Client onboarding with real time KYC

KYC due diligence takes up almost 22% of the entire time during customer onboarding process. Hence the efficiency of the entire process is depending on this sub process. The solution automates the process of validating the LEI and sanctions screening during the customer onboarding process. The solution uses open API to perform these actions in real time. This is expected to result in significant cost and effort savings from a business perspective.

1. Capturing a client's basic details for onboarding.
2. The client’s details retrieved from the LEI database can be used to validate the details provided during the onboarding process.
3. The sanctions screening status can be used to determine upfront whether the client has had any sanctions imposed on them.
4. The solution is highly scalable should the client decide to include more informational attributes during the onboarding process.
5. In-built mechanism for customer outreach to get any missing documents during the onboarding process.
6. Flexibility to add the onboarding process status and add it to a workflow orchestration process if required.