Signicat InstantKYC is a SaaS platform providing automated, pre-defined Know Your Customer (KYC) onboarding workflows. It enables organizations to efficiently collect, validate, and verify customer identity data, perform risk and compliance checks, and adapt processes to local regulations in multiple European countries. The solution is designed for rapid deployment and seamless integration into existing business processes, supporting compliance with Anti-Money Laundering (AML) and other regulatory requirements.

Key Features

Pre-defined, Localized Workflows Automated onboarding workflows tailored to specific country regulations.

• Supports Norway, Sweden, Finland, Denmark, Netherlands, Germany, Spain, and the UK.
• Ensures use of valid identity proofing and AML compliance per jurisdiction.

Risk Scoring and Filtering Unique risk scoring to identify and filter out high-risk applicants early.

• Data enrichment before ID verification.
• Early detection of potential bad actors.

Automated Identity Data Collection and Validation Seamless collection and verification of essential identity data.

• Gathers name, date of birth, personal identity number, citizenship, etc.
• Validates identity documents and data accuracy.

Compliant Identity Verification Uses best-in-market methods to verify identity data.

• Ensures compliance with local and international standards.

PEP/Sanction and AML Risk Checks Performs checks against Politically Exposed Persons (PEP) and sanction lists.

• Prevents onboarding of individuals involved in money laundering or terrorist financing.

Ready-to-Deploy Integration Unified workflows designed for quick integration into existing systems.

• Reduces time and complexity for deployment.

Benefits

Regulatory Compliance Across Markets Ensures seamless adaptation to local KYC and AML requirements.

• Reduces risk of non-compliance penalties.
• Simplifies expansion into new markets.

Enhanced Security and Trust Strengthens security and trust in the onboarding process.

• Prevents fraud and financial crime.
• Builds stakeholder confidence.

Operational Efficiency Automates and streamlines onboarding, reducing manual work.

• Accelerates customer acquisition.
• Lowers operational costs.