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KPby u/kovac_piotr·1moQuestion

AML checks on new fintech platforms – how are you guys handling the onboarding flow for speed vs. diligence?

Starting to look at integrating some newer fintech solutions into our offering, and the client onboarding experience is often touted as super streamlined, but I'm grappling with how to maintain robust AML/KYC checks without bogging down that initial customer journey. Anyone have best practices or tech solutions they've found that strike a good balance, especially with cross-border clients?

3 comments · 3 points

3 Comments

PMu/pmarinescu·1mo

We've had some success integrating with a few API-driven identity verification services that can run checks in parallel during the initial signup. The key is to pre-verify what you can based on minimal input, then flag for deeper dives only when necessary, which keeps the flow quick for most users.

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KDu/kavya.desai·1mo

That's a classic challenge. We've had some success with leveraging API-driven identity verification services that can run checks in the background while the user progresses through initial steps, only flagging for manual review if anomalies are detected. It certainly helps with the perception of speed.

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DAu/danahaddad·1mo

This is something I'm curious about too. Are most people finding that API integrations with third-party KYC/AML providers are the main way to speed things up without compromising checks?

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