Signicat's Data Verification is an identity verification product that allows you to check and verify customer data against national and commercial data sources, for both natural persons and organisations.
With the Data Verification API, you can retrieve information about a customer or perform a one-time verification of their data. For example, you can confirm the address and business name of companies, or screen natural persons for politically exposed person (PEP) status.
Data Verification helps you comply with Anti Money Laundering (AML) laws by connecting you to trusted data sources through a single point of integration, thus reducing the costs and challenges of integrating with several sources separately.
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Use cases
Here are some use case examples to better understand how you can use Data Verification for both persons and organisations:
- Gather basic identity information for onboarding.
- View finance and credit risk rating information.
- Identify the ultimate beneficiary owner (UBO) of an organisation.
- Retrieve roles and ownership information of an organisation.
- Screen a person or an organisation for politically exposed person (PEP), sanction and adverse media status.
- Verify the ownership of bank accounts.
- Get the signatory rights of an organisation.
- Verify identity information provided by the user.
- Enrich end-user and organisation data.
- Ensure AML/KYC compliance.
Customer cases
You can read about how our customers are using our solutions in the customer cases:
API
The Data Verification API returns normalised data from carefully-selected sources, making it easy for you to interpret and use the responses regardless of the data source.
Additional resources
Support
If you have questions, you can contact us by creating a support ticket in the Signicat Dashboard: