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Liberty Data Solutions, Know your Client


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This is what our data service can do for your KYC needs.

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Liberty Data Solutions, Know your Client

  1. 1. Liberty Data KYC & CIP ID Verification & Fraud Prevention Data Solutions
  2. 2. Corporate Overview <ul><li>Background </li></ul><ul><ul><li>Began as NOBLE Ventures Corp in 1993, Information brokerage & Direct Marketing data. Founded LIBERTY in 2007 reincorporating in Puerto Rico </li></ul></ul><ul><ul><li>Data Compiler & Aggregator of Investigative Data & Public Records since 1993 </li></ul></ul><ul><ul><li>Headquartered in San Juan, PR </li></ul></ul><ul><ul><li>Satellite Office in Palm Coast, FL </li></ul></ul>
  3. 3. Corporate Overview <ul><li>Focus </li></ul><ul><ul><li>LIBERTY Data provides ID Verification & Risk Management Data and mitigates risks by providing access to over 3 Billion Consumer & Business Records for investigations, compliance & screening. </li></ul></ul><ul><ul><li>Our Platform integrates a comprehensive and powerful arsenal of Verification and Customer Identification technologies to create a flexible platform that can be easily customized to meet the client business requirements </li></ul></ul>
  4. 4. Data Arsenal <ul><li>Over 10 Terabytes of Searchable Business & Consumer data housed on Secure Servers </li></ul><ul><li>14 Million EIN & Tax ID file </li></ul><ul><li>355 Million SSN & DOB Records </li></ul><ul><li>41 Databases searchable </li></ul><ul><li>Full Background Reports in Minutes </li></ul><ul><li>Data Searchable on our portal </li></ul><ul><li>Data can be piped direct to you via XML / API </li></ul>
  5. 5. What is KYC & CIP Why Validate ? <ul><li>KYC & CIP REQUIRED by UNITED STATES LAW </li></ul><ul><li>“ Section 103.121 of Treasury’s Financial Recordkeeping and Reporting Regulations (also called the Bank Secrecy Act) requires that financial institutions implement a written risk-based customer identification program, maintain records including customer information and methods used to verify customer’s identities.” (Source: FDIC) </li></ul><ul><li>KYC = Know Your Customer </li></ul><ul><li>CIP = Customer Identification Program </li></ul><ul><li>The USA Patriot ACT Requires validation and verification of: </li></ul><ul><li>SSN, TAX ID Number, Date of Birth and Identity. This is a REQUIRED part of the KYC / CIP provision of the USA </li></ul><ul><li>Patriot Act </li></ul>
  6. 6. Data Arsenal
  7. 7. Liberty Web Search Interface
  8. 8. 3 Legged AML / KYC Stool AML PROGRAM Line of Business Technology Compliance Management
  9. 9. Know Your Customer Verify, Screen & Clear <ul><li>List checking </li></ul><ul><ul><li>Checks names against the following: </li></ul></ul><ul><ul><ul><li>OFAC </li></ul></ul></ul><ul><ul><ul><li>Internal lists: SSN, EIN, DOB, Phone, IP Address </li></ul></ul></ul><ul><ul><ul><li>Other lists: Email Reverse, Bus Profile, Phone Reverse </li></ul></ul></ul><ul><ul><li>Automation of CIP & KYC Process </li></ul></ul><ul><ul><ul><li>100% penetration not possible </li></ul></ul></ul><ul><ul><ul><li>Minimum Human clearance Required for Clearances </li></ul></ul></ul><ul><ul><li>Keys </li></ul></ul><ul><ul><ul><li>False positives choking the process </li></ul></ul></ul><ul><ul><ul><li>Where to stop </li></ul></ul></ul>
  10. 10. Online Order Fraud Reduction
  11. 11. VALIDATION PROCESS Fraud Detection Tools <ul><li>Input SSN (Social Security Number) </li></ul><ul><li>Input EIN (Employer Identification Number) </li></ul><ul><li>Return full match results or… </li></ul><ul><li>Set Pass Fail Standards; flag the fails for Further Review </li></ul>
  12. 12. ADDRESS & PHONE Validation <ul><li>Scan the Phone & Address; validate & cross match address to phone & ip address </li></ul><ul><li>Flag record if non-compliant </li></ul><ul><li>Additional Screens against additional custom databases such as OFAC, PEP, Medical Providers, Pensions, Credit Card CVV, Professional Licenses, Criminal Records & more can be added </li></ul>
  13. 13. Fraud Detection Tools <ul><li>IP Geolocation </li></ul><ul><ul><li>Geolocation is used to identify the geographic origin of an order based on I.P Internet address of the customer’s browser; </li></ul></ul><ul><ul><li>The data returns specific information about the IP address associated with the originating ISP transaction request including: </li></ul></ul>
  14. 14. Fraud Detection Tools <ul><ul><li>IP address </li></ul></ul><ul><ul><li>Country (long and short name) </li></ul></ul><ul><ul><li>City </li></ul></ul><ul><ul><li>Region (State, Province etc) </li></ul></ul><ul><ul><li>Zip Code </li></ul></ul><ul><ul><li>Domain Name </li></ul></ul><ul><ul><li>ISP Name </li></ul></ul><ul><ul><li>Latitude + Longitude </li></ul></ul><ul><ul><li>Time Zone </li></ul></ul><ul><ul><li>Proxies </li></ul></ul>
  15. 15. Largest EIN Database in USA
  16. 16. Data Access <ul><li>Three easy options for Data Access </li></ul><ul><ul><li>Web Access </li></ul></ul><ul><ul><ul><li>Single </li></ul></ul></ul><ul><ul><ul><li>Multi-seats </li></ul></ul></ul><ul><ul><li>XML /API Data Pipe into your systems </li></ul></ul><ul><ul><li>Batch Matches: send us your file, we match back </li></ul></ul>
  17. 17. Thank You <ul><li>Robin Lahiri </li></ul><ul><li>Chief Operations Officer </li></ul><ul><li>[email_address] </li></ul><ul><li>888-996-6253 </li></ul><ul><li>Steve Dendrinos </li></ul><ul><li>Client Relations </li></ul><ul><li>877-777-6305 </li></ul><ul><li>[email_address] </li></ul><ul><li>www.LIBERTYData.Net </li></ul>