CASE STUDY
Streamlined KYC/KYB
for UK Law Firm
for UK Law Firm
Customized KYC/KYB platform for a leading UK law firm,
enhancing efficiency and compliance.
enhancing efficiency and compliance.
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%
Reduced onboarding and review times by over 50%
Fully compliant onboarding for complex clients
Fully compliant onboarding for complex clients
Enhanced client experience with 2+2 verification
Enhanced client experience with 2+2 verification
Our Client
A leading UK law firm faced with the challenge of streamlining its KYC 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
Onboarding
The firm needed to streamline labor-intensive KYC/KYB processes, which were
unstructured and time-consuming due to the diverse client base.
unstructured and time-consuming due to the diverse client base.
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.
replacing manual assessments with user-friendly guided wizards.
Comprehensive KYC/KYB Digital Solution
Atfinity delivered a customized KYC/KYB platform within a week, replacing manual assessments with user-friendly guided wizards.
Smooth User Experience
The platform provides a seamless journey for clients and compliance teams, guiding them through data and document collection dynamically.
Tailored Risk Management
The system involves relevant internal parties to approve specific risks, ensuring tailored compliance with regulatory requirements.
Efficient Verification
The platform uses a streamlined 2+2 verification process, cross-validating data points from independent sources to ensure consistency.
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.
process, enhancing overall efficiency and client satisfaction.
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.
Discover Efficient Compliance
with Atfinity
with Atfinity
Contact us for a demo and see how Atfinity’s customized KYC/KYB platform can transform
your law firm’s onboarding and compliance processes.
Discover Efficient Compliance with Atfinity
Contact us for a demo and see how Atfinity’s customized KYC/KYB platform can transform your law firm’s onboarding and compliance processes.