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By Chris Poole

UK Country Manager, APLYiD

OTHER FEATURES

Biometric Checks: Adding Some Magic to KYC and AML Compliance for Estate Agents

Step right up and witness the extraordinary world of Estate Agents as they embrace the power of biometric checks, turning the mundane tasks of customer onboarding and AML compliance into a smooth and enjoyable process.

Biometric Checks: Unleashing the Magic of Efficiency.

In the realm of Real Estate, time is money, and Estate Agents are always in need of efficiency increases. With biometric checks, they have discovered their secret weapon to solve the burdensome paperwork and slow customer verification processes. These checks harness the power of unique physical characteristics to swiftly verify customer identities, ensuring a seamless and speedy onboarding experience.

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Gone are the days of customers being required to physically come in to be verified and hand in their documents. Biometric checks offer Estate Agents a streamlined and efficient way to verify customer identities. By leveraging the power of biometrics and document verification, agents can authenticate customers' identities in a matter of seconds. This not only reduces the time spent onboarding but also eliminates the risk of human error.

With powerful facial recognition technology and its ability to analyse and identify unique facial features, customers can be identified in a quick and smooth process rather than a depressingly slow one.

There’s no need to walk the tightrope of uncertainty, with this automated verification process that identifies your customer and significantly reduces the administrative burden on Estate Agents.

AML Compliance unleashed with the power of Biometrics: estate agents are onboarding clients with a smile.

AML compliance and client onboarding can be a tedious affair, but by unleashing the power of Biometric checks all of this can be streamlined, allowing fast document capture and ID verification, resulting on average in a 200% increase (Tall Poppy case study) in application processing speed.

Many Estate Agents have already switched to biometric checks and have found they are armed to transform the onboarding process into a delightfully smooth and stress-free journey. Currently, the Estate Agents that have switched are seeing house sales increasing by a minimum of 25% (Market research undertaken by APLYiD).

In the world of AML, compliance takes centre stage and Estate Agents must ensure they follow regulatory guidelines and industry standards. This is where Biometric checks coupled with AML data is delivering incredible efficiencies, with clients' documents captured and verified in under 90 seconds (APLYiD.com). Estate Agents using biometric checks prove that preventing financial crime and speeding up customer onboarding can be an entertaining affair.

Efficiency Unleashed: Digital Document Capture and Biometric Checks for Estate Agents

Estate agents are making paperwork disappear as they embrace the efficiency of digital document capture and biometric checks. With a snap of a photo and a touch of biometric verification magic, clients' documents are securely captured, and identities are confirmed in a flash.

No more wrestling with stacks of paper. Estate agents armed with technology swiftly capture client documents using smartphones. But that’s not all, Biometric checks ensure the authenticity of documents and client identities.

The benefits are clear. Estate Agents bid farewell to manual data entry and human errors and sell up to 25% more houses (Market research undertaken by APLYiD). Documents are securely captured digitally and verified as needed. Time saved translates into efficient operations, allowing estate agents to focus on selling more houses.

Moreover, biometric checks add a robust layer of security, reducing the risk of fraud. Forged or stolen documents are swiftly identified, fostering trust and confidence in all real estate transactions. In the digital era, Estate Agents embrace digital document capture and biometric checks. It's a leap towards efficiency, reduced paperwork, and heightened security.

Data Security

Behind the scenes of this seamless process, Estate Agents understand the importance of data security. As experts, they take every precaution to ensure that personal information remains safe and sound. Biometric data is handled with the utmost care, utilising robust encryption and access controls to protect it from prying eyes.

Estate Agents know that maintaining data security is not just a legal requirement but also essential for building trust and credibility with customers.

Biometric Checks are the way to dazzle your customers whilst maintaining compliance!

Biometric checks have turned the customer onboarding and AML compliance process on its head for Estate Agents. Through the experience of facial recognition and the art of document capture and validation, agents have found a way to bring joy and efficiency to these crucial but often mundane tasks. While the show is entertaining, Estate Agents never forget the importance of data security and compliance. So, come and witness the magic of biometric checks as Estate Agents seamlessly onboard customers while keeping the circus of compliance under control.

Come and experience the APLYiD way of onboarding.

If you like the sound of being fully compliant with your AML and compliance checks then speak to us today, see how biometric checks can sprinkle a little bit of magic into your onboarding experience. You’ll be amazed at the efficiency you’ll experience, and your customers will be dazzled by the speed and ease of use for them, Biometric checks really are the greatest show in tech right now.

  • Michael Day

    Not sure about the “magic” reference but digital ID certainly moving forward apace.

    Checks must include PEPs and Sanctions checks and agents must remember that ID is only part of the process.

    The other key element is assessing risk (someone may be who they say they are but still up to no good) particularly around source of wealth/funds.

    Jacob French

    Hi Michael,

    I completely agree! ID Verification is only part of the process.

    Included in APLYiD's Biometric check we also screen against:

    -PEPs, Sanctions and Adverse Media
    -Mortality list
    -Electoral Register
    -Multiple Credit Header data from major Credit Bureaus in the UK

    We are combining data and all the stuff you'd need to be truly compliant but adding an amazing super simple, no apps to download KYC process 👍🏻

     
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