iComply is a regulatory technology (RegTech) company that offers a modular compliance platform designed to simplify and automate anti-money laundering (AML), know-your-customer (KYC), and digital identity verification processes. Headquartered in Vancouver, Canada, iComply serves financial institutions, fintechs, digital asset platforms, and other regulated businesses worldwide.
The platform helps organizations meet global compliance obligations in a scalable, secure, and privacy-focused manner. iComply’s mission is to empower businesses to maintain regulatory alignment while enhancing trust, reducing fraud, and streamlining onboarding. Its solutions are designed to work with multiple jurisdictions and adapt to rapidly evolving regulatory environments.
Whether managing high-volume customer onboarding or conducting enhanced due diligence, iComply’s technology provides the infrastructure for compliant, automated, and efficient identity screening.
Features
iComply provides a suite of compliance tools with extensive capabilities tailored to identity verification and risk mitigation.
Modular Compliance Platform
iComply offers modular tools that can be configured individually or as an end-to-end compliance solution. Each module is built to perform a specific compliance task such as identity verification, sanction screening, or transaction monitoring.
Digital Identity Verification
iComply uses AI-powered facial recognition and liveness detection to verify users’ identities. Users can upload documents and perform biometric checks in real time.
KYC & AML Screening
The platform screens individuals and entities against global sanctions lists, politically exposed person (PEP) lists, and watchlists to identify high-risk individuals.
Automated Risk Scoring
Each user or entity is assigned a risk score based on KYC data, jurisdictional risk, and activity patterns. This allows organizations to apply tiered compliance processes.
Document Authentication
iComply verifies government-issued identity documents across 200+ countries using automated checks to detect forgery, tampering, or expired credentials.
Consent and Data Control
The platform allows businesses to manage user consent and adhere to privacy regulations such as GDPR and PIPEDA. Users maintain control of their identity data.
Blockchain-Enabled Audit Trail
A tamper-proof audit log is maintained using blockchain technology, allowing for transparent, verifiable compliance reporting.
Workflow Automation
iComply allows organizations to build custom workflows based on compliance needs. Tasks like screening, onboarding, and risk scoring can be fully automated.
Ongoing Monitoring
The platform supports continuous KYC with automated updates, re-screening, and real-time alerts for changes in risk profiles.
Global Compliance Coverage
iComply supports compliance across multiple jurisdictions, adapting to local regulatory requirements such as FINTRAC, FATF, SEC, FCA, and more.
Secure Cloud Deployment
The solution is cloud-native, with end-to-end encryption, secure API integrations, and multi-tenant architecture for scalability.
How It Works
iComply works by integrating modular compliance tools into an organization’s customer onboarding and risk management workflows. Businesses can choose the modules they need and deploy them through iComply’s API or dashboard interface.
For identity verification, users are prompted to upload identity documents and perform facial recognition steps. The system authenticates the documents, checks biometric data, and verifies identity in real-time. Users are screened against global sanctions and watchlists, and risk scores are automatically generated.
Once verified, user data is encrypted and logged with blockchain-backed timestamping. Compliance teams can view reports, audit trails, and risk flags via the admin dashboard. Ongoing monitoring ensures that any change in a user’s risk profile triggers alerts and re-verification processes.
The platform allows for automated onboarding decisions, case reviews, and compliance reporting, reducing manual overhead and ensuring scalability.
Use Cases
iComply serves a wide range of use cases for regulated industries where identity verification and compliance are essential.
Digital Asset Platforms
Cryptocurrency exchanges and blockchain companies use iComply for automated KYC/AML onboarding, helping them comply with FATF Travel Rule and other crypto regulations.
Financial Institutions
Banks and fintechs use iComply to verify customers, screen for sanctions, and automate regulatory reporting for AML compliance.
Investment Platforms
Wealth management and investment advisory firms rely on iComply to verify investors’ identities, assess risk, and meet SEC and FINRA requirements.
Payment Providers
Payment gateways and money service businesses (MSBs) use the platform to manage transaction risks and comply with cross-border identity requirements.
Real Estate Firms
Real estate brokers and platforms use iComply to conduct KYC on buyers and sellers, helping reduce fraud and comply with anti-money laundering rules.
Professional Services
Law firms, accounting firms, and consulting agencies use iComply to screen clients before engagement, ensuring ethical and regulatory alignment.
DeFi and Web3 Projects
Decentralized platforms use iComply for identity verification without compromising user privacy or the ethos of decentralization.
Remote Work Platforms
Freelance and hiring platforms integrate iComply for global worker verification, onboarding automation, and compliance with tax and labor laws.
Pricing
iComply uses a custom pricing model tailored to the scale, industry, and regulatory needs of each client. While the website does not list fixed pricing tiers, the following factors generally influence cost:
Number of verifications per month
Type of verification modules used (ID, sanctions, biometrics, etc.)
Integration type (API vs. dashboard)
Geographic coverage and regulatory scope
Volume discounts for high-frequency use
Support and service level agreements
Organizations interested in using iComply can request a personalized demo and pricing consultation.
Strengths
iComply delivers several strengths that make it a compelling solution for organizations needing robust compliance infrastructure.
Modular Architecture
Businesses can choose only the tools they need, enabling cost-effective and scalable compliance solutions.
Privacy-Centric Design
Data privacy and user control are built into the system, helping clients comply with strict data protection laws.
Blockchain Audit Trail
Use of blockchain adds transparency and immutability to compliance records, strengthening audit readiness.
Fast and Scalable Onboarding
Automation and AI-driven verification enable instant onboarding, even during high-volume periods.
Global Compliance Support
iComply covers multiple jurisdictions, making it ideal for companies operating across borders.
Custom Workflows
Organizations can configure rules, decision trees, and workflows to match their risk appetite and internal policies.
Secure and API-Driven
The platform integrates easily with existing systems and ensures enterprise-grade security across all data interactions.
Drawbacks
While iComply is a strong platform, there are some limitations to consider.
No Free Tier
iComply does not offer a free plan, which may limit access for startups with minimal budgets.
Requires Technical Integration
Full API functionality may require developer support, especially for complex environments.
Limited Public Reviews
Being a specialized compliance platform, iComply has limited reviews on mainstream software review platforms.
Focused on Regulated Sectors
The platform is designed for industries with compliance obligations, making it less relevant for general consumer-facing apps.
Comparison with Other Tools
iComply is often compared with other identity and compliance platforms such as Trulioo, Jumio, Onfido, and ComplyAdvantage.
Trulioo and Jumio are strong in ID verification but may lack the blockchain audit trail and modular compliance framework iComply offers.
Onfido provides powerful biometric verification but is more focused on onboarding than ongoing compliance.
ComplyAdvantage is highly focused on AML screening and transaction monitoring but doesn’t offer full digital identity verification.
iComply stands out for offering an all-in-one, modular, and privacy-preserving compliance infrastructure that combines onboarding, screening, workflow automation, and audit in a single platform.
Customer Reviews and Testimonials
While iComply does not publish user reviews on its website, it lists a variety of industry use cases and customer stories.
Clients have praised iComply for:
Reducing onboarding time from days to minutes
Strengthening audit readiness with verifiable logs
Simplifying global compliance processes
Increasing customer trust with privacy-first identity verification
Trusted by companies in digital finance, crypto, professional services, and more, iComply is regarded as a strategic partner for long-term compliance operations.
Conclusion
iComply is a powerful compliance platform that empowers businesses to meet global KYC and AML obligations through modular, automated, and secure identity verification tools. By leveraging AI, biometrics, and blockchain, iComply helps organizations onboard users quickly, reduce fraud risk, and stay audit-ready at all times.
Whether you’re a fintech startup or a global financial services firm, iComply provides the tools and infrastructure needed to navigate complex compliance landscapes with confidence. For enterprises that value data privacy, regulatory alignment, and operational scalability, iComply is a compelling solution worth considering.
