Eastnets introduces SafeWatch KYC to combat financial fraud, establishing itself as a premier custom KYC compliance provider in the industry offering tailored solutions for enhanced security.
(Isstories Editorial):- London, United Kingdom Mar 23, 2024 (Issuewire.com) – In today’s digital age, the landscape of financial crime has evolved into an arena where cybercriminals exploit vulnerabilities within Know Your Customer (KYC) processes, necessitating a novel approach to combating fraud. At a time when financial crimes continue to evolve, banks and financial institutions face greater difficulty protecting their customers against fraud and money laundering. Deepfake technology, in particular, has proven an invaluable weapon for fraudsters by creating synthetic identities with alarming precision. Traditional methods like biometrics and digital checks no longer suffice as the sophistication of fraudulent activities has outshone these conventional tools. As a result, there is an urgent need for innovative solutions that can keep pace with the evolving nature of KYC (Know Your Customer) and AML (Anti Money Laundering) Compliance.
More on Isstories:
- Book Launched “Sales me Safalta ke Gupt Siddhant” in Hindi Language on Sales Management
- Let’s Visit America on This Summer with US VISA Online
- Time to Visit America with the Help of USA Online Visa
- Get a Visa for New Zealand at One Click Away with New Zealand Visa
- Get a Visa for New Zealand Effortlessly with New Zealand Visa
Eastnets, an internationally acclaimed provider of financial crime prevention solutions, stands as a stalwart advocate for its clients in the face of these threats, unveiling its latest innovation, “Eastnets SafeWatch KYC,” as a provider of KYC compliance technology.
A spokesperson for Eastnets stated, “Deepfake KYC poses a grave threat that feeds financial crime.” The spokesperson further added, “To effectively counter this novel fraud, a multifaceted strategy that integrates intelligence technologies across various layers of human interactions and payment systems must be employed.”
At the core of this innovative approach to financial crime lies Eastnets SafeWatch KYC. By employing dynamic scoring methodologies and real-time risk assessment capabilities, this software effectively transforms customer due diligence processes while significantly reducing onboarding times for new and existing customers. Banks and financial institutions alike can utilize its comprehensive capabilities to capture, organize, store, and secure customer information efficiently for regulatory compliance while strengthening due diligence efforts.
“Integrated customer screening is key to mitigating risks associated with deepfake KYC fraud,” notes the spokesperson for Eastnets. “Eastnets SafeWatch KYC conducts all required checks against national and international watchlists simultaneously, offering unparalleled protection from fraudulent activities.”
Eastnets remains steadfastly committed to equipping banks and financial institutions with the tools needed to combat financial crime effectively. Eastnets SafeWatch KYC provides organizations with an efficient means of staying abreast of evolving threats while safeguarding operations against deepfake KYC fraud. As a leading custom KYC compliance provider, Eastnets ensures tailored solutions to meet the specific needs of its clients.
As digital platforms continue to evolve, Eastnets stands ready to lead the fight against financial crime, ensuring banks and financial institutions worldwide enjoy a safer and more secure future.
About Eastnts: Eastnts is a lading global providr of complianc and paymnt solutions for th financial sctor. With yars of xprinc, Eastnts is trustd by banks and financial institutions across the world, dlivring cutting-edge solutions that nsur complianc with financial rgulations and facilitat saf and scur financial transactions.
Eastnets
Phone Number: +32 2 656 00 60
Email: Global Customer [email protected]
Visit us on social media:
Other
Eastnets
[email protected]
1st Floor Reception, 3 More London Riverside, London, Greater London, SE1 2RE, United Kingdom
https://www.eastnets.com/
This article was originally published by IssueWire. Read the original article here.
