Documents in Privdrm?
Know Your Client (KYC) procedures are a critical function in establishing customers’ identities and understanding the nature of their activities.
In PrivDRM, we implemented a document-based identity confirmation process that is secure, reliable, and necessary for meeting KYC obligations.
You’ll be able to create a custom registry of documents for each business relationship. This registry will have a listing of the documents that are required for compliance and KYC validation.
What if a document has an expiration date?
Some documents, such as passports, have expiration dates and may not be valid for KYC. For this reason, it is possible to create documents types with expiration dates and reminders that eventually show under the Alerts Sections.
Once the expiration date has been reached, the document will be required for compliance again and your client’s compliance score will automatically be adjusted.
Which document file types can I use?
PrivDRM supports various file types such as:
- JPG, and more.