Knowledge Base   /   Velocity Country Resolution

How Country Resolution software helps financial institutions?

Posted on 16 February 2022 07:41 pm

The Country Resolution software helps to streamline and disambiguate source country data that helps to understand the risk a country poses. Next, the transactions related to that particular country are monitored and appropriate due diligence is imparted based on the risk associated with the country.

 

In short, Velocity’s Country Resolution software helps to:

       Resolve country data for every individual party present in both customer and transaction data.

 

       Helps in AML compliance monitoring by proper identification of customers and transactions.