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uMonitor’s Identity Verification Service is for ongoing monitoring and verification of your customer information. It ensures Patriot act compliance, including OFAC check and address verification of your entire customer base, along with the unique ability to make address corrections and generate notices.
The service allows financial institutions to take one or all of its existing customers’ vital information and compare it against verification databases from one or more sources and identify any restrictive flags or mismatch of information. By applying financial institution defined rules, the exceptions are identified and processed. Taking advantage of extensive third party services, as well as core banking system interfaces, the process is streamlined for optimum scanning and correction of information. The service is unique in its ability to integrate into the financial institution work flow, as well as its ability to integrate business rules, while reducing manual data handling.
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