Your business needs smarter KYC:
Our top 3 reasons why

The convenience of remote transactions is both expected and essential—but with that convenience comes increased risk as fraud schemes become more sophisticated and agile. In response, Know Your Customer (KYC) solutions have evolved beyond a strategic asset, to a critical pillar within any business looking to safeguard operations, meet regulatory demands, and deliver seamless customer experiences. Smarter KYC drives real results—from reduced risk to higher retention and stronger customer trust. Here’s how:

1. Elevating the customer experience: Make onboarding faster, easier, and more trustworthy.

First impressions matter, especially online. For many consumers, onboarding is their first real interaction with a brand. A slow or clunky process can turn them away before a relationship even begins.

KYC solutions remove friction by quickly and accurately verifying customer data. Features like auto-filled forms, real-time validation, and mobile-friendly interfaces lead to faster onboarding, fewer drop-offs, and higher conversion rates.

Beyond ease, strong KYC builds trust. When customers see that a business takes identity verification seriously, they’re more likely to feel secure and continue transacting. That perception of safety translates into loyalty, repeat purchases, and positive word-of-mouth. In a digital landscape where data breaches are all too common, customers want to know their information is protected.

2. Stopping fraud before it starts: Protect your business with proactive identity verification.

Fraud attempts are becoming more frequent and more sophisticated, especially during peak sales periods. KYC processes act as a first line of defense—helping businesses verify real customers, flag suspicious activity, and reduce losses without adding unnecessary friction.

With IDI’s coreIDENTITY™ platform, organizations gain access to real-time identity verification tools and dynamic risk scores that help distinguish legitimate consumers from potential bad actors. Key capabilities include:

Instant identity verification for confident, real-time transactions
Data intelligence to lower false positives and boost approval rates
Proactive fraud signals and scoring based on consumer behavior
Continuous data cleanup and updates from a best-in-class identity platform

When fraud is reduced, so are chargebacks, disputes, and reputational harm. The result? A healthier bottom line and a more resilient business.

3. Driving better business outcomes: Fuel smarter growth through accurate, data-driven insights.

KYC isn’t just about security; it’s also a powerful driver of business performance. Organizations that integrate identity intelligence into their customer workflows report improved conversion rates, higher customer lifetime value, and stronger retention.

That’s because the right KYC strategy helps businesses know their customers better—enabling more personalized service, better targeting, and deeper engagement over time.

Smart KYC is strategic KYC

Implementing an effective AI/ML-driven KYC solution like coreIDENTITY doesn’t just help with compliance—it empowers smarter decision making, builds trust, and accelerates growth. According to McKinsey, AI-powered identity verification can reduce onboarding time by up to 80%, helping businesses convert customers faster and improve satisfaction from the very first interaction.¹ Meanwhile, IBM reports that machine learning can reduce identity verification errors by as much as 90%, helping businesses lower risk and protect their reputation.² In today’s environment, where customer expectations are high and fraud threats are constantly evolving, smarter KYC is more than a necessity. It’s a differentiator.

Learn how coreIDENTITY can strengthen your onboarding, fight fraud, and help you win customer trust.