SmartSearch has announced a strategic partnership with Daon to enhance identity verification through the SmartDoc platform.
The collaboration aims to strengthen customer onboarding processes for regulated businesses by integrating Daon’s advanced biometric identity assurance technology into SmartSearch’s existing SmartDoc solution. This will help companies comply with regulatory requirements, combat financial crime and streamline customer onboarding with improved speed and accuracy.
SmartSearch, recognised for its comprehensive digital compliance platform, delivers AML, Know Your Customer (KYC), and Know Your Business (KYB) solutions across sectors such as financial services, legal, property, and accountancy. Its SmartDoc solution combines extensive data from over 200 global sources, AI-powered biometric technology, and advanced authentication methods to validate identities and detect fraudulent activity.
Daon, which protects more than 2bn identities across 230+ countries and territories, is known for its cutting-edge AI-driven biometric verification, liveness detection, and identity orchestration platform, TrustX. The integration of Daon’s technology into SmartDoc will improve the solution’s capabilities, offering an intuitive interface that guides users through ID capture, minimising errors and reducing failed verification attempts.
The combined solution will not only boost first-time pass rates but also eliminate much of the friction typically experienced during onboarding. Businesses will benefit from a more seamless process, allowing them to verify identities swiftly, onboard customers faster, and maintain full compliance with AML, KYC, and KYB regulations, all while reducing reliance on manual document reviews.
SmartDoc’s technology leverages machine learning and Optical Character Recognition to verify the authenticity of ID documents. The addition of Daon’s biometric facial recognition and liveness detection capabilities enables SmartDoc to prevent the use of deepfakes and synthetic identities by confirming that selfies match the provided ID and are captured by real users.
SmartSearch chief product officer Fraser Mitchell said, “Financial criminals are fast, agile and quick to adopt new technologies to conduct and conceal their illicit activities. Businesses in regulated sectors need to be equally armed with cutting edge innovations to fight money laundering and shield their organisation and customers from fraud. This is why we have partnered with Daon, to assist, equip and empower companies in regulated sectors, enabling them to simultaneously fight crime and grow their business with confidence – safe in the knowledge that they are not breaching any of the stringent AML, KYC or KYB regulations they face. With a streamlined user experience, businesses can onboard faster and win customers through trusted identities.”
Daon president for EMEA & APAC Clive Bourke said, “Using identity verification and biometric authentication is key to building trust in the customer onboarding process. We are delighted to have been selected by SmartSearch to provide our identity orchestration platform, TrustX for its SmartDoc solution and look forward to working together to enable businesses in regulated sectors to validate customer identities. Through this partnership, businesses can have peace of mind that they are not just detecting fraud, but preventing it, all while meeting their ongoing AML, KYC and KYB regulatory requirements and reducing the risk of non-compliance penalties.”
The integration with SmartSearch’s full digital compliance suite allows regulated businesses to consolidate due diligence, onboarding, and continuous monitoring on a single platform, ensuring a fully compliant position even as regulatory demands evolve.
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