Customer Onboarding & KYC AutomationPurpose
1.2. Automating aggregation of customer records, document verification outcomes, identity proofing checks, and reporting exceptions directly to compliance authorities.
1.3. Enabling automated alerts, audit trail creation, and scheduled filing with regulator-specified formats and repeat intervals.
1.4. Automating cross-reference of new customer data against sanction lists and PEP registries as part of ongoing compliance monitoring.
1.5. Automatedly maintaining real-time dashboards that update with each onboarding/KYC event for compliance officer oversight.
1.6. Automate the retention and deletion policies by submitting evidence of completed KYC to central archives and regulatory portals.
Trigger Conditions
2.2. On scheduled intervals (e.g., quarterly or monthly compliance reporting deadlines).
2.3. Automated receipt of alerts from data validation or AML platforms about high-risk onboarding events.
2.4. Automated changes in regulatory submission requirements detected by connected legal update feeds.
Platform Variants
• API: Streaming API for real-time onboarding/KYC data; automated outbound message triggers.
3.2. Microsoft Dynamics 365
• Function: Dataverse Data Export Service for automating report extraction.
3.3. DocuSign
• Endpoint: Connect API for automated verification status updates.
3.4. Mulesoft
• Connector: Automated DataWeave scripts for compliance data transformation.
3.5. ServiceNow
• Feature: Automated Compliance Workflow Engine for exception reporting.
3.6. Workiva
• API: Wdata Automations for data collation and report assembly.
3.7. Google Cloud Functions
• Task: Automated KYC document parsing upon Cloud Storage upload.
3.8. AWS Lambda
• Function: Scheduled compliance data aggregation via serverless automator.
3.9. NICE Actimize
• API: Automated risk-scoring output integration and exception alert service.
3.10. Onfido
• Webhook: Automated KYC verification result delivery to compliance logs.
3.11. Twilio
• API: Messaging API used to automate alerts to compliance teams for urgent review.
3.12. SendGrid
• Feature: Automated compliance report delivery via scheduled transactional email.
3.13. Workday
• Integration: Automated People Data Feed to compliance data marts.
3.14. Adobe Sign
• REST API: Automating signed document archiving for audit trails.
3.15. Microsoft Power Automate
• Flow: KYC workflow templating for automated report preparation.
3.16. UiPath
• Robot: Automated data extraction and document processing for regulatory filings.
3.17. SAP
• IDoc: Automated data push of customer onboarding details to compliance module.
3.18. Box
• API: Automated evidence submission to secure folders with regulator access.
3.19. IBM OpenPages
• API: Risk and compliance API for automating exception documentation.
3.20. Fenergo
• Integration: Real-time REST API for automating customer compliance profiling.
3.21. DocuWare
• Workflow: Automated document audit trails and compliance archiving.
3.22. Smartsheet
• Integration: Automated KYC task tracking and report status dashboards.
3.23. Google Sheets
• Apps Script: Automated extraction of onboarding and compliance milestone data.
3.24. Xero
• API: Automated regulatory payment verification for compliance submission.
Benefits
4.2. Enables automated error detection and correction before regulatory filing.
4.3. Enhances auditability with automated submission logs and evidence chains.
4.4. Reduces compliance risk by automatedly reacting to new regulatory requirements.
4.5. Provides compliance teams with automated alerts and exception workflows for faster remediation.
4.6. Increases data integrity through automated validation, extraction, and retention mechanisms.
4.7. Optimizes resources by removing manual effort from recurring compliance processes.
4.8. Ensures timely, automated, and consistently formatted filings to regulators.
4.9. Automates real-time compliance dashboards for senior management visibility during audits.
4.10. Supports scalable automator adoption as reporting volumes increase.