KYC Automation for Scale - Any 'gotchas' for smaller fintechs?

asked by u/carmen52 · 3d · 1 answers

We're looking at automating more of our KYC processes as we scale, particularly on the backend for document verification and adverse media checks. The big vendors are great for established institutions, but I'm curious if anyone running a smaller fintech has hit unexpected hurdles or prohibitive costs when trying to integrate similar tech. Is it truly 'plug-and-play' for the little guys, or does it become a compliance rabbit hole once you start digging?

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  • u/varga_maja· 1 pts· 3d

    We definitely ran into integration headaches with a "smaller" KYC provider that promised the world. Their API documentation was sparse, and getting actual support was a nightmare, which ended up costing us more in developer time than any savings on the service itself. Make sure to really vet the support structure and not just the feature list.

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