IdentityMind Global
| File:IDM-logo.png | |
| Private | |
| Industry | Financial Software |
| Founded | 28th April, 2014 |
| Headquarters | Palo Alto, California |
| Products | Fraud Prevention,
Anti Money Laundering, Know Your Customer (KYC), Merchant Risk and Underwriting, Sanctions Screening |
|
Number of employees
|
65 |
| Website | www |
IdentityMind Global is a Palo Alto based e-commerce and financial technology company, and is led by Garrett Gafke, who serves as CEO and President. The company provides fraud prevention and risk management services for financial institutions and online merchants. In 2015, IdentityMind Global opened a second office in Spokane Valley, Washington and plans were announced to open offices on the East Coast and in Asia by the end of 2015.[1]
Contents
Overview
IdentityMind Global provides services in risk management, fraud prevention, and anti-money laundering technology for banks and online financial services.[2][3] The company’s core technology recognizes electronic identities based on every attribute associated with a transaction, and how those attributes are validated and relate to one another.[4][5]
Products
IdentityMind Global offers risk management and compliance solutions for online merchants, acquiring banks, payment processors and gateways, payment service providers, digital currency exchanges, and financial institutions.[6][7] Core competencies include:
- Fraud Prevention: Issues recommendations for accepting, rejecting, or manually reviewing transactions.[8][9][10][11]
- Anti Money Laundering (AML): Monitors transactions to detect potentially suspicious behavior.[12]
- Know Your Customer (KYC): Ensures institutions have a configurable Customer Identification Program (CIP) along with enhanced due diligence (EDD) capabilities.[13]
- IGNITE Program for Bitcoin Startups: Provides compliance services in the virtual currency industry, including for the New York State Department of Financial Services (NYSDFS) BitLicense. The company has received widespread recognition for its strong Anti Money Laundering capabilities for virtual currencies, offering Bitcoin Money Service Businesses (MSBs) an effective platform to comply with the requirements of the Bank Secrecy Act and operate legally in the United States.[14][15][16][17][18][19][20][21]
- Merchant Risk and Underwriting: Assesses risk presented by merchants during the on-boarding process, and then provides continuous monitoring and automated alerts.[22][23][24]
- Sanctions Screening: Screens for politically exposed persons (PEP) against government watch lists.[25]
References
- ↑ "The Dirt: IdentityMind Global opens Spokane Valley office" The Spokesman-Review. Retrieved 19 August 2015.
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- ↑ "IdentityMind Augments Coverage of Identity Verification and Introduces Anti-Fraud Support for Affiliate and Mobile Traffic" PRWeb™. Retrieved 19 August 2015.
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- ↑ "IdentityMind Global Receives Safe Harbor Certification and Expands Anti-Money Laundering Solutions for Cryptocurrencies and Money Transmitters Worldwide" PRWeb™. Retrieved 19 August 2015.
- ↑ "IdentityMind Global™ Receives Safe Harbor Certification and Expands Anti-Money Laundering Solutions for Cryptocurrencies and Money Transmitters Worldwide" PRWeb™. Retrieved 19 August 2015.
- ↑ "IdentityMind Global™ Provides Bitlicense Compliance for Digital Currency Administrators, Exchanges, and Traders" CoinDesk. Retrieved 19 August 2015.
- ↑ "IdentityMind Global™ Advises on BitLicense Compliance" Inside Bitcoins. Retrieved 19 August 2015.
- ↑ "IdentityMind Global™ Announces 25th Bitcoin Client, Demonstrating Value of Compliance Platform for Virtual Currency Businesses" PRWeb™. Retrieved 19 August 2015.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
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- ↑ "The DeRisk Survival Guide: Banking High Risk Merchants while Maintaining Compliance" American Banker. Retrieved 1 September 2015.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
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- ↑ "IdentityMind Version 1.20 Delivers Optimized Operations for Financial Crime Analysts and Compliance Officers" PRWeb™. Retrieved 27 August 2015.
