Address Validation Software for KYC and AML Checks

One of the most basic requirements of KYC and AML checks is to verify an individual's address. This will help businesses avoid fraud and ensure due diligence is done. Cognito's address validation solution leverages trusted data sources to validate customer addresses. The solution also makes imperfect data usable by finding connections to structured data. With this software, businesses can easily identify and avoid fraudulent customers. The benefits are many.


Besides ensuring high data quality, address verification also improves the customer experience. For instance, flower delivery company Bloom and Wild implemented type-ahead address verification, which not only improved delivery rates but also created a great customer experience. Another example of address verification is used by insurance company Homelyfe. These companies all have a common goal: to improve the customer experience. And by ensuring that data is accurate and up-to-date, businesses can avoid errors and avoid unnecessary costs.

In addition to address verification, other applications are available for bulk mailing. Xverify, for instance, allows users to upload a CSV file and verify addresses. It claims to have a turnaround time of an hour or less. The software is user-friendly and has features such as city/state pre-fill and built-in auto-correction. In addition, Xverify offers marketing integration, accurate segmentation, personalization, and website integration.

SmartyStreets is a software company based in Utah that provides address validation and geocoding services. It does not have marketing integration capabilities but has an impressive address validation and geocoding database. SmartyStreets has three address validation options, including automated data extraction. It automatically converts address entries into proper USPS format and offers a copy/paste process. It also has a reliable customer support team. Another plus is that SmartyStreets' response time is ridiculously fast. The software claims to be faster than other address verification solutions, with a sub-millimeter response time.

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