KYC Hub launches solution for end-to-end onboarding
02 November 2022 UK
Image: Dzmitry/stock.adobe.com
Due diligence and compliance automation specialist KYC Hub has launched end-to-end onboarding solution OpsFlow.
OpsFlow aims to provide clients with the ability to plug in hundreds of global verification types through workflow and intelligent automation, including Robotic Process Automation (RPA). This allows the solution to handle different use cases and industries using no-code integration.
The onboarding solution enables firms to create bespoke workflows through RPA with 180 dynamic risk factors updating in real-time. This ensures that, even during the onboarding process, changes in factors impacting risk profiles are not missed, therefore, providing greater protection for financial institutions, according to KYC Hub.
The release of OpsFlow comes as a response to calls from the industry for a single solution to manage the complex onboarding process.
Farnoush Mirmoeini, co-founder of KYC Hub, says: 鈥淲e are excited to bring our end-to-end single solution for onboarding to the market. We have repeatedly heard from firms across a number of industries that they currently struggle with managing multiple onboarding systems that create a multitude of inefficiencies.
鈥淥ur no-code solution is truly 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.鈥�
OpsFlow aims to provide clients with the ability to plug in hundreds of global verification types through workflow and intelligent automation, including Robotic Process Automation (RPA). This allows the solution to handle different use cases and industries using no-code integration.
The onboarding solution enables firms to create bespoke workflows through RPA with 180 dynamic risk factors updating in real-time. This ensures that, even during the onboarding process, changes in factors impacting risk profiles are not missed, therefore, providing greater protection for financial institutions, according to KYC Hub.
The release of OpsFlow comes as a response to calls from the industry for a single solution to manage the complex onboarding process.
Farnoush Mirmoeini, co-founder of KYC Hub, says: 鈥淲e are excited to bring our end-to-end single solution for onboarding to the market. We have repeatedly heard from firms across a number of industries that they currently struggle with managing multiple onboarding systems that create a multitude of inefficiencies.
鈥淥ur no-code solution is truly 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.鈥�
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