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Financial Services

Finance Industries
Financial Services

Empowering Financial Services with Anti-Money Laundering (AML) Compliance

Seamlessly Meet Regulatory Requirements and Safely Onboard Customers

Common Industry Pain Points

Lack of accuracy

Financial institutions in Malaysia using International screening providers do not have enough local databases to generate accurate results. Since more than 95% screened are Malaysians, this limits their effectiveness. The database used by international providers is without robust local data, and the system's efficacy is greatly compromised. It's like digging for diamonds in a gold mine.

Local support

Lack of local support from international providers is a common pain point for many Malaysian customers. Generic solutions offered by these providers often fall short in addressing the specific nuances of the Malaysian market.

Affordability

Affordability is a common pain point for Malaysian companies dealing with international providers. Their solutions often come with high costs that don't align with local budgets.

Navigating Financial Services Complexity

The financial services realm is vast, with institutions grappling with rising fraud and stringent BNM regulations. Efficient vetting of customers and loan applicants is crucial to mitigate risks. However, relying solely on international risk screening can miss critical local data, impacting the precision of risk management.

Recommended Solutions

Risk Check

Instantly flag customers and monitor them against our comprehensive database, including criminal records, sanctions lists, watchlists, politically exposed persons, adverse media, and more.

e-KYC

Verify the authenticity of customers, ensuring they are who they claim to be, to meet stringent compliance requirements.

Benefits of Using HaloCheck Solutions

Powerful Malaysian Criminal Database
HaloCheck's Risk Check provides a powerful Malaysian criminal database spanning 30 years, helping you identify potential risks and safeguard your organization.

Confident Risk Mitigation
Backed by our extensive proprietary criminal database, we offer confident risk mitigation, serving as your first line of defence.

Effortless Regulatory Compliance
Our tool offers effortless regulatory compliance with affordable and user-friendly solutions, helping you navigate complex frameworks.

Instant and Affordable Screening
HaloCheck's Risk Check is the only Instant Screening solution in Malaysia, providing instant and affordable background checks accessible via desktop, mobile, and API anytime, anywhere.

Elevating Assurance in the Financial Sector

With HaloCheck's trio of Risk Check, Community Reference Check, and e-KYC, financial institutions in Malaysia are empowered to bridge local data gaps to enhance screening accuracy, gain community insights, and ensure robust digital identity verification. This comprehensive approach not only fortifies defences against risks but also streamlines the onboarding process, reinforcing compliance and trust in the ever-evolving financial landscape.

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Other industries

ALL INDUSTRIES

Retail & eCommerce

Elevate your hiring quality and enhance the safety of your retail operations and assets.

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Sharing Economy

Comprehensive Identity Verification and Risk Mitigation Solutions for the Sharing Economy Industry

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Mobility

Comprehensive Identity Verification and Risk Mitigation to address the Mobility Industry's Key Challenges.

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Retail

Industries Retail & eCommerce
Retail

Identify Red Flags Early, Hire with Confidence

Elevate your hiring quality and protect your business from misconduct, pilferage and deceit.

Common Industry Pain Points

Pilferage

Safeguard your merchandise from pilferage and minimize losses within your retail operations.

Shrinkage

Effectively mitigate shrinkage and reduce the risk of inventory loss within your retail environment.

Violence or Abuse

Ensure the safety of both employees and customers by proactively addressing the risk of violence or misconduct.

Scaling the Retail Industry Amidst Manpower Challenges

As the retail industry scales and grow, the need for good manpower to help scale is essential to its success. Amidst this growth, challenges such as pilferage, inventory shrinkage, and safety concerns pose hurdles to its success.

Recommended Solutions

Risk Check

Conduct instant criminal checks against comprehensive databases, including criminal records, official blacklists, watchlists, and sanction lists. Ensure regulatory compliance and minimize potential risks within your retail operations.

Community Reference Check

Gain exclusive access to blacklists from other retailers, allowing you to check if an individual has a history of misconduct, violations, or unethical behavior. Leverage collective red flags to enhance security and protect your retail environment.

Benefits of Using HaloCheck Solutions

Reducing Losses from Employee Theft and Fraud
Community Reference Check (CRC) enables retailers to access blacklists from other companies to detect red flags and identify high-risk individuals with a history of misconduct and violations. By cross-referencing potential employees or customers against these lists, retailers can make informed decisions and avoid hiring or engaging with risky individuals.

