KYC Hub launches new onboarding solution 04 November 2022United Kingdom Reporter: Lucy Carter
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Due diligence and compliance automation service provider KYC Hub has launched OpsFlow, an onboarding solution that allows clients to create customised workflows through robotic process automation (RPA).
A range of global verification types can be inputted into the system through workflows and intelligent automation such as RPA, KYC Hub says.
Workflows will be created with consideration to 180 dynamic risk factors, which are updated in real-time. This increases safety, with changes around risk profiles not missed during the onboarding process and throughout the cycle.
Adaptable to different use cases and industries through its no-code integration, areas that will benefit from the solution include crypto, payments and investment and asset management.
Farnoush Mirmoeini, co-founder of KYC Hub, says: “We have repeatedly heard from firms that they currently struggle with managing multiple onboarding systems that create a multitude of inefficiencies. Our no-code solution is end-to-end and helps to eliminate these inefficiencies.
“With the use of intelligent automation, OpsFlow enables users to configure onboarding workflows based on low- to high-risk profiles as well as different verification types while making it possible to onboard and monitor both individuals and legal entities in a single system. This means our clients, as well as our clients’ clients, have a much smoother and quicker onboarding experience.”
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