4Stop, a global KYC, compliance and anti-fraud technology provider, has completed and is now live with the third phase of their product enhancement.
Its latest development is focused on expanding the functionality and optimising the user experience surrounding KYC implementation and management.
4Stop’s new KYC data source hub allows businesses to effortlessly manage their KYC requirements, KYC implementation, performing KYC, and KYC driven data simulation reports, all from a simple-to-use interface.
Its new hub is home to hundreds of premium global data sources, with the 4Stop development team aggregating data and APIs on a daily, weekly and monthly basis. Enabling a KYC data source was built for the utmost intuitive nature through a guided step-by-step interface.
Businesses simply selecting the KYC to enable, merchant(s) to be activated for, the countries it should be active in, configure their cost-saving cascading verification logic and wherein the customer journey it should perform.
“Data aggregation is key to the future of risk management. It is our focus at 4Stop to provide businesses with a true all-in-one global solution that effortlessly manages global KYC requirements and fraud prevention processes in a fully automated manner, through just a single API integration,” states Ingo Ernst, CEO, 4Stop.
Monitoring overall data source performance has also received an enhancement that included the development of a KYC performance reporting dashboard that articulates granular details on activated KYC within a holistic view and deep-dive data source specific reports including; volume, history, approval, warning and rejected rates, associated rule performance, cascading verification performance.
Ernst added: “We are continually evolving our technology to provide the absolute best-in-class KYC, compliance and fraud prevention solution. We are excited to be launching our enhancement releases in a very timely manner and greatly look forward to our continued technology evolution.”
Ontology, a new public blockchain project and a distributed trust collaboration platform, recently partnered with RegTech provider 4Stop. The company said it will use 4Stop to perform know your customer (KYC) compliance requirements, further ensuring that the blockchain industry continues to advocate trust as an emerging technology.
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