Your Seamless KYC Solution for The Philippines
Comply with The Philippines' eKYC regulations while creating convenience for your business and customers.
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Maximise Conversions.
KYC has never been easier. Get your KYC processes fully automated with just a few lines of code, and empower your business to grow faster.
eKYC process in The Philippines
The Anti-Money Laundering Council (AMLC) provides guidelines for Financial Institutions around the Customer Identification Process (CIP) under the Republic Act No. 9160. When it comes to performing eKYC in The Philippines, specifically, the AMLC authorises the use of Information and Communication Technologies (ICT) methods as a way to perform the Customer Verification Process.
As part of the requirements, companies shall identify and record the true identity of their customers, whether permanent or occasional, and shall implement appropriate systems of collecting and recording identification information and ID, such as:
- Photocopying/scanning of the ID presented;
- Using ICT to capture and record the demographic data and/or biometric information of customers; and/or
- Manual recording of identification information
Companies shall gather the following identification information and ID before or during account opening or onboarding:
Identification Information:
- Date of birth
- Place of birth
- Sex
- Citizenship or nationality
- Address
- Contact number or information, if any
- Specimen signatures or biometric information
Identification Documents:
- Phil ID; or
- Other identification documents
In terms of the Customer Verification Process, companies shall implement and maintain a system of verifying the true identity of their clients, including validating the truthfulness of the information and confirming the authenticity of the identification documents presented, submitted and provided by the customer, using reliable and independent sources, documents, data, or information.
With more than 130 Filipino ID documents supported, and more than 12,000 ID documents globally, TRUSTDOCK has both your compliance team and your customers covered.
Benefits
Be Compliant
Offer a peace of mind for your KYC teams with a fully compliant Identity Verification solution in The Philippines
Create Convenience
Empower your teams with a fully automated KYC solution that simplifies ID verification processes for your customers
Grow Your Business
Convert more customers with a seamless user experience, and enable your business to grow faster
How it works
With just a few lines of code, you can embed TRUSTDOCK's Identity Verification solutions on iOS, Android and Desktop, and allow your customers to verify their identity as per The Philippines regulations.
TRUST ID
ID scan & Face comparison solution, to deliver a frictionless user experience for your customers:
- 130 Filipino ID documents supported & 12,000 globally
- Less than 30 seconds to complete the Identity Verification
- Automated detection of the ID document
- Form auto-fill, with a high OCR accuracy
- Passive liveness check and face matching
Empower your compliance teams:
- Solution compliant with The Philippines’ regulations
- Majority of submissions can be instantly approved
- Incorrect submissions instantly detected and rejected
- Only focus on suspicious customers
TRUST PASSPORT
e-Passport & Face comparison solution, to deliver a frictionless user experience and impress your customers with an advanced NFC technology.
- Less than 30 seconds to complete the Identity Verification
- Automated reading of the passport chip
- Form auto-fill: 100% accuracy on the passport information
- Passive liveness check and face matching
Empower your compliance teams:
- Solution compliant with The Philippines regulations
- Complete fraud-proof solution
- Identity information returned with 100% accuracy
- Only focus on suspicious customers
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