Onboarding
Overview
Onboarding is the process of verifying and activating customers, businesses, or employees so they can access financial services. In compliance, onboarding involves KYC, KYB, and AML checks to confirm legitimacy before account activation.Digital onboarding uses tools such as eKYC, video verification, and biometric checks to make the process seamless while meeting regulatory standards. Banks, fintechs, insurers, and payment providers aim to balance speed with compliance, ensuring both security and user experience. Regulators expect onboarding processes to incorporate risk-based approaches, applying enhanced due diligence where necessary. Successful onboarding builds trust, reduces fraud, and sets the foundation for long-term customer relationships. It is one of the most critical steps in financial compliance programs worldwide.
Stay ahead of risk with Signzy
Explore tools that help you onboard, monitor, and verify with confidence
One Touch KYC
Launch global KYC flows with built-in document OCR, liveness checks, deepfake detection, and AML, all through a single, customizable dashboard.
Biometric Verification
Authenticate users with facial, fingerprint, and liveness biometrics powered by AI to prevent identity spoofing and fraud.
Database Verification
Instantly verify user information by connecting to trusted databases across jurisdictions for accurate, compliant, and faster onboarding.
FAQ
What is onboarding?
The process of verifying and activating customers or businesses.
Why is it important?
It prevents fraud and ensures compliance with AML/KYC rules.
Who uses it?
Banks, fintechs, insurers, and payment providers.
How is it evolving?
Through digital methods like eKYC and video verification.