VerifiMe for
Fund & Wealth Managers

Your investors can experience a new way to achieve organisational AML-CTF and ASIC compliance levels.

You set the rules. Investors easily share their verified state across multiple investments.

Why VerifiMe?

Your clients can use a digital identity wallet to provide verified credentials to any investment body under their management. With VerifiMe, your customers comply with your rules, empowering you to manage customer compliance effectively.

✅ Shareable

Pre-approved identity or document assessment which can then be reused instantaneously, wherever, whenever and without the need to pull out personally identifiable information and supporting documentation every time.

✅ PII Management Risk Reduced

Service Providers achieve compliance requirements without needing exposure to the underlying customers personal identifiable information.

✅ Full Policy Compliance

The system empowers service providers by offering tailored rules that can be customised to match their compliance policies 100%. Furthermore, it fully automates assessments helping to mitigate risk. 

✅ Eliminate Identity Fraud

Once an identity is claimed and verified across the network the opportunity for rogue actors utilising even sophisticated deep fake techniques is greatly minimised and potential for fraud reduced. Our machine learning and developed AI detects new entrants using the credentials of an established wallet.

✅ Improved User Experience

No matter their location, customers can easily and securely grant permission, or give consent, for their verified state to be used by a service provider. This seamless process respects the sanctity of the customer’s identity, offering an improved user experience.

✅ Lower Costs

VerifiMe offers a centralised system for customer updates, benefiting all parties involved. Coupled with automated compliance assessments, this system not only lowers the cost of compliance but also eliminates duplication, saving service providers both time and money. With VerifiMe, there are no lock-in contracts or set monthly fees. You only pay when a customer grants permission for their verified state to be used per your rules.

Benefits for a Chief Risk Officer (CRO)

VerifiMe equips the CRO with the tools and insights necessary to proactively manage regulatory compliance, mitigate risks, and safeguard the company's reputation and financial stability in the Australian regulatory landscape

  • VerifiMe provides real-time monitoring of investor compliance activities, allowing the CRO to identify any potential compliance breaches or risks promptly.

  • The software generates automated alerts and notifications for compliance issues, enabling the CRO to take immediate action and mitigate risks effectively.

  • VerifiMe ensures compliance with Australian regulatory requirements by tracking and implementing the latest regulatory changes, reducing the risk of non-compliance penalties.

  • By automating monitoring processes, VerifiMe improves efficiency and reduces operational costs associated with manual compliance tasks, enabling the CRO to allocate resources more effectively.

  • The software generates comprehensive reports and analytics on compliance metrics, trends, and patterns, empowering the CRO to make informed decisions and develop proactive risk management strategies.

  • VerifiMe provides a centralised platform for tracking compliance activities and documentation, promoting transparency and accountability across the organisation.

  • VerifiMe is scalable and adaptable to accommodate company growth and regulatory changes, ensuring long-term compliance and risk management effectiveness.

Get started in 4 steps

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    1. Configure your rules

    We set up your customer console. You can then configure your AML/KYC rules and any other compliance templates for assessment e.g. need to meet the investor face to face or collect a complying sophisticated investor certificate.

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    2. Onboard with ease

    Begin inviting customers, whether they are individuals or complex family trusts, super funds, to use VerifiMe. You can do this directly from the customer console or by integrating access to VerifiMe into your current online process.

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    3. Access real-time understanding

    Review customers on boarded in real time, understand assessments triggered and residual risk outcomes that may need to be resolved. Add notes to assess for enhanced due diligence and record interactions for future reporting.

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    4. Achieve ongoing obligations

    Risk assessments may set tasks for ongoing due diligence, or you can request reassessments as and when required across all customers or a select group, based on identified needs. Customers are reminded to update their documents, benefiting all parties they have granted consent to. For example an updated wholesale certificate will benefit all service providers who have been permissioned by the customer.

Customer controlled compliance made easy with VerifiMe

Book a demo today to see how VerifiMe can transform your fund management compliance requirements.