Customer KYC automation and approvals

Purpose

1.1. To automate the collection, verification, and approval of KYC documentation for wholesale copper suppliers, ensuring compliance with metals industry regulations.
1.2. To automate risk screening, document storage, reminders, and real-time approval processes, reducing manual errors and accelerating onboarding.
1.3. To automatedly enforce due diligence, sanction checks, UBO identification, and regulatory reporting in copper supplier operations for full audit trails.

Trigger Conditions

2.1. Automated initiation when a new copper supplier submits a registration or application online.
2.2. Triggered if updates or resubmissions of KYC documents are detected in supplier portals.
2.3. Automated reminders when KYC documents are expiring or missing.

Platform Variants

3.1. Salesforce
• Feature/Setting: Flow Builder automation; configure triggers on Lead/Account creation for KYC checklist automation.
3.2. DocuSign
• Feature/Setting: API Envelope Creation; automates sending KYC documents for electronic signature.
3.3. Twilio
• Feature/Setting: SMS API; automate KYC reminders and notifications to suppliers' mobile numbers.
3.4. Slack
• Feature/Setting: Bot Integration; automate compliance team alerts for KYC review tasks.
3.5. Microsoft Power Automate
• Feature/Setting: Automated Flow with SharePoint/OneDrive connectors for uploading and storing KYC documentation.
3.6. Google Workspace
• Feature/Setting: Google Forms and Drive API; automate collection and cloud storage of KYC documents.
3.7. SendGrid
• Feature/Setting: Email API; automate conditional KYC email notifications and status updates.
3.8. AWS Lambda
• Feature/Setting: Serverless automated scripts for extracting and validating KYC data from uploads.
3.9. Workato
• Feature/Setting: Automated workflow builder with multi-app triggers for KYC orchestration.
3.10. Zapier
• Feature/Setting: Multi-step Zap for integrating and automating KYC between apps and CRMs.
3.11. Plaid
• Feature/Setting: Identity Verification API; automate bank account and identity checks for suppliers.
3.12. Onfido
• Feature/Setting: API for document and biometric verification; automate identity approval step.
3.13. LexisNexis
• Feature/Setting: Risk Solutions API; automate sanction and watchlist screening.
3.14. HubSpot
• Feature/Setting: Workflow automation for automated emails and compliance checklist management.
3.15. OneDrive
• Feature/Setting: Automated upload and permission management for KYC files per supplier.
3.16. Docparser
• Feature/Setting: API for extracting structured data from KYC documents for automated review.
3.17. Freshdesk
• Feature/Setting: Automated ticket generation for KYC verification process tracking.
3.18. Airtable
• Feature/Setting: Automated base/schema to track KYC status, expiry, and approvals.
3.19. Google Cloud Vision
• Feature/Setting: OCR API automates reading and validating ID images and PDFs.
3.20. SFTP (Secure File Transfer Protocol)
• Feature/Setting: Automated secure uploads of bulk KYC files from trading partners.
3.21. Jira Service Management
• Feature/Setting: Automated ticket/issue creation for compliance approval stages.
3.22. Okta
• Feature/Setting: Identity API automates user access based on KYC status changes.

Benefits

4.1. Automates time-consuming manual checks, accelerating supplier onboarding in copper wholesale.
4.2. Automatedly ensures compliance with industry KYC regulations, reducing non-compliance risks.
4.3. Automates document management for seamless auditability and traceability.
4.4. Automated notifications minimize missing critical updates or document expirations.
4.5. Automation enhances supplier experience by reducing repeated document requests.