EDD Product Suite
We offer 6 key EDD capabilities to help you with your compliance and risk management needs:-
Identity Verification
Multi-document verification of BVN, NIN, Passport, Driver’s License, and other government-issued documents to confirm customer identity. -
Risk Assessment
Run risk checks based on various key factors that ultimately generates a risk level (High, medium or low) for each customer, enabling informed decision-making. -
Document Processing
AI-powered OCR technology that automatically extracts and validates information from uploaded documents. -
PEP & Sanctions Screening
Real-time screening against global Politically Exposed Persons (PEP) lists and sanctions databases to identify high-risk individuals. -
Report
Export a completed customer EDD to a comprehensive compliance report in PDF format.
How it works
The EDD process involves several key steps:-
Request Submission
Submit customer information for verification through API or upload of customer documents. -
Verification Process
The customer identity verification and comparison to your data begins. -
Screening & Analysis
Screen against PEP and sanctions lists while monitoring adverse media coverage. -
Risk Assessment
Calculate risk scores based on geographic, customer, transaction, and compliance factors. Generate a risk level for the customer. -
Review & Reporting
Maker checker review process begins involving the account officer and other selected reviewers. Once the review is complete, a report can be generated and exported to PDF.
