KYC Automation for Small Entities: Balancing Efficiency and Rigor

We're seeing a push for greater efficiency in KYC processes, particularly with fintechs and smaller institutional clients. The allure of fully automated solutions for verifying beneficial ownership and identifying PEPs is strong, but how are others finding the balance between speed and maintaining a robust, audit-proof due diligence framework? The temptation to over-rely on automated checks, potentially missing nuances only a human review might catch, is a persistent concern, especially across disparate jurisdictions with varying record-keeping standards. What are the practical pain points when implementing these automated systems without compromising the integrity of the risk assessment?