Know Your Transaction Service (KYT)
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Youverify's Know Your Transaction (Transaction Monitoring API) is a powerful tool that helps businesses stay compliant and mitigate risks associated with financial transactions. With this API, you can seamlessly integrate transaction monitoring capabilities into your existing systems.
Key Features:
Create Clients: Easily create and manage client profiles within your system, ensuring accurate and up-to-date customer information.
Evaluate Transactions: Monitor and evaluate transactions in real-time, leveraging advanced risk assessment algorithms to detect potential fraudulent activities or suspicious patterns.
Automated Screening: Automatically screen transactions against sanction lists, watchlists, and other regulatory databases to ensure compliance with relevant laws and regulations.
Customizable Risk Rules: Define and configure customized risk rules tailored to your business's specific requirements, allowing you to fine-tune the monitoring process.
Comprehensive Reporting: Access detailed reports and audit trails, providing valuable insights into transaction histories, risk assessments, and compliance adherence.
Seamless Integration: Utilize RESTful APIs and comprehensive documentation to integrate the Transaction Monitoring service into your existing applications and workflows with ease.
With Youverify's Transaction Monitoring API, you can proactively identify and mitigate risks, enhance compliance efforts, and provide a secure and trustworthy experience for your customers. Empower your business with robust transaction monitoring capabilities and stay ahead of evolving regulatory landscapes.