News, Portfolio

Enabling A Rational Strategy for “De-risking” Merchant Portfolios and Meeting Regulatory Compliance

IdentityMind platform v1.18 offers financial institutions a practical response to the pressures of recent FDIC guidance regarding the application of the Bank Secrecy Act (BSA). New features include support for Enhanced Due Diligence (EDD) for beneficial ownership, expansion of the third party ecosystem, and improved Know Your Customer (KYC) services to prevent account fraud.