ARGOS August Update: KYC Authentication Service that Secures Security, Regulatory Compliance, and Operational Efficiency All at Once
KYC Authentication Service that Secures Security, Regulatory Compliance, and Operational Efficiency
ARGOS regularly improves its features every month to enhance the speed, security, and convenience of its KYC (Know Your Customer) service. The core of this August update is to strengthen security and regulatory compliance, and increase operational efficiency. In particular, this update includes an ongoing monitoring service to better support AML (Anti-Money Laundering), supports a wider range of workflow designs, and improves security.
Below, we will introduce the main features of this update in detail.
Ongoing Monitoring Update for Compliance Management: KYC Authentication & AML
The ongoing monitoring service continuously re-examines registered users and automatically provides notifications if there are changes in sanctions, PEP (Politically Exposed Persons), or regulatory enforcement lists. While previous KYC only verified identity once, now with continuous monitoring after identity authentication, potential risks can be identified in advance.
Customized Workflow tailored to the client's policy: ARGOS ongoing monitoring goes beyond simply providing screening results; it allows for detailed configuration of the monitoring scope to match the client's policies. Administrators can create Worklists and directly set search cycles (daily/weekly/monthly/semi-annually/annually), AML threshold, and date of birth matching logic. Additionally, users who have completed KYC are automatically registered in the Monitor Record, minimizing manual work.
Efficient Match Result Management: The system performs regular screenings and provides matching results. Compliance managers can review these results to classify them as True-positive or False-positive, and efficiently handle AML tasks. This allows for the systematic management of the EDD (Enhanced Due Diligence) process that was previously done manually, and as data accumulates, more accurate results can be obtained. Furthermore, costs are only incurred upon initial registration, and monitoring is possible for one year thereafter at no additional cost, making it cost-efficient.
With this update, clients can strengthen their regulatory compliance obligations while significantly reducing their operational burden.
Advanced Private Mode for Strong Security
We've advanced the private mode to fundamentally block the reuse of authentication URLs and strengthen security. This minimizes the risk of URLs being leaked externally or sessions being hijacked.
Token-based Access Control: To access the Live-form (real-time authentication screen), a valid, pre-registered Token ID is now required. If the URL does not contain a token or the token is invalid, the KYC process will not start, allowing only authorized users to proceed with authentication.
Flexible and Strong Expiration Policy: Token expiration conditions can be set based on the number of uses or time. For example, a token can be set to expire immediately after one use (use-based) or after a specific time (e.g., 3 minutes). This maintains security without compromising the user experience, as users can continue with the same token within the specified time if they exit during authentication or lose their network connection. A new Token ID must be issued for retries.
Large-scale Token Management Support: Up to 100,000 tokens can be pre-registered via API, and a workflow for deleting expired tokens can be implemented to efficiently manage the total token volume.
This update provides a more reliable authentication experience by reducing unnecessary user drop-offs and blocking security threats from reuse and sharing. When using private mode, you must enter a Token ID! If a user needs to retry, please renew the Token ID.
Added Regional Pre-screening Function for the Global Market
A security feature for dealing with fraudulent global users has been added. This function allows for detailed control over the method of screening users from specific regions based on their IP addresses.
Detailed Policy Settings: Administrators can specify countries to be excluded from screening or set only specific countries as screening targets. For example, countries where VPN use is frequent can be exempted to minimize inconvenience for regular users. Conversely, regions with a high risk of fraudulent use can be designated as screening targets for thorough verification.
This feature allows clients to flexibly apply security policies tailored to the characteristics of each region when operating a global business and protect their business from fraudulent users.
This August update is not just about adding features; it focuses on operational efficiency, enhanced security, and regulatory compliance support. ARGOS will continue to provide a fast, secure, and globally optimized identity authentication environment. We will simultaneously improve regulatory compliance and user experience in an ever-changing regulatory environment.