Contributing to be Betterment of the Business Community
CRC allows retailers to screen potential customers against blacklists, ensuring a safe environment for other customers and staff. Identifying customers with a history of abusive behavior or violations helps prevent potential incidents of violence or abuse.

Gain Exclusive Access to Other Organisations' Internal Blacklist
Retailers can upload their own company's blacklist of individuals who committed crimes or violated company policies onto our CRC’s peer-to-peer platform. This helps warn other companies' recruiters and deters bad actors from engaging in fraudulent activities.

Revolutionizing Retail Hiring Using Peer-to-Peer Insights

HaloCheck streamlines the hiring process for the retail industry with its comprehensive risk screening solutions. By quickly spotting potential red flags, we help businesses securely bring onboard the right individuals.

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Other industries

ALL INDUSTRIES

Financial Services

Seamlessly Meet Regulatory Requirements and Safely Onboard Customers

READ MORE

Sharing Economy​

Comprehensive Identity Verification and Risk Mitigation Solutions for the Sharing Economy Industry

READ MORE

Mobility

Comprehensive Identity Verification and Risk Mitigation to address the Mobility Industry's Key Challenges.

READ MORE
Continue reading

Sharing Economy

Industries Sharing Economy
Sharing Economy

Build Trust in the Sharing Economy: Empowering Secure Experience

Comprehensive Identity Verification and Risk Mitigation Solutions for the Sharing Economy Industry

Common Industry Pain Points

Trust and Safety Concerns

Trust is a critical factor in the sharing economy, and businesses often face challenges in verifying the identities of users and ensuring the safety of transactions.

Fraud and Scams

Sharing economy platforms can be susceptible to fraudulent activities and scams, leading to compromising user experience and resulting in financial losses and reputational damage.

Asset Protection

For businesses that involve renting or sharing physical assets, protecting those assets from theft or damage is a significant concern.

Building Trust and Integrity in the Sharing Economy
Imagine a world where individuals and businesses share resources such as rides, accommodations, and skills to maximize value and provide easy accessibility. This forms the core of the sharing economy, where trust is of vital importance. Navigating scams and ensuring safety can be challenging, as even one breach of trust has the potential to destabilize the entire system. Hence, it is crucial that everyone adheres to the rules with integrity and respect, in order to keep the ecosystem thriving.
Recommended Solutions

Risk Check

Run instant checks against comprehensive databases, including local criminal records, official blacklists, watchlists, and sanction lists. Ensure compliance and minimize potential risks within your sharing economy platform.

Community Reference Check

Gain access to blacklists from other sharing economy platforms, identifying individuals with a history of misconduct or unethical behavior. Utilize collective intelligence to enhance security and protect your platform and users.

e-KYC

Streamlined biometric identity verification to authenticate the identity of users to build trust and security within the sharing economy.

Benefits of Using HaloCheck Solutions

Identity Verification
HaloCheck's e-KYC (Electronic Know Your Customer) solution enables businesses to verify the true identity of their users. This ensures that only legitimate and verified individuals are allowed to participate in sharing economy transactions, enhancing trust and security.

Fraud Prevention
With HaloCheck's comprehensive risk assessment tools, businesses can detect and prevent fraudulent activities. HaloCheck cross-references user information against extensive databases, identifying individuals with a history of misconduct or fraudulent behavior.

Peer-to-Peer Reference Checks
HaloCheck's Community Reference Check (CRC) feature allows businesses to access blacklists from other platforms, warning them about users with a history of violations or unethical behavior. This helps sharing economy businesses make informed decisions and mitigate potential risks.

Ongoing Monitoring
HaloCheck's continuous monitoring feature provides updates on users appearing on blacklists or watchlists. This empowers businesses to take immediate action and maintain a secure environment for their users and platform.

Empowering the Sharing Industry through Trust and Verification

Addressing the challenges in the sharing economy, solutions like E-KYC provide secure and quick biometric identity verification, bolstering trust. Risk checks, which scan various databases for red flags, ensure compliance and diminish potential risks. Leveraging community reference checks, including shared blacklists, harnesses collective red flags to enhance security, safeguarding both users and platforms.

BOOK A DEMO

Other industries

ALL INDUSTRIES

Financial Services

Seamlessly Meet Regulatory Requirements and Safely Onboard Customers

READ MORE

Mobility

Comprehensive Identity Verification and Risk Mitigation to address the Mobility Industry's Key Challenges.

READ MORE

Retail & eCommerce

Elevate your hiring quality and enhance the safety of your retail operations and assets.

READ MORE

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