SIM registration software facilitates regulatory compliance
and avoids fraud like SIM swap scam.
SIM registration software facilitates regulatory compliance
and avoids fraud like SIM swap scam.
Telcos in situation of non-compliance on SIM card registration processes risk of being banned
Telcos in situation of non-compliance on SIM card registration processes risk of being banned
The purchase and registration of SIM cards, in most African countries, requires Telecom Operators to collect customer identity and briometric data.
This standard is related to the KYC process (Know Your Customer policy), a legal requirement for TelCos to be in compliance with the regulation of the Telecommunications sector. African Telecom Regulators impose these mandatory standards for Security reasons and Combating Crime and Terrorism measures. In addition to the KYC rule, there is also the AML (Anti-Money Laundry) policy, due to Mobile Money operations.
The digitization of the SIM card registration process effectively ensures the operator compliance and helps in fraud prevention and other risks such as SIM swap scams.
SIM card registration with paper-based processes is a slow, bureaucratic and painful work. The activation times for communication and other services get delayed, which ends up in a terrible consumer experience.
Digital SIM card registration speeds up the entire customer onboarding and service activation to less than 1 minute
The digitization of the SIM card registration process impacts business KPIs too. Manual processes and paperwork are slow. Automation eliminates errors and speeds up all activation processes. In this way, operators are able to increase the number of daily customers and achieve better KPIs in operations.
As a result, you can complete full customer onboarding checks in less than one minute, activate your service in real-time, and guarantee all the KYC regulatory requirements.
Secure & Compliant SIM Registration
Papersoft’s platform is designed for sales teams, stores and agent networks that frequently capture customer data in heavily regulated industries.
With Papersoft’s solution the SIM card registration management becomes much more easier. The software verifies the customer’s identity by validating government-issued IDs or fingertips. Then, after the validation, all the new data goes into the operator back-office for processing and approval.
Why digitize the SIM Card Registration process?
Built from a SaaS platform you can decrease the time costs and increase sales according to AML & KYC regulations.
We partner with local regulators, agencies and international big data suppliers such as Thomson Reuters for PEP; International Sanctions; AML and CTF watch lists controls, ensuring a holistic risk-based approach.
By decentralizing the process, your agents gain mobility to work from a store or at the street near where the customers. Offline enables rover teams to perform activities in remote regions.
Digitize your service and leave behind the paper-anchored process, eliminating all the constraints and errors of human validation.
Activate phone numbers only after validating all KYC requirements for improving your cash flow.
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