Don't Risk. Know.

We’re in a new era of fast-paced online financial engagements, with global digital payments expected to reach US $14.79 trillion by 2027.

But that’s also opened a world for fraudsters to capitalise on businesses’ and customers’ vulnerabilities. Account takeovers, identity theft and other fraud have steadily climbed. As a result, customers expect best-in-class security to protect their online accounts and engagements, in addition to their increasing demands for 24/7 services and real-time transactions.

AcuityTec is emerging as a beacon of innovation, with its technology suite answering the digital-age demands for automated know your customer (KYC) and adaptive fraud defence. Since its conception in 2011, AcuityTec has been passionate about providing future-proofed protection that wraps around every online engagement and transaction, end-to-end with market-leading KYC and risk mitigation.

“It’s not just about knowing who your customers are or verifying their transactions; it’s about going that extra level to harness data with leading technology advances to stop fraud before it occurs,” says Alfredo Solis, Senior Director at AcuityTec.“Our platform harmonises data with advanced and adaptive fraud defence so businesses obtain efficiency, flexibility and enhanced customer trust for success and sustainability in our global fintech evolution.”

The cornerstone of AcuityTec’s platform is its multi-level data aggregation capabilities, aggregating information from multiple sources but without multiple integrations and increased operational costs.

In an era where data is of prime importance, AcuityTec’s platform provides businesses with a 360-degree view of their customers.

Solis adds: “Compiling and analysing data efficiently isn’t just an advantage, it’s a necessity. Our technology counters the fragmented nature of traditional risk analysis and provides a holistic data and customer behaviour view. Ensuring faster and more accurate insights, powered by data synergy is critical in a financial industry rapidly moving towards global digitalisation.”

In this transition, KYC can no longer be a one-time endeavour or with limited use. The ever-changing regulatory infrastructures worldwide and the changing tactics of financial fraud necessitate a shift to perpetual KYC (PKYC) for continuous protection and risk mitigation.

“Our data orchestration hub provides a suite of KYC verification services, readily available to be assigned to various workflows of customer journeys, from onboarding to transactions, even to the region or the payment method utilised, ensuring businesses have precise, accurate, ongoing identity proofing to safeguard revenues,” explains Solis. “All while, it allows our customers to remain agile amid shifting regulations for a seamless transition from periodic reviews to dynamic, ongoing customer assessments for perpetual compliance.”

The speed at which financial transactions occur has also seen a revolutionary shift, echoing the market’s cry for real-time payments. AcuityTec’s platform meets this demand with real-time data processing capabilities, positioning it at the forefront of an industry that can no longer afford to be static.

Solis adds: “We live in a world that values immediacy. Real-time payments require real-time risk assessment and our platform offers businesses the toolsets to meet compliance and fraud prevention requirements while upholding customer expectations for instant services.”

AcuityTec employs state-of-the-art risk analysis algorithms that adapt to emerging threats. Through a robust risk rules engine with endless configurations and machine learning, rich customer profiles are established with baselines for safe and secure transactional behaviour. Data is automatically processed, analysed and orchestrated for legitimate users’ expected patterns – such as their usual transaction sizes, payment method, and even the times of day that they are most active.

“Our risk algorithms learn from the data, making our fraud defence proactive rather than reactive,” says Solis.

“Customer behaviours, trends, patterns, and account associations are continuously monitored in real time for enriched fraud insights to confidently and efficiently mitigate fraud. It can spot potential risks and dynamically request additional verifications, pause a transaction prior to sending it to the processor, or issue alerts for manual intervention before something escalates into a real problem, ensuring a secure, yet fluid, customer experience.”

Moreover, AcuityTec’s technology has no geographical limitations. The company offers an extensive KYC data hub for businesses worldwide, ensuring optimal data coverage and performance on a global scale. “We are not just another technology provider; we are a partner in your business, ensuring that you get the best data coverage and performance, no matter where you operate,” Solis points out.

AcuityTec is an agile, end-to-end solution for modern online financial challenges. The marriage of innovative features, such as multi-level data aggregation, perpetual KYC, and real-time data processing with advanced risk analysis, machine learning, and logic associations, makes it a comprehensive ecosystem that’s designed to meet the online financial future head-on. Solis concludes: “We are not here to adapt to the market; we are here to set the benchmark, as AcuityTec continues to position itself at the forefront of the fintech revolution.”

About AcuityTec
AcuityTec is a leading provider specializing in global KYC, KYB, compliance and advanced fraud defence with real-time monitoring all through a single API. From onboarding to verifying and monitoring transactions, customize your end-to-end risk mitigation for unparalleled fraud protection to secure customers, and safeguard revenues.

For more information, Book a demo or contact a sales representative at sales@acuitytec.com today.