FREE DIGITAL ONBOARDING COMPLIANCE GUIDE

FOR FINTECH STARTUPS 

Don't start from scratch – reuse what works for others!

Improve your onboarding conversions and reduce manual checks WITHOUT missing anything important!!!

This checklist includes requirements for both natural persons and legal entities and covers:

• What data to ask at registration and how to validate the data (age, acceptable countries, valid document types, proof of address, source of funds, and source of wealth);
• How to assign risk categories to customers at onboarding, how many risk categories are sufficient, and how often to review them;
• How to ask the customers about UBOs without overwhelming them;
• How often do you need to scan customers for PEPs and sanctions and should you include inactive accounts;
• Ultimately: what is the ONE area where I need to focus first to improve my onboarding flow the most.

FinTech customers are sophisticated and have a good sense of what is a reasonable versus what is excessive. The solution to building  better onboarding is simple:  include little hits into your questions, as to why specific details are needed. If you do this right and treat your customers as intelligent sophisticated consumers (which they are), they will have fewer objections and are more likely to provide information you need.

Just give this FREE ONBOARDING GUIDE to your product development team, sit back, relax, and let them do the magic!