KYC Verification for Financial Services

The Solution

VeriRoute Intel provides phone intelligence signals that support KYC verification, including exclusive LRN Activation Date for SIM swap detection.

KYC Phone Signals

LRN Activation Date (Exclusive)

The most powerful signal for SIM swap detection:

Recent port (< 7 days) — High risk during account opening or transactions
Port since last login — Potential account takeover
Stable (> 1 year) — Lower risk, established relationship

Line Type Risk Assessment

Line Type	Risk Level	Notes
Mobile (major carrier)	Lower	Identity verification required for postpaid
Mobile (prepaid)	Medium	Less identity verification
VoIP	Higher	Easy to obtain anonymously

CNAM Verification

Compare registered caller ID against application data:

Name match = positive signal
Mismatch = requires investigation
Business CNAM on personal account = suspicious

Financial Services Use Cases

Account Opening

Verify phone number during new account applications:

def verify_phone_for_account(phone, applicant):
    result = veriroute_lookup(phone, lrn=True, cnam=True)

    risk_score = 0

    # Recent port check
    if result['lrn']['days_since_activation'] < 7:
        risk_score += 30

    # VoIP check
    if result['lrn']['line_type'] == 'voip':
        risk_score += 20

    # CNAM match
    if not names_similar(result['cnam']['name'], applicant.name):
        risk_score += 15

    return risk_score

Transaction Verification

Before high-value transactions, check if phone status has changed:

Port since last known good state?
Step up authentication if suspicious

Account Recovery

SMS-based recovery is vulnerable to SIM swap:

Check activation date before sending SMS codes
Recent port = use alternative recovery method

Regulatory Support

Phone intelligence supports compliance with:

BSA/AML — Customer identification requirements
FFIEC — Authentication guidance
PSD2 (EU) — Strong customer authentication

Document your phone verification procedures as part of your compliance program.

Integration Points

Onboarding: API call during account application
Authentication: Pre-SMS verification check
Transactions: Risk assessment before processing
Periodic review: Batch re-validation of customer base

Enhance Your KYC

Add phone intelligence to your identity verification process.

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The Challenge