Offering an opportunity to acquire its company, KYC-Chain is an ID verification and blockchain-powered SaaS platform for AI KYC Biometric Verification. It automates Know Your Customer (KYC) and Anti-Money Laundering compliance. The SaaS enables secure onboarding and identity verification for businesses. The company was established in September 2016, following the release of a white paper in January 2014. This whitepaper details the use of blockchain for identity verification. They also prototyped solutions on the Bitcoin network and later experimented with Hyperledger.
AML & Sanctions Screening
After reviewing the platform, the SaaS offers a comprehensive suite of features, starting with AML & Sanctions facial recognition Screening. This service uses continuously updated global data sources, which include millions of profiles on high-risk individuals and corporations. These tools help identify new risks in real-time, incorporating adverse media monitoring of politically exposed persons (PEP), organizations, and individuals.
Additionally, Machine learning algorithms are utilized to monitor thousands of news sources. Also, advanced sanctions screening uses enriched data, machine learning, and fuzzy matching. In turn, this approach helps reduce false positive alerts and manual workload. It enables businesses to quickly identify real risks and pinpoint individuals associated with criminal or prohibited activities.
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Comprehensive intelligence on PEPs, as well as heightened risk individuals and organizations, is also provided, including insights into relatives and close associates. The system ensures compliance with worldwide sanction lists. These lists include OFAC, US BIS, CIA, EEAS, SECO, HMT, MOD, and the World Bank. Additional support includes fitness and probity data for individuals who have committed transgressions. There are also features for staying compliant with constantly changing crypto regulations. It also includes warnings and regulatory enforcement data covering legal enforcement details and regulatory actions against firms and individuals.
KYC-Chain Onboarding and Identity Verification
For businesses, Corporate KYC offers a fully custom onboarding flow and instant identity verification for companies and their beneficial owners. The platform gathers and verifies data against “golden sources” for all individual and corporate members, shareholders, and directors. It provides real-time access to company records. The records come from official and authoritative commercial register data. This covers over 100 million companies in more than 90 countries and jurisdictions.
This service enhances corporate client onboarding, which allows for integration via a web-based application or API. The service is flexible and scalable. It can handle hundreds of thousands of checks per day. It also performs Ultimate Beneficial Owner KYC and AML checks against global sanctions and watchlists. The checks also include politically exposed persons and run against adverse media databases. Also, the Company Registry Check feature provides access to essential business information. This consists of the registration number, address, incorporation date, activity status, and a list of directors.
ID Verification leverages document verification and facial biometrics technology. It authenticates over 4,000 types of documents from more than 240 countries and territories in local languages. This process enables real-time global customer onboarding. KYC-Chain’s process is fully automated, which authenticates various global identity document types and unstructured proof of address documents. The system utilizes facial biometrics to recognize and extract relevant data points, such as the face. It also uses optical character recognition (OCR) to extract the name and document number.
Workflow Solution
The KYC Workflow Solution is an all-in-one platform designed to identify and verify individuals and corporations, matching global compliance requirements. It simplifies the onboarding process and manages the entire client lifecycle. This solution offers flexibility and scalability. It allows customization to specific requirements, including AML. Integration is possible with existing applications via RESTful API. The system is capable of handling hundreds of thousands of checks daily.
KYC-Chain efficiently reviews and processes incoming KYC applications by streamlining compliance workflows and automating screening and identity verification. With worldwide coverage, it can onboard and verify individual, corporate, and institutional clients in over 90 countries and jurisdictions. The platform aims to streamline the customer experience by reducing the time and effort required for each KYC check. Also, it leverages automation and machine learning. This allows companies to focus on risk assessment and onboarding.
Multi-Scope and Multi-Layer Module
KYC-Chain continually enhances its offerings with new features, such as Multi-Scope. This allows managers to create multiple client ‘scopes’ within a single onboarding platform. This platform is ideal for groups of companies or white label providers. It has customizable front and back ends for specific KYC checks and branding. Therefore, Multi-Approval and Manager Permissions enable applications to be approved by multiple individuals.
They provide administrators with granular control over manager access permissions. Administrators also have the flexibility to create and delete unique API Keys. Additionally, the Multi-Layer Orgchart module allows users to manually generate a company structure chart at any point. It offers a “bird’s eye view” of an entity’s fit within an organization. It displays risk exposure across corporate structures and visualizes ultimate beneficial owners for critical risk assessments.
The platform’s robust technological foundation includes:
Comprehensive AML & Sanctions Screening
KYC-Chain offers advanced sanctions screening using global, continuously updated data sources, including millions of profiles on high-risk individuals and corporations. The Features include machine learning and fuzzy matching capabilities to reduce false positives and pinpoint real risks. Also, adverse media and negative news monitoring utilize machine learning algorithms across thousands of news sources to identify risky entities.
It also provides comprehensive intelligence on Politically Exposed Persons (PEPs). The intelligence is categorized for flexible search. It focuses on relatives and close associates. This ensures compliance with worldwide sanction lists, including OFAC, US BIS, CIA, and the World Bank.
Corporate KYC Solutions:
Offers a fully custom onboarding flow and instant identity verification for companies and their beneficial owners. It gathers and verifies data against golden sources for individual and corporate members, shareholders, and directors. It also provides real-time access to company records from over 100 million companies in 90+ countries.
Includes UBO (Ultimate Beneficial Owner) KYC & AML checks to screen corporate and institutional clients.
ID Verification Capabilities:
Authenticates over 4,000 types of documents from 240+ countries in local languages, enabling real-time global customer onboarding and verification. It also features fully automated document authentication that can identify ID document types without a human backend.
The business also utilizes Optical Character Recognition (OCR) for data extraction and validation, verifying extracted data against security elements. Provides face recognition and biometric analysis for instant validation between ID documents and captured photos/selfies. There is also Liveness detection, which prevents fraudsters by verifying that the user is live and matches the presented ID.
Additional features include reliable ID scanning and tolerance levels. They also offer intelligent capture and proof of address & registry checks. Online tamper detection and device fingerprinting enhance security.
Crypto AML Functionality
KYC-Chain also analyzes blockchain transactions for forensic evidence and identifies malicious actors, enabling faster and more informed risk decisions. It automates cryptocurrency wallet screening and identifies suspicious blockchain behavior. It also supports screening and monitoring for Bitcoin, Bitcoin Cash, Ethereum, NEO, Dash, Hyperledger, and more.
KYC-Chain also employs cutting-edge blockchain analytics to track over 270 risk indicators and profiles. It offers Crypto Wallet Reports, providing risk scores, balances, and records of various illicit activities associated with a wallet address.
Additional Supported Features: Includes fitness and probity data for reassessing potential business relationships. It offers solutions for Crypto Regulations to ensure businesses stay compliant with evolving standards. It also provides warnings and regulatory enforcement data detailing persons wanted by law enforcement or subject to regulatory actions.
Closing
KYC-Chain serves a diverse range of industries, including banking, trading, blockchain, payments, telecom, and management/funds. The company has supported over 40 companies in onboarding and KYC verification up to one million users globally. A notable success story is their partnership with Standard Chartered Bank, which began in 2017. They collaboratively created an innovative solution that cut customer onboarding times in half. This collaboration demonstrates how KYC-Chain offers a KYC solution that makes it an attractive acquisition target.
References
Flippa. (2025) SaaS | Business. KYC-Chain is a blockchain-powered platform that automates KYC/AML compliance, enabling secure, scalable onboarding and identity verification for businesses. Flippa.com
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