Tecalis, the most complete alternative to Mitek

Tecalis stands out for its comprehensive and highly customizable approach to digital identity management and new customer activation. Its platform not only encompasses KYC, KYB and AML-compliant identity verification, but also integrates process automation (RPA), sales and channel management, and unified e-signature under the same platform. Tecalis enables the creation of customized workflows, making it easy to adapt to the specific needs of each business. In addition, its fraud prevention technology has proven to be highly effective, achieving almost 99% effectiveness in fraud prevention and a significant increase in user conversion.

Mitek is known for its robust identity verification and facial recognition technology. The platform uses artificial intelligence and machine learning to provide accurate and fast solutions, mainly in document verification and facial biometrics. Mitek has established itself as a leader in fraud detection such as Tecalis, working predominantly with financial institutions and insurers to improve their digital onboarding processes and comply with current regulations.

While Mitek offers a robust and reliable solution for identity verification, Tecalis goes a step further by providing a multifunctional platform that encompasses more than just identity verification. Tecalis not only complies with KYC and AML verification standards, but also integrates additional functionalities such as process automation and contract management, making it a more versatile and adaptable option for companies looking for an all-in-one solution.

In conclusion, both Tecalis and Mitek are powerful platforms in the field of digital identification and fraud prevention. However, Tecalis offers a more comprehensive and customizable suite of tools, which may position it as a superior option for certain companies looking to maximize efficiency and security in their digital processes.

KYB is the acronym for the Know Your Customer process, which consists of confirming that a user who is going to become a customer, employee, supplier, etc. is who he/she claims to be. To do this, a series of questions (KYC Form), anti-fraud controls and documentation and data checks are performed automatically and digitally to enable the registration or purchase operation. It is mandatory in many industries.

KYB is the Know Your Business process: it consists of carrying out a series of controls and checks that must be performed before starting to work with another business, partner, client-company (B2B) or partner. This model automates all the processes carried out in Due Diligence.

Absolutely, Tecalis recommends merging the signature process with the KYC/KYB process. By doing this and Tecalis acting as a unified platform and process, we obtain a double benefit: the greatest possible regulatory support by integrating everything in the same audit trail and the best user experience avoiding abandonment and friction in the process of registering a new user.

Yes, all the functionalities and tools that you can find on our product pages can be integrated independently to streamline and automate any process. Schedule a meeting with a Tecalis expert and we will analyze your activity to propose a solution 100% adapted in price and operational functionalities.

In the vast majority of markets and regions companies are required to perform these controls and use RegTech trust services provided by QTSPs in order to operate. Standards such as AML6, eIDAS 2 or PSD3 in addition to the requirements imposed by regulators such as SEPBLAC, OFAC or other counterpart bodies demand to perform these Due Diligence procedures on the users you work with. 

In addition, having these systems in place will allow you to operate easily, without large investments and without a presence in +500M markets such as Europe by simply integrating agile and affordable technologies into your digital onboarding processes. On the other hand, you will mitigate any risk and fraud attempts before they occur and increase productivity and streamline the work of previously inefficient or costly teams.

These tools are technology platforms designed to automate identity verification and regulatory compliance. They use advanced technologies such as optical character recognition (OCR) and computer vision to extract and validate information from identity documents or directly from the web and generate reports. They incorporate biometrics, such as facial recognition, to compare document images with selfies in real time, ensuring that the user is who they say they are.

In addition, they integrate data analysis and machine learning to assess the risk of customers and companies, identifying suspicious patterns and anomalies. These tools connect to global databases and public registries to verify the legal existence of companies, clients and the authenticity of documents presented or connect with banks, among many other functionalities and options.