Streamline Compliance Without Compromising Experience
In today's regulatory environment, KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance is non-negotiable. But traditional compliance processes are often slow, expensive, and frustrating for customers.
Ogow API's KYC/AML compliance solutions help you meet regulatory requirements while maintaining a smooth customer experience. Our technology is specifically designed for the Horn of Africa region, with specialized support for Somali identity documents.
Key Benefits
- ✓Reduce onboarding time from days to minutes
- ✓Increase conversion rates with frictionless verification
- ✓Stay compliant with changing regulations
- ✓Reduce manual review costs by up to 80%
- ✓Specialized support for Somali identity documents
Comprehensive Compliance Features
Document Verification
Automatically verify the authenticity of identity documents with advanced OCR and fraud detection technology. Our system can detect tampering, forgery, and expired documents.
- •Support for Somali IDs, passports, and other documents
- •Automated data extraction and validation
- •Forgery and tampering detection
AML Screening
Screen customers against global sanctions lists, politically exposed persons (PEP) databases, and adverse media with our comprehensive AML solution.
- •Real-time and batch screening capabilities
- •Customizable risk scoring
- •Ongoing monitoring for changes in status
Biometric Verification
Confirm customer identity with facial recognition technology that matches selfies to ID photos, ensuring the person presenting the ID is its rightful owner.
- •Face matching with liveness detection
- •Anti-spoofing technology
- •High accuracy even with varying image quality
Case Study: SomBank
Challenge
SomBank was struggling with a 2-day customer onboarding process that was causing high drop-off rates and compliance risks.
Solution
Implemented Ogow API's KYC/AML solution with document verification, AML screening, and biometric verification.
Results
Reduced onboarding time to 5 minutes, increased conversion by 35%, and improved fraud detection by 78%.
Compliance Standards We Support
FATF
Financial Action Task Force
GDPR
General Data Protection Regulation
5AMLD
5th Anti-Money Laundering Directive
Local Regulations
Somali Banking Regulations
Ready to Streamline Your Compliance?
Join the growing number of financial institutions using Ogow API to meet compliance requirements while providing a seamless customer experience.