Acquiring another bank, our Client needed to re-document thousands of client relationships. Within a strict timeline, Atfinity delivered a fully-fledged platform for complex relationships…
A leading UK-based law firm that faced challenges streamlining their KYC and KYC processes. They serve a diverse client base, including corporate entities, high-net-worth individuals (HNWI) and international businesses. Having such a diverse client base made their onboarding and periodic review processes labour-intensive and often meant their clients were asked unstructured questions.
Atfinity helped the firm streamline this into an intuitive wizard and helped them effectively identify and verify both ultimate beneficial owners (UBOs) and directors using a 2+2 verification approach.
Atfinity swiftly delivered a customised KYC/KYB platform meeting all UK regulatory standards within a week for its clients. This platform replaced the cumbersome manual assessments with user-friendly guided wizards, encompassing three key aspects:
1. Time Savings: Onboarding and review times were reduced by more than half.
2. Fully Compliant: Even though the process was more efficient and streamlined they also fully followed all regulations.
3. Enhanced Customer Experience: 2+2 verification for UBOs and directors means no or very little manual data input is necessary.