Case Study: ConnectPay achieves seamless digital onboarding and strong AML compliance with Know Your Customer

ConnectPay streamlines AML-compliant onboarding with Know Your Customer in Lithuania

ConnectPay, a fast-growing Electronic Money Institution in Lithuania, selected Know Your Customer's digital solutions to address the dual challenge of ensuring a smooth customer onboarding experience while maintaining strong AML and KYB compliance. Their goal was to build a modern and impeccable client onboarding process for their business-focused banking services.

Know Your Customer implemented a solution featuring real-time connections to global company registries, automated extraction of shareholder data, and AI-powered UBO identