4.72.02 - FIC integration & Client Due Diligence

August 2024

Mobiloan has significantly bolstered its fraud prevention capabilities with the latest integration of FICA measures. This advancement is designed to protect against approving loans for sanctioned individuals and enhance overall compliance.

Key New Features Include:

• Client FICA Registrations: Ensures thorough verification of client identities.

• TFS List Screening: Provides checks against Terrorist Financing Lists.

• KYC Reports: Delivers comprehensive Know Your Customer reports.

• New Client Due Diligence (CDD) Process: Implements a robust process for assessing client risk.

• New FIC Result Evaluation Rights: Grants rights for a detailed evaluation of FIC results.

• Full Compliance with FICA and KYC Practices: Guarantees adherence to regulatory standards.

For more information on Mobiloan's FIC Integration and the background of FIC, click the link below.

FICA | User Guide

Introduction to FICA in Mobiloan

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Enabling the FIC Integration in Mobiloan

1. Access System Settings: Navigate to Setup >> Config in Mobiloan

2. Locate FIC Integration Settings: Find the section dedicated to FIC integration configuration.

3. Enable FIC Integration: Select the checkbox labeled "FIC Required" to enable FIC checks.

Remember to provide training to relevant staff members on how to interpret and respond to FIC alerts.