Customer onboarding overview
Overview of the process of adding and verifying a customer.
To bring a customer on board, you need to:
- Create a customer resource using the customer's information.
- Verify that the information provided by the customer is authentic. This is done by running the KYCKYC - Know Your Customer. A standard banking risk assessment practice to prevent identity theft, money laundering, fraud, and terrorism by verifying customer identities and understanding their transaction habits. KYC is a mandatory requirement of legal compliance in the financial sector. process.
Once the customer has passed the KYC process, they're on board and you can proceed to issue them with a card.
Updated 2 months ago
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