Compliance made simple.
Grow’s Compliance Engine enables financial institutions to meet regulatory requirements automatically for every new user
How do we use customer data?
We are transparent about how we use data from our software to improve future iterations of our products
Grow is more than happy to expunge any and all Personally Identifiable Information according to your needs, so your customer’s data is never at risk
Grow uses derivative data – anonymized and aggregate data – to improve our software’s conversion rates, usability, fraud and compliance algorithms. We create a network effect with this data so that the services are optimized using the largest and most reliable data set available.
How the Compliance Engine works.
Documentation is collected from the user’s application, including:
Uploaded documents are only required if the credit bureau report and FinSnap data collection fails.
Compliance Engine goes to work.
Based on the documents provided, the user’s identity is automatically verified through the Compliance Engine. Additional requirements can be configured according to your needs.
Required reference numbers for each compliance document can be provided in case of an internal or external compliance audit
View More Features.
Learn more about what The Grow Platform can do