Launch year: 1999
Country: France

Vialink, the Regtech needed for a KYC360° solution

Concept description

Vialink is a KYC RegTech and a SaaS partner and provider of outsourced services on the digitisation of regulatory business processes. Its solutions aim to automate, secure and make reliable customer journeys on all channels. This Fintech received the “Grand Prix Banque et Innovation” 2018.

With Vialink, it is possible to digitise subscriptions, control risks and automate exchanges via three solutions:

  • Vialink KYC: Analyse in real time the completeness and compliance of customer, partner or supplier files
  • Vialink Sign: Digitalise contractualisation through a dedicated platform
  • E-Cautions & E-Chantiers: Facilitate the issuance of guarantees and the grouping of specific accounts

Value proposition

The Vialink solutions are based on technologies such as OCR, AI, Neural Networks allowing a complete analysis of the customer file, far beyond the identity control in the process.

Vialink’s KYC solution offers the possibility to:

  • Gain operational efficiency thanks to the automation of the controls of :
    • supporting documents required at the start of the relationship (account opening, financing)
    • processing of income
    • the profile of the individual (PEP, list of international sanctions)
    • checking for inconsistencies between documents provided
  • Strengthen, therefore, risk based approach of KYC controls
  • Fight fraud and limit the risk of non-compliance despite a rapidly changing regulatory environment
  • Guarantee the complete auditability of the controls carried out thanks to a certified and dated control report

From a quantitative point of view:

  • Improvement in fraud detection rate of 60%
  • Saves 10 minutes to open an account
  • 100% completeness and compliance

Advantages for customers:

  • Simplified customer journey: no duplicate entries for data already present on supporting documents
  • Better visibility of data provided to facilitate consent (GDPR)
  • Digitisation of the file allowing continuous modifications if necessary : Quick execution of modification if needed by the client

Illustration (Video)

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