Identity Verification & User Onboarding Glossary

Decode the terminology, jargon, and key concepts in the identity verification realm and discover answers to frequently asked questions about each topic.

Identity Verification & User Onboarding Glossary

What are the Types of Sanctions?

Understand the different types of sanctions needed for AML compliance and best practices for sanctions screening.

What is Bank Statement Analysis?

Bank statement analysis is an organized process used by individuals, businesses, and financial institutions to review and analyze bank statements, transaction records, and closing balances in a bank statement.

What is AML screening and ongoing monitoring?

AML screening and ongoing monitoring help businesses identify criminals and prevent fraudulent activities

What is an Aadhaar Verification API?

The Aadhaar Verification API is used for confirming the authenticity of Aadhaar details. Aadhar verification is a process where the details are extracted from the Aadhaar card and it is cross-verified against government databases.

What is an Money Laundering Reporting Officer (MLRO)?

Learn about the roles and responsibilities of an MLRO and discover the benefits of appointing one for your organization.

What is DigiLocker API: Process and Importance in Onboarding

The DigiLocker APIs enable you to connect to DigiLocker and retrieve required data from users' DigiLocker accounts.

What is face identification and face match technology?

Face match is a biometric technology that compares two different images to ascertain if the subject's facial features match.

What is FinCEN?

Financial Crimes Enforcement Network (FinCEN) is the primary agency within the United States Department of the Treasury responsible for combating financial crimes.

What is Liveness Detection?

The term "liveness detection" describes the procedure applied to verify the legitimacy of a user verifying their identity.

What is Passport Number Verification?

Passport number verification is the process of verifying the authenticity of a passport's details.

What is the Bank Secrecy Act?

Bank Secrecy Act is an important federal law that states financial institutions' recordkeeping and reporting requirements to prevent financial criminal activities.

What is Driving License Verification?

The driving license verification process authenticates a user by verifying their identity details against a centralized database of driving license records.

What is the Office of Foreign Assets Control (OFAC)?

Office of Foreign Assets Control (OFAC) is part of the Department of Treasury and oversees and enforces economic sanctions based on United States foreign policy.

What is the PAN Card Verification Process?

PAN card verification is an important process aimed at confirming the authenticity of details extracted from the PAN card.

What is the RC Verification Process?

RC verification is the process of verifying the vehicle owner's details and vehicle registration certificate from the VAHAN database.

What is Vendor Due Diligence?

Learn what vendor due diligence is, why it's crucial for your business, and how to implement it effectively for strategic advantage.

What is voter ID validation?

Voter ID validation process can help in identity verification for name, address, and age verification.