Automate KYC/KYB/AML procedures

Comply with the latest AML regulations. Save operational resources. Mitigate risks.

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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.

How it works

  • 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.

KYC automation + Risk assessment

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.

Why KYC automation matters?

It secures business from almost all types of money laundering

  • SEPA Credit Transfer and Direct Debit fraud

  • Payment fraud

  • Identity theft, age fraud, and fake IDs

  • Credit card fraud

  • PEPs, sanction, and other watchlists

Ready to prevent fraud and get high conversion?

Complete the form and receive

30 days free trial