Client Onboarding & KYC AutomationPurpose
1.2 Accelerates compliance, verifies UBOs, and reduces risks by automatedly processing identity documents and cross-referencing AML watchlists at scale.
1.3 Keeps all onboarding workflows automatable, triggering notification, data ingestion, approval escalations, and audit trail retention.
1.4 Ensures ongoing automated KYC/AML monitoring, risk flagging, and re-verification post-onboarding for regulatory adherence.
Trigger Conditions
2.2 Document uploads (ID, proof of address) detected.
2.3 Business profile update, director change, or periodic review schedules.
2.4 Real-time automated flagging of potential risks or regulatory changes.
Platform Variants
3.1 Plaid Identity
• Feature/Setting: Invoke /identity/get API. Configure with business applicant details for instant verification and entity resolution.
3.2 Alloy
• Feature/Setting: Workflow Automation—configure decision rules for automated ID checks, AML screening APIs, and sanctions lists.
3.3 Jumio
• Feature/Setting: Netverify API—set up for automated ID scanning and biometric verification as part of digital onboarding.
3.4 Onfido
• Feature/Setting: Document and Facial Biometrics API—configure for automated comparison of uploaded ID and selfie.
3.5 Trulioo
• Feature/Setting: GlobalGateway Business Verification API—automates business entity, UBO, and AML checks globally.
3.6 ComplyAdvantage
• Feature/Setting: Screening API—use for automated AML, sanctions, and PEPS checks at onboarding and on schedule.
3.7 LexisNexis Risk Solutions
• Feature/Setting: Bridger Insight XG API—automates watchlist and adverse media screening.
3.8 Experian
• Feature/Setting: BusinessIQ API—set up for automated business owner background and credit checks.
3.9 DocuSign
• Feature/Setting: eSignature API—automatedly trigger e-signature for business agreements during onboarding.
3.10 Google Cloud Vision
• Feature/Setting: OCR API—automated extraction of passport/ID data for digital ingestion.
3.11 AWS Comprehend
• Feature/Setting: Entity Recognition—automates parsing of key identity attributes in uploaded documentation.
3.12 Salesforce
• Feature/Setting: Flow Builder—automate KYC workflow triggers for new Lead or Account creation.
3.13 Microsoft Power Automate
• Feature/Setting: Automated cloud flow connecting forms, email notification, and CRM record update for onboarding progress and status.
3.14 Slack
• Feature/Setting: Workflow Builder—automatically notifies compliance or onboarding teams of pending KYC tasks/status.
3.15 Workato
• Feature/Setting: Recipe connectors—automates integration between core banking CRM and KYC vendors.
3.16 Docparser
• Feature/Setting: Document parsing API—automatedly structure scanned KYC document data for downstream processing.
3.17 HubSpot
• Feature/Setting: Workflow Automation—automatically route leads/accounts through onboarding and KYC pipeline.
3.18 Clearbit
• Feature/Setting: Enrichment API—auto-populate business identity fields before KYC trigger.
3.19 Twilio SMS
• Feature/Setting: Programmable Messaging API—automated OTP and document upload reminders to business applicants.
3.20 Zapier
• Feature/Setting: Multi-step zaps—automates KYC trigger, document handoff, alerts, and CRM status sync.
3.21 IdentityMind
• Feature/Setting: API—automated machine-learning risk scoring, KYC approval, and workflow escalation.
3.22 Socure
• Feature/Setting: Socure ID+ API—automate digital ID, document, and fraud checks with risk dashboards.
3.23 Sumsub
• Feature/Setting: KYC/AML SDK—set up auto-triggered ID checks, face match, and proof of address verifications.
Benefits
4.2 Automates regulatory compliance, reducing manual intervention and audit risk.
4.3 Enables scaling of the client base—automatedly handles surges in onboarding volume.
4.4 Reduces operational costs with automatable, accurate digital KYC/AML checks—minimizes human error.
4.5 Maximizes customer satisfaction by automating routine checks and reducing response times.
4.6 Delivers a robust audit trail and real-time status tracking with every automated onboarding event.