Reference
Digital Member Onboarding (KYC/CIP) glossary
Terms used in Digital Member Onboarding (KYC/CIP) and its documentation.
Applies to Digital Member Onboarding (KYC/CIP) as it works today. Moraph updates the platform continuously, and this page is reviewed when it changes.
Terms used in Digital Member Onboarding (KYC/CIP) and its documentation.
| Term | Meaning |
|---|---|
| CIP | Customer Identification Program: your institution's written procedures for collecting and verifying a customer's identity before opening an account. |
| CIP record | What is kept for each customer: information collected, verification methods, results, discrepancies and their resolution. |
| Liveness check | A check that the selfie comes from a live person, not a photo, screen or mask. |
| Documentary verification | Verifying identity by examining an identity document, such as a driver's license or passport. |
| Non-documentary verification | Verifying identity by checking the applicant's information against data sources rather than a document. |
| Possible match | A screening result where the applicant's details resemble a sanctions or watchlist entry and a person must decide. |
| Beneficial owner | An individual who owns a share of a business applicant above the threshold in your procedures, or who controls it. |
| Customer risk rating | A starting rating calculated from your methodology and passed to AML monitoring. |
| Exception | A result that didn't clear automatically and needs a staff decision. |
| Decision rule version | A saved, recorded set of rules for which applications proceed, go to review or are declined. |
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