Our Journeys & Products

Modified on Fri, 16 Aug, 2024 at 9:55 AM

An Overview of our Journeys & Checks

This article aims to give you an overview of our products, checks and additional features, as well as our common pre-built journeys. At Credas we offer our products in two distinctive ways:

1. Through pre-built journeys that encompasses different checks which can be sent out to your clients to complete, for example our Identity | Address | International Screening journey.

2. Through one-off data checks that you can run manually without anything being sent to your clients, for example our Address & Mortality data check.

Our Journeys:

Please see the below overviews for our most common journeys:

Identity | Address | International Screening: Our Enhanced AML journey which will run Identity Verification (biometric document + liveness), UK Address & Mortality, International PEPs & Sanctions.

Identity | Address | International Screening - International: Our Enhanced AML journey for international clients which will run Identity Verification (biometric document + liveness), UK Address & Mortality or a Proof of Address document, International PEPs & Sanctions check.

Source of Funds - Source of Funds is a questionnaire, calculator & tracker that gathers evidence from your clients, so you know where their funds are coming from. Within Source of Funds your clients will be presented with the option of uploading bank statements or connecting to their bank via Open Banking.

Safe Harbour | Address | International Screening | Vendor: Your clients will be asked to provide the documents required to meet Safe Harbour standards, we will verify the individuals passport before you are then presented with the information required for you to check against Safe Harbour standards. Safe Harbour standards can be found here. To meet Safe Harbour standards for vendors, two linking documents will also be asked for.

Safe Harbour | Address | International Screening | Purchaser: Your clients will be asked to provide the documents required to meet Safe Harbour standards, we will verify the individuals passport before you are then presented with the information required for you to check against Safe Harbour standards. Safe Harbour standards can be found here.

Right to Work: We will verify the individual against the 'Digitial Identity Trust Framework' and gather the information required for you to confirm an individual's RTW status. For this check, your client will need a UK/Irish Passport or a sharecode.

Right to Rent: We will verify the individual against the 'Digitial Identity Trust Framework' and gather the information required for you to confirm an individual's RTR status. For this check, your client will need a UK/Irish Passport or a sharecode.

Our checks:

Biometric Identity Verification

Our Identity checks cover 2,500+ documents over 195 countries. For a full list of the documents that can verified via our checks, please click here. Our Biometric Identity Verification check is made up of the below checks:

Liveness Verification: A liveness verification confirms that the individual is a real and present person and not a photo of a photo. Our technology can detect movement within the selfie to confirm a 'Passive Liveness' result or alternatively, will ask for a second selfie whilst performing an action such as touch the nose to confirm they are a real and present person.

NFC Scans: NFC stands for Near Field Communication. Our software can scan the NFC chip within an passport to read the biometric data to confirm its validity.

Visual Analysis: Our software scrutinises the ID document against a high level of authentication checks. These elements are automatically extracted using OCR (optical character recognition) and are checked using algorithms to verify the composite checksum digits, expected date ranges etc. to confirm the documents validity.

Facial Match: We confirm the person in the selfie matches the person in the photo ID using facial recognition technology. In addition to biometrics, our facial recognition technology also captures traditional algorithms to identify facial features and landmarks from the image of the face. If both the selfie and photo image is clear, the system will analyse the shape and size of the individuals face, inline with the position of their eyes, mouth and ears to confirm a match.

Name Match: Name check confirms the name on the invite matches the name on the ID document.

Age Validation Result: This checks whether the date of birth on the identity document confirms the holder to be at least 16 years of age.

Police Record: This checks the Metropolitan Police ‘Amberhill’ database to determine whether the document has been recorded as lost, stolen, or compromised.

Compromise Alert: This checks national databases of reported compromised documents.

Repeated Attempts: This checks whether the document has been submitted before but with different information (e.g. same face and passport number, but different date of birth).

Address, DOB & Mortality

Our Address & Mortality checks will check your clients name, address & DOB against Credit Reference Agency & Electoral Roll sources to confirm their address. Your clients name & address will also be checked against the UK deceased person's record. We have different address profiles (pass parameters) that can be set up to your specification. These can be found here.

PEPs & Sanctions

We offer a selection of different checks that can be included in your PEPs & Sanctions checks:

International PEPs: Your clients name & DOB will be checked against International & domestic PEP databases.

International Sanctions: Your clients name & DOB will be checked against international & domestic sanction databases.

Adverse Media: Evidence that an individual has been reported & involved in financial crime from global newspapers, news sites or other verified media.

Disqualified Director: Evidence that individual has been disqualified as acting as a director of a UK company, sourced directly from Companies House.

Law Enforcement: Evidence of official documentation from Law Enforcement bodies such as the Police or any other agency such as Interpol or the FBI.

On-going Monitoring: Automatically re-run PEP & Sanction checks of individuals for a period of your choosing. This includes regular checks and updates to verify that no new risks or issues have arisen that could impact the transaction.

Bank Account

You can run a one-off data check on your clients which will check their name and address against the bank account details provided.

Proof of Ownership

We offer three checks as part of Proof of Ownership:

Proof of Ownership: Confirms whether your customer is listed on the Title Register and whether the property is held in sole or joint ownership.

Title Register: Provides a copy of the Title Register to determine full ownership details, lease lengths and any restrictions.

Land Registry: Provides a copy of the Title Register and the Title Plan, including boundaries.

Open Banking

Open Banking checks are automatically included in our Source of Funds Questionnaire but can also be used on its own. Open Banking allows your client to quickly and easily connect to their bank account(s), giving you six months worth of data including affordability, income and expenditure reports.

Additional Features:

Masterlist

Masterlist is a different viewpoint to see all of you checks. It offers users who are part of multiple user groups the ability to see a full list of individuals within the user groups they are assigned to. This will help find clients and view their checks.

Dashboard

We offer a dashboard that allows you to see a high-level view of your portal such as viewing how many checks have been sent out, what Identity Documents your clients are submitting and more.

Branding

We offer the ability to fully brand your portal as well as your email & SMS invites to clients and the app your clients will see when completing their checks.

Credas+

We offer Credas+, a fully managed compliance service offering fully remediated AML & ID checks. For more information on Credas+ please click here.

Companies Check

Credas offers the ability to run 'Company Checks' using the direct integration with Companies House.

Got any questions?

If you have any questions please reach out to the Credas support team by logging a support ticket using the 'Submit a Ticket' button at the top of the knowledge base.

We are committed to continually improving our support resources for you. We would greatly appreciate your feedback below to help us enhance your experience.