Underwriting ScanX - Advanced risk assessment for merchant onboarding
Streamline your merchant onboarding process with AI-powered risk assessment, automated decisioning, and comprehensive compliance checks.
Powerful features
Our Underwriting ScanX platform provides everything you need to assess and manage merchant risk effectively.
Automated Risk Assessment
AI-powered risk scoring that evaluates merchant applications using hundreds of data points for accurate risk profiling.
KYC/KYB Verification
Comprehensive identity verification for both individuals (KYC) and businesses (KYB) with document validation and biometric checks.
Fraud Screening
Detect potential fraud during the application process with checks against global watchlists and fraud databases.
Compliance Monitoring
Ensure ongoing regulatory compliance with automated checks against AML, sanctions, and industry-specific requirements.
Decision Engine Customization
Tailor underwriting criteria and decision workflows to match your specific risk appetite and business requirements.
Continuous Merchant Monitoring
Ongoing risk assessment of existing merchants to identify changes in risk profile and potential compliance issues.
Tech stack
Our Underwriting ScanX platform is built on advanced technologies for accurate risk assessment and compliance.
Data Sources
Credit bureaus, Business registries, Watchlists, Banking data, Alternative data
AI & Analytics
Machine learning models, Predictive analytics, Anomaly detection, Risk scoring
Verification
Document OCR, Facial recognition, Digital identity verification, Business validation
Compliance
AML/KYC/KYB, Sanctions screening, PEP checks, Industry-specific regulations
Workflow
Automated decisioning, Manual review queues, Approval workflows, Exception handling
Integration
APIs, Webhooks, CRM integration, Payment gateway connectivity
Business benefits
Our Underwriting ScanX platform delivers tangible results for your business.
Faster Merchant Onboarding
Reduce onboarding time from days to minutes with automated decisioning for low-risk applications.
Reduced Fraud Losses
Identify high-risk merchants before onboarding to prevent potential fraud and financial losses.
Enhanced Compliance
Stay compliant with evolving regulations through automated checks and continuous monitoring.
Operational Efficiency
Reduce manual review workload by up to 80% with intelligent risk-based routing and automation.
See it in action
Here's how a real business implemented this solution and the results they achieved.
PaymentHub
Payment facilitator onboarding 500+ merchants monthly
The Challenge
PaymentHub was experiencing significant growth but their manual merchant underwriting process couldn't keep pace. Merchant onboarding took 7-10 days, causing applicant abandonment and revenue loss. Their risk team was overwhelmed, and compliance issues were increasing due to inconsistent evaluation processes.
Our Solution
We implemented our Underwriting ScanX platform with these key features:
- Automated risk scoring with customized risk thresholds
- Digital KYB/KYC verification with instant identity checks
- Risk-based approval workflows with straight-through processing
The Results
- Onboarding time reduction
- 89%
- Manual review cases
- -76%
- Fraud losses
- -42%
"Underwriting ScanX transformed our merchant onboarding process. What used to take over a week now happens in hours or even minutes for low-risk merchants. Our risk team can focus on truly complex cases instead of routine applications. The compliance automation ensures we're meeting all regulatory requirements consistently, which has significantly reduced our audit findings."
— Jessica Liu, Risk Management Director
Ready to streamline your merchant onboarding?
Our team of risk assessment experts is ready to help you implement the right solution for your business.