PlanetVerify provides a centralized platform that automates anti-money laundering (AML) and Know Your Customer (KYC) processes through API-driven solutions, enabling secure document collection and management with end-to-end encryption. The platform addresses the challenges of compliance and efficiency in customer onboarding by offering automated verifications and tailored workflows for businesses.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations still rely on manual, paper-based processes and unsecure methods like email for collecting sensitive customer and employee data during onboarding, leading to inefficiencies, compliance risks, and potential data breaches. Balancing security, compliance, and user experience during onboarding presents a significant challenge.
Solution
PlanetVerify offers a centralized, API-driven platform that automates and streamlines AML, KYC, and general verification processes for secure and compliant customer and employee onboarding. The platform enables businesses to design tailored onboarding workflows with automated verifications, PEPs and sanctions screening, and GDPR-compliant document collection and management. PlanetVerify's end-to-end encryption ensures secure handling of sensitive data, while integrations with existing enterprise systems facilitate a seamless digital transformation. By automating document collection, verification, and communication, PlanetVerify reduces manual effort, accelerates onboarding times, and minimizes the risk of non-compliance.
Target Audience
PlanetVerify targets businesses across various industries, including accountancy, banking, insurance, legal, property, and telecommunications, that require secure and compliant customer and employee onboarding solutions.
Features
- Automated document collection with end-to-end encryption for secure storage and transfer
- Flexible verification options, including liveness checks, ID document checks, and data verification
- PEPs and sanctions screening to identify and mitigate potential risks
- API integrations for seamless connectivity with existing CRM, HR, and other enterprise systems
- Customizable workflows to adapt to specific business requirements and compliance standards
- On-brand communication tools for a consistent and professional onboarding experience
- Centralized dashboard for real-time monitoring and management of onboarding processes
- ISO 27001 certification and compliance with GDPR and CCPA regulations