The feature automatically screens online sources for negative mentions, such as fraud allegations, lawsuits or regulatory actions, during the identity verification and KYC process. Initiated automatically during the KYC process, the tool scans media sources for potential reputational risks and analyzes the context of any adverse mentions while assessing the credibility of the sources, according to Ondato. The result is an AI-generated summary of any findings, which are displayed directly within the Ondato OS dashboard. Links to the original sources and an automatically generated risk score are provided. The customer’s information is used to identify relevant media mentions.
Source: www.biometricupdate.com