the compliance needs of many online Money Services Businesses (MSBs) and grew from there.

Today, with the use of AI, ML and good old fashion human ingenuity and hardwork. Our product suite has expanded to include adverse media screening, ongoing monitoring, decisioning systems to speed customer onboarding and an AML compliance toolkit to help build and manage AML compliance programs.