Industry challenges
KYC and compliance
Driver licence, passport, Medicare card, proof of address, ASIC extract... every client must be verified under AML/CTF rules.
Credit applications
Payslips, tax returns, contracts of sale: borrowing capacity must be proven.
Anti-money laundering
Verification of fund origins and amount consistency as required by AUSTRAC.
Volume of files
Thousands of files to process with strict regulatory deadlines.
Documents processed
- —Identity documents (driver licence, passport, Medicare card)
- —Proof of address (utility bill, rates notice)
- —Payslips
- —Tax returns (ATO Notice of Assessment)
- —ASIC company extract and ABN registration
- —Contracts of sale
- —Bank account details (BSB and account number)
- —Wire transfer instructions
Automatic validations
- ✓Identity verified across all documents via DVS (Document Verification Service)
- ✓Proof of address less than 3 months old
- ✓Income consistency between payslips and ATO Notice of Assessment
- ✓Borrowing capacity vs requested amount
- ✓ASIC company extract current for business accounts
- ✓BSB and account holder identity consistency
Measured results
80%
time saved
+20%
fraud detected
-50%
processing time