Case study
Streamlined KYC/KYB for UK Law Firm
Customized KYC/KYB platform for a leading UK law firm, enhancing efficiency and compliance.
Reduced onboarding and review times by over 50%
Fully compliant onboarding for complex clients
Enhanced client experience with 2+2 verification
Case study
Streamlined KYC/KYB for UK Law Firm
Customized KYC/KYB platform for a leading UK law firm, enhancing efficiency and compliance.
Reduced onboarding and review times by over 50%
Fully compliant onboarding for complex clients
Enhanced client experience with 2+2 verification
Case study
Streamlined KYC/KYB for UK Law Firm
Customized KYC/KYB platform for a leading UK law firm, enhancing efficiency and compliance.
Reduced onboarding and review times by over 50%
Fully compliant onboarding for complex clients
Enhanced client experience with 2+2 verification
About Our Client
A leading UK law firm faced with the challenge of streamlining its KYB and know-your-customer processes. They serve a diverse client base including corporates, high net worth individuals (HNWI) and international businesses. With such a diverse client base, their onboarding and periodic review processes were labor intensive and often resulted in unstructured questions being asked of their clients. Atfinity helped the firm streamline this into an intuitive wizard, helping them effectively identify and verify both ultimate beneficial owners (UBOs) and directors using a 2+2 verification approach.
THe Challenge
Streamlining Diverse Client Onboarding
The firm needed to streamline labor-intensive KYC/KYB processes, which were unstructured and time-consuming due to the diverse client base.
Efficient Onboarding
The diverse client base made onboarding and periodic reviews labor-intensive, requiring a more structured and efficient process.
Structured Data Collection
Unstructured questions during onboarding led to inefficiencies. The firm needed a solution to streamline data collection.
Effective Verification
Ensuring accurate verification of UBOs and directors was crucial for compliance, requiring a robust verification process.
the solution
Customized KYC/KYB Platform
Atfinity delivered a customized KYC/KYB platform within a week, replacing manual assessments with user-friendly guided wizards.
The Results
Efficient and Compliant Onboarding
The law firm now benefits from a streamlined, compliant, and user-friendly KYC/KYB process, enhancing overall efficiency and client satisfaction.
Time Savings
Onboarding and review times were reduced by more than half, significantly improving operational efficiency.
Full Compliance
The streamlined process fully adheres to all UK regulatory standards, ensuring compliance without sacrificing efficiency.
Enhanced Customer Experience
The 2+2 verification process minimizes manual data input, providing a smoother and faster experience for clients and staff.
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Create Custom Onboarding Journeys
Create personalized digital onboarding in minutes with our user-friendly no-code platform. Set up data collection, rules and checks with ease.
