Maximise Onboarding

With Powerful KYC and Fraud Prevention Technology.

The Paypers have launched their new "Digital Onboarding and KYC Report 2020". Detailing key insightful perspectives on global KYC management, latest identity verification and authentication technology and trends.

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Digital Onboarding and KYC Report 2020
Published February 25th, 2020. Download Report Guide

In the recent Global Digital 2019 Report reveals that internet users are growing by an average of more than one million new users every day since January 2018 and an expected annual digital growth of 9.1%. From these internet users, 2,818 Billion people worldwide engage with eCommerce and by 2022 online sales will make up 17% of all global consumer sales.

With all this growth and more and more customers engaging online storing card and personal details, inevitably brings more risk. Fraudsters are relentless in their maneuvers to attack customers intangible selves and businesses worldwide from their hard-earned established customer trust, brand loyalty and revenues.

One of the critical mantras these businesses are implementing is a wide range of Know Your Customer (KYC) tactics throughout their entire customer journey. For many businesses, onboarding customers in a verified manner may bring the risk of friction and loss of engagement if the required verifications at an entry-level are too vigorous. One method to maintaining low KYC friction at the point of entry it to implement pre-screening KYC verifications in the onboarding journey. Which allow the costs associated with KYC performance to remain low, and identities are quickly verifying through risk analysis against basic KYC checks.

Building trust through technology without disruption is increasingly the goal, but also the responsibility of businesses with online channels. While there are substantial barriers to achieving that goal, it is more critical than ever for companies to overcome. Businesses need to look beyond just implementing KYC for compliance and utilise KYC data to enhance customers digital profile, experience and trust.

Lack of visible security is the number one reason customers abandon an account creation or transaction. Nearly two-thirds (66%) of customers appreciate security protocols when transacting online because it makes them feel protected.

If KYC verifications are presented to customers in a manner when they are relevant in their journey as well within a layered cascading approach, the business is acquiring the best data and fraud prevention techniques. The more a business knows about their customers, the more they not only build further trust within their brand but can tailor customers experiences to expand loyalty, improve overall customer lifetime value and obtain revenue retention.

It has been proven that businesses that utilise a combination of KYC verifications in conjunction with real-time fraud prevention technologies can diminish chargebacks by 66 percent in the first two-months and increase authorisation rates by 85%.

Data aggregation and global KYC orchestration hub technologies support the high-demands our online eco-system is presenting. Hubs like ours support many global Payment Service Providers (PSPs) with access to implement thousands of premium global KYB, KYC data services, data intelligence and anti-fraud technology all from a single API. Utilising orchestration hubs is the most cost-efficient manner to implement and perform KYC worldwide. Allowing businesses to harness the true potential KYC and ID verification brings to their business without any touch on their operations.

About Overview

4Stop specialises in providing leading global KYB, KYC, and compliance services, paired with their proprietary real-time anti-fraud and monitoring technology and data science, all available from one API integration. 4Stop establishes a true all-in-one solution for automated and premium fraud defence world-wide; saving businesses time, money, and resources by managing their risk. View our full profile in the guide pages 60-63.

Business Model

Software-as-a-Service (SaaS), managed services, support, consulting, Verification-asa-Service (VaaS), risk management, risk business underwriting (KYB), Fraud prevention technology

Service Provider

Digital Identity Service, Technology Vendor, Web Fraud Detection, Verification-as-a-Service (VaaS)

Unique Points

Businesses leverages 4Stop's platform to enable merchants to screen for multiple fraud use cases, including payment, loyalty, and social media reputation. Our unique capabilities allow customers to be efficiently removed from fraud processes, supporting merchant growth.

Core Services

  • Fraud & Risk Management
  • Decisioning Platform
  • Data Provider & Intelligence
  • Transaction Verification
  • Behavioural Biometrics
  • Transactional monitoring

  • Multi-account Association
  • Information sharing
  • Anti-fraud technology
  • Rule-based methodology
  • Supervised machine learning
  • Case management

Identity Verification

  • Identity Document Scanning
  • Video Scanning
  • Personally Identifiable Information (PII) Validation
  • Email Verification
  • Phone Verification
  • Address Verification
  • Credit Check
  • Compliance Sanctions & PEP Screening
  • Compliance Monitoring
  • Biometric Identity Verification
  • Adverse Media
  • Business Identity Verification
  • UBO/Director KYC Verification
  • Business Credit Checks

  • Business Website Analysis
  • Business Compliance
  • Transaction Verification
  • Abuse List
  • Monitoring Intelligence
  • Credit Bureau & Information Sharing
  • Portfolio Cross-Check
  • Virtual Address Detection
  • Website Auto-Compliance
  • SiteAlert
  • Money Laundering Detection
  • Deceptive Traffice Detection
  • Predictive Risk Analysis
  • Risk Scoring

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