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, including millions of profiles of high-risk individuals and corporations. These tools help identify new risks in real time by incorporating adverse media monitoring of politically exposed persons (PEPs), organizations, and individuals.
READ MORE: DRAFT-RL | First LLM Evaluation Framework to Integrate Structured Reasoning with Multi-Agent RL
Additionally, Machine learning algorithms are used 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.
Read More On LinkedIn: Is Your Business Ready For Real-Time Payments? | Automated ID Verification SaaS For KYC-AML Compliance
Comprehensive intelligence on PEPs, as well as on individuals and organizations at heightened risk, 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 to help you stay compliant with constantly evolving 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 are sourced from official, authoritative commercial register data. This covers more than 100 million companies across more than 90 countries and jurisdictions.
This service enhances corporate client onboarding by enabling 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 more than 4,000 document types 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 and authenticates a range of 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, in line with 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, which is possible with existing applications via a RESTful API. The system can process 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 AI automation and machine learning.
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-end and backend components 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 can also create and delete unique API Keys. Additionally, the Multi-Layer Orgchart module allows users to generate a company structure chart manually at any time. 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 Technological Foundation
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, monitoring for adverse media and negative news uses 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 records for over 100 million companies across 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 to verify ID documents against captured photos/selfies instantly. There is also Liveness detection, which helps prevent fraud by verifying that the user is live and that the presented ID matches.
Additional features include reliable ID scanning and tolerance levels. They also offer intelligent capture and proof-of-address and registry checks. Online tamper detection and device fingerprinting enhance security.
Crypto AML Functionality
KYC-Chain also analyzes blockchain transactions to uncover forensic evidence and identify malicious actors, enabling faster, 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 that provide risk scores, balances, and records of 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 with onboarding and KYC verification, reaching up to one million users globally. A notable success story is their partnership with Standard Chartered Bank, which began in 2017. They collaborated to create an innovative solution that cut customer onboarding time 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
Disclosure: This Page may contain affiliate links, for which we may receive compensation if you click on these links and make a purchase. However, this does not impact our content.
+ There are no comments
Add yours