Digital KYC

Digital KYC 

1. Application Programming Interface (API) This API gives businesses that are required to FICA, (https://www.fic.gov.za/Pages/Home.aspx) their customers, the ability to digitally draw and compare identity data against the Department of Home Affairs’ verified data and the address that the consumer declared to you against data obtained by creditors that are SACRRA (South African Credit Reporting  Association) members, which includes banks, telecommunication companies, large retailers, furniture stores, etc.
2. The KYC API uses an intelligent algorithm to allow minor spelling and differences in the construct of the address to filter and compare the input data against that found on the SACRRA member database.
3. If no matches are found, the verification will fail using an exception rule.
4. If matches are found, the creditors where the matches are found will be listed, for example, Matches found at “Edgars, FNB, MTN and Standard Bank”. This is then considered a verified address match to satisfy the requirements of FICA.
5. Consumer Details a. ID Number – South African ID Number
6. Surname – Consumer’s Surname
7. Enquiry reason – FICA|Tracing
8. Your Reference – Unique transaction reference (your own)
9. Match Criteria - Use to match your inputted info a. Address - One-line sentence of the address starting with;

             i. Street Number

            ii. Street name

            iii. Suburb

            iv. City.

    10. Date Range –You can specify your acceptance criteria for the of the age of the records to compare against, for example;

                                                                                i. If you do not want your input data to be compared to creditors data                                                                                            older than six months, the date range will be 6.

                                                                                ii. This can be the number 1 to 36.

     11. Minimum Match – You can specify your criteria for a successful verification in relation to the number of times the address            must be found, for example;

                                                                                i. If you require the address to be matched to at least three other creditors,                                                                                    the minimum match will be 3.

                                                                                ii. This can be the number 1 to 10.

    12 Developers portal for Json - https://www.veriid.com/PBVerify/webservice/image-sadl-decoder/