How they describe themselves & their product/innovation: DocFox is a web application which automates KYC/FICA compliance and ongoing due diligence for financial institutions. DocFox works for any FI, servicing any client base, whether it’s a complex offshore structure, people or companies. We take what has been a traditionally undisrupted, stale and manual process and digitise it with automated features. DocFox is comprised of 4 modules: Document Collection and Verification; Sanctions Screening and Adverse Media, Risk Rating and Bank Account Verification. One of the unique aspects of DocFox is that we bring these 4 modules into one system – all of it delivered through a beautiful and easy-to-use experience.
Product distribution strategy: Direct to Business (B2B)