AsiaVerify and Appway today announce a partnership to drive innovation in KYC compliance management and automation.
One of the greatest challenges facing financial services businesses seeking to expand their reach into China is offering credible and comprehensive ID verification; this is often compounded by language challenges. A reliable compliance management solution is necessary to provide access to authorized, in-country primary sources and reliably translated, up-to-the-minute data.
The combination of AsiaVerify’s state-of-the-art, fully translated, real-time verification sourced from the most authoritative government registries across Asia, and Appway’s automated workflows provides our clients with the most streamlined, compliant, and efficient Chinese KYC solutions.
Appway is the leader in onboarding for financial services businesses. Every year more than 1 million new client relationships are created with Appway through the best of breed business solutions based on the expertise gathered over hundreds of deployments worldwide. Appway’s customers are already enjoying the benefits of AsiaVerify’s KYC solutions, listing AsiaVerify as their Asian partner of choice:
“AsiaVerify is offering a deepened level of personal ID verification with direct access to authentic government facilities, and this provides a key added value when it comes to delivering compliant solutions with verified data in the context of Appway’s Onboarding and KYC solutions,” said Orestis Evangelatos, Head of Product at Appway today.
Commenting on the partnership, AsiaVerify’s Co-Founder and CEO Ficoal Dong added, “Appway is the leading global software provider for scalable and reliable business applications. Their award-winning software depends on the provision of up-to-date, reliable data, making this an obvious partnership.”
About Appway:
Appway is the leader in onboarding for financial services businesses. Each year over 1 million new client relationships are created with Appway. Appway offers certified, secure, Cloud-based software for client onboarding, servicing, and reviewing to firms from bespoke wealth managers to the largest global financial institutions.
Appway software is proven to rapidly deliver unparalleled client experiences, a 90% reduction in onboarding time, a 10% increase in margin per client, and a 225% ROI.
Appway builds its off-the-shelf business solutions based on the expertise gathered over hundreds of deployments worldwide – from opening an individual investor account to onboarding a billion-dollar multi-jurisdictional entity. With an extensive ecosystem of partners, Appway allows customers to intelligently orchestrate the full range of client interactions
of any complexity.
About AsiaVerify:
Incorporated in Singapore in April 2019, UNSD Information Technology Pte Ltd, trading as AsiaVerify, is a RegTech company focused on building an automated, simplified and streamlined solution for risk mitigation and compliance systems to increase trust and safety when doing business in Asia.
AsiaVerify’s platform accesses the most authoritative, legally compliant and comprehensive primary sources across APAC, to instantly verify businesses, consumers and shareholders online, all full translated and in real-time.
Our instant verification service allows users to streamline workflows for Know Your Business (KYB), Know Your Customer (KYC), Anti-Money Laundering (AML), Ultimate Beneficial Owner (UBO) and other compliance checks.
