ID verification for individuals and entities

A multi-source identification and alert process, which incorporates numerous identity validation and business source databases. It automatically compiles all the information you need to satisfy BSA & Patriot Act requirements and serves as a cornerstone of your Red Flag Regulations program. Searching literally billions of records instantly, the program delivers the intelligence you need to make an immediate decision.
  • Authentication
    Enhances your Identification Verification process by creating a list of questions to which the answers could only be known by the true owner of the ID, returning results instantly.
  • Beneficial Ownership Service
    Beneficial Ownership Service: Beneficial Ownership Service: Provides a means of collecting all FinCEN required information according to the final beneficial ownership rule, regarding Beneficial Owners of 25% or more of a business entity. This service also automates the creation of CIP records for the Business Entity, individuals opening accounts, and an executive or senior individual managing the business entity. In addition, a FinCEN suggested form is created in the permanent CIP record for future use.
  • Customer Due Diligence
    Enables the development of comprehensive questionnaires that deliver risk-scoring during the account opening process.
  • Negative Verification
    Confirms that customer is not on watch lists
  • OFAC
    Automatically checks your customer data against the current OFAC lists.

  • Positive Verification

    Confirms that presented information is accurate 
  • Logical Verification
    Confirms that presented information is cohesive

Beneficial Ownership - Explain the new rule to your customers

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Customer Due Diligence Data Sheet
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Frequently asked questions

  • Q1. What is OneSumX® Customer Due Diligence?
    OneSumX® Customer Due Diligence is a solution designed to support identity verification, customer onboarding, and risk assessment through integrated due diligence workflows. It helps financial institutions collect, validate, and assess customer information as part of risk-based customer due diligence and onboarding programs.
  • Q2. What regulatory requirements does it support?
    The solution supports key requirements such as Customer Identification Program (CIP), Customer Due Diligence (CDD), Beneficial Ownership, and Identity Theft Prevention. These capabilities help institutions apply consistent controls when onboarding both individuals and legal entities.
  • Q3. How does identity verification work?
    Identity verification is performed using multiple data sources to validate customer information for individuals and entities. This multi-source approach supports stronger confidence in identity verification while enabling institutions to apply their own risk and decision criteria.
  • Q4. Does it include customer risk scoring?
    Yes. OneSumX® Customer Due Diligence includes risk scoring capabilities that help categorize customers by risk level during onboarding. This allows institutions to tailor ongoing due diligence and monitoring activities appropriately.
  • Q5. How does it integrate with broader compliance workflows?
    Customer due diligence workflows can integrate with other OneSumX® modules, including AML monitoring and compliance program management, supporting a more coordinated approach to financial crime risk and compliance oversight.

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