Question 1

How does iComplyKYC's edge computing technology improve security?

Accepted Answer

iComplyKYC's edge computing architecture processes data closer to the source, minimizing data transmission and reducing potential exposure points for cyberattacks. This localized processing enhances data security and protects sensitive user information.

Question 2

What types of integrations does iComplyKYC offer?

Accepted Answer

iComplyKYC offers seamless integration with websites, mobile applications, and bespoke systems via a simple one-line code integration. It also supports API integrations with popular third-party platforms for enhanced workflow automation.

Question 3

Is iComplyKYC compliant with global data privacy regulations like GDPR and CCPA?

Accepted Answer

Yes, iComplyKYC is designed with data privacy in mind and supports compliance with global regulations such as GDPR and CCPA through its edge computing architecture and robust data protection protocols.

Question 4

How does iComplyKYC help with real-time fraud detection?

Accepted Answer

The system's localized, real-time processing capabilities enable instant alerts and swift responses to suspicious activity, allowing businesses to identify and mitigate risks immediately, protecting both the business and its customers.

Question 5

What is the difference between KYC, KYB, and AML, and how does iComplyKYC address them?

Accepted Answer

KYC (Know Your Customer) verifies individual identities, KYB (Know Your Business) verifies business entities, and AML (Anti-Money Laundering) prevents financial crimes. iComplyKYC provides a unified platform covering all three, ensuring comprehensive compliance.

Question 6

What level of customization is available within the iComplyKYC platform?

Accepted Answer

iComplyKYC offers a degree of customization to align with specific business needs, including configurable risk thresholds, custom data fields, and tailored reporting options.

Question 7

How does iComplyKYC handle data storage and retention?

Accepted Answer

iComplyKYC adheres to industry best practices for data storage and retention, offering secure storage options and configurable retention policies to meet regulatory requirements.

Question 8

What kind of reporting and analytics does iComplyKYC provide?

Accepted Answer

iComplyKYC provides comprehensive reporting and analytics dashboards, offering insights into compliance performance, risk levels, and key metrics to support informed decision-making.

iComplyKYC

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