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Compliance & Fraud Prevention

Pair best-in-class fraud prevention technology with fully compliant identification methods to reduce risk.

Navigate regulatory requirements and prevent fraud using best-in-class technology

Unprecedented online and in-branch verification of customer identity to comply with existing regulations and to thwart fraud attempts in a fast and seamless way. We perform regular reviews of customers for PEP and watchlist changes. Any changes in the regulatory environment are addressed ahead of scheduled regulatory deadlines in the best interest of partners all the while keeping a positive consumer experience in mind.

Compliance & Fraud Prevention mobile screenshot.

A 1-stop solution for identifying your clients

Leverage Grow's proven technology that has processed over 50,000 applications without a successful instance of fraud.

Proprietary bank account verification

Confirm that the client has an active account with a Canadian financial institution, return ownership details, and analyze cash flow for signs of fraudulent behaviour.

ID verification & facial recognition

Compare photos of the applicant's ID to photos of their face to validate identity. Meta-data analysis ensures that there aren't irregularities with photos.

Fully compliant

Meet relevant regulations for client identification and ongoing monitoring, including PCMLTFA(R), FINTRAC's guidelines, and OSFI B-8.

Behavioural analytics

Proprietary analysis of applicant behaviour during application to thwart attempts at fraud.

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If you represent a financial institution interested in seeing how Grow’s products leverage technology to offer a more convenient banking experience to your customers, please fill out the form below and you will be contacted as soon as possible! Thank you!

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