Why Ondato is a Better Alternative
Ondato offers SaaS-based solutions for all of your Anti-Money Laundering (AML) and Know Your Customer (KYC) needs. Providing tools with exemplary accuracy and covering the entire user lifecycle to turn compliance into a benefit, Ondato allows businesses to cut their KYC-related costs by 90%.
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Centralised Hub
With one of the largest product scopes both in terms of the number of solutions we offer and the suitability for the various needs of different industries, Ondato combines all tools in one centralised hub to make adhering to regulations convenient by saving time and resources for any business.
Multi-Jurisdictional Compliance
With Ondato, you can feel secure in following AML regulations no matter the jurisdiction your business operates in. We not only cover 192 countries but also ensure you can easily adapt to any regulation changes. To accommodate all clients, our OCR technology can read over 10 000 document templates, across 186 countries.
International compliance authorities certificates
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FAQ
Ondato offers everything you need for efficient AML practices:
- Identity verification;
- Business onboarding;
- Age verification;
- AML screening and monitoring;
- Due diligence processes;
- Authentication;
- Transaction monitoring (with the help of our partners);
- And more.
Our automated identity verification can be completed in up to 60 seconds, while assisted identity verification, which employs video calls and allows agents to create connections with potential customers, can be completed in less than 3 minutes.
Ondato provides numerous advantages, including but not limited to:
- Compliance: Ensure adherence to legal and regulatory standards through an efficient verification process, promptly responding to any modifications or updates in regulations.
- Risk Mitigation: Effectively identify and mitigate potential risks linked to fraud, money laundering, and other illicit activities.
- Customer Experience: Deliver an optimal user journey for your customers and foster trust by employing a customisable process tailored to your business requirements.
- Streamlined Onboarding Processes: Utilise automation to streamline the customer onboarding journey, encompassing identity verification and ongoing monitoring.
Ondato offers two main pricing models to accommodate both smaller and bigger businesses. Pricing can be based on volume or include a monthly commitment.