Automate KYC/KYB/AML procedures

Our benefits

We automate Know Your Customer and Anti Money Laundering procedure by the implementation of actual PEPs lists and complex risk logic

Fastest onboarding
Get a real-time decision for less than 1 second. Reduce customer onboarding time and increase conversion.
Seamless integration
Integrate into any payment gateway, CRM, via API. Customize for a specific merchant business model, billing logic.
Ongoing monitoring
Analyze customer journey stages and check your customers daily. Prevent fines from the market regulators.
Full automation
Transform manual KYC into an automated process. Save operational time, money, and team resources.
Custom rules
Incorporate into any risk logic. Customize rule scenarios to exclude false positives and optimize conversions.
Compliance
Comply with the latest AML, KYC, GDPR, and PSD2 requirements. Secure all transactions against money laundering.
Global coverage
Check users through International databases with PEPs, sanctions and other watch lists updating every day.
Competitive pricing
Save your operational costs by choosing a 6 times cheaper solution than the average.

You send us KYC profile or KYC submit event with personal data of a user via API.
Covery creates a user profile with obtained data inside the system.
Covery combines search results with other rules decisions and makes the final decision.
We check this user's presence in PEPs, sanctions, and other possible watch lists requested by the business.
You get an answer with one of the possible decisions: accept, reject, or check manually this user, and a description of additional action that can be applied to this user.

Combine KYC procedure automation with other Covery features

Device Fingerprinting
100% efficient Device Intelligence technology designed by Covery that collects device data during the user journey at any life cycle point.
Trustchain
Global reputation database inside your scoring models that stops events with compromised identifiers and updates in real-time.
Customizable Machine Learning
Supervised Machine Learning that gives unlimited capabilities for creating custom ML models with no development resources.
Risk and Trust scoring
The scoring approach that indicates fraudsters and right users, VIP customers, and whales to trigger the correct business flow.

It secures business from almost all types of money laundering

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