Comply with KYC Requirements Without Slowing Down Onboarding

Verify identity, assess risk, and monitor accounts continuously — all from data sources a fraudster can’t fake.

The Challenge

Financial institutions and other regulated entities must follow Know Your Customer (KYC) requirements as part of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) obligations worldwide. Compliance has three components: verifying the basic identifying information of every new customer, understanding that customer’s risk profile, and continuously monitoring accounts and transactions for suspicious activity.

Document-based KYC alone is increasingly insufficient — breached PII and synthetic identities can pass document checks, and continuous monitoring is often the weakest link once onboarding is complete.

How Zumigo Solves It

Zumigo provides verification and authentication solutions to establish and maintain a compliant customer profile via:

• Matching personally identifiable information (PII) such as name and address, mobile phone number, driver’s license, and other identity elements against authoritative sources
• Screening against required local, regional, and governmental information sources, including the Specially Designated Nationals and Blocked Persons (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)
• Screening against Politically Exposed Persons (PEP) lists maintained at regional and country level
• Checking adverse media or negative news available publicly, and civil and criminal public records

How It Works

1. At onboarding, the customer’s PII and phone number are matched in real time against carrier and authoritative identity sources.
2. Zumigo screens the identity against SDN, PEP, adverse media, and public record sources as configured for the business’s regulatory obligations.
3. A risk profile is established for the customer based on the combined verification and screening results.
4. Zumigo supports continuous re-screening and monitoring as accounts age and sanctions/PEP lists are updated, keeping the compliance posture current — not just accurate on day one.

Related Products

• Assure Identity: PII matching and mobile phone ownership verification that satisfies the identity-verification pillar of KYC.
• Assure Sentinel: Real-time and batch screening against SDN, PEP, and adverse media sources, with continuous re-screening.
• Assure Insights: Ongoing risk signals (SIM swap, porting, deactivation) to support the continuous-monitoring requirement of KYC/AML programs.

Why Zumigo

• Cover all three pillars of KYC — identity verification, risk profiling, and ongoing monitoring — with one connected set of signals
• Reduce false positives and manual review load compared to document-only or manual screening processes
• Keep pace with sanctions list updates through automatic re-screening rather than fixed periodic checks
• Maintain a full audit trail for every screening event to support regulatory reporting

FAQ

What are the core requirements of KYC compliance?

KYC compliance generally requires verifying a customer’s identifying information, assessing their risk profile, and continuously monitoring their account and transaction activity for suspicious behavior, in support of AML and CTF regulations.

Does Zumigo replace document-based identity verification?

Zumigo complements document checks by validating identity against real-time, authoritative mobile carrier and PII data sources, which is harder to spoof than documents alone and can be used alongside existing document-verification steps.

How does Zumigo handle sanctions and PEP screening for KYC?

Assure Sentinel screens individuals and businesses against major global sanctions lists (including OFAC SDN), PEP lists, and adverse media sources, both at onboarding and on an ongoing basis as lists are updated.

Can Zumigo support KYB (Know Your Business) as well as KYC?

Yes. Assure Identity verifies business information, ultimate beneficial owners, principal identity, and sanctions exposure for business customers, extending the same approach to KYB requirements.