About Us
Who Are We?
ESC is a Toronto-based regulatory technology (RegTech) company specializing in Canadian Know Your Customer (KYC) solutions. By automating the process, we help companies in the financial services industry to streamline the identity verification of individuals and businesses in a non-face-to-face environment.
Why are we doing this?
We believe that everyone should have access to online account opening without being pushed into a branch or office to complete the application process. It’s especially important for people with physical and/or locational restrictions, but also convenient for those who are time-restricted and simply don’t have time to meet face-to-face.
On the other side, regulations are in place to prevent fraudsters, identity thieves, criminals and terrorists from anonymously opening accounts online. While regulatory bodies have inherently good intentions to minimize the risks associated with digital onboarding, they can make doing business tricky for companies in financial services; complying with regulatory requirements and providing a frictionless customer experience is no easy feat! With higher consumer expectations than ever before, companies need to focus on building top-of-the-line services and experiences; removing the need for manual verification reduces dependence on the customer to provide documents they may not have readily available and shortens lengthy onboarding times which can lead to customer abandonment.
What makes us different?
At the root of our business, we’re just people helping people; we view our clients as partners, each with individual needs and unique problems to solve. We love helping companies to build their strategy to maximize legitimate applicants and get them through the process quickly; our goals are to eliminate risk and empower growth so that more customers can get access to the financial services they need. When integrating with ESC not only are you getting the digital KYC solutions you need to streamline your onboarding processes, but also the expert knowledge to help you with regulatory compliance. You can be confident that your partner is working hard behind the scenes, making continuous improvements to optimize and enhance identity verification.