Creating KYC transactions during onboarding of new applicants can help you customize the risk policy, perform cross-checks, and calculate transaction risk score that affects the total applicant onboarding risk score.

When this option is enabled, every time a new applicant is being onboarded, the rules installed from the Basic Onboarding bundle are triggered and automatically applied to determine whether the applicant data such as email, phone number and/or IP address matches the rules parameters. For example, whether the email was created on a disposable platform or the phone number has been used in suspicious transactions, and so on.

Once the applicant data is checked, you receive the transaction score, which in turn affects the applicant onboarding risk score. The applicant is approved, rejected, or delegated to you for review, depending on the results of multiple cross-checks described in the installed rules.

📘

Mind the following:

• At least one of the rules from the Basic Onboarding bundle must be installed for the option to take effect.
• The option of creating KYC transactions during onboarding is mandatory for the applicant onboarding score calculation (based on the transaction score).

Get started

To enable KYC transactions during onboarding:

1. Set up a verification level to conduct onboarding KYC transactions.
2. On the Configurations tab, select the Create KYC transactions during onboarding checkbox.
3. Click Save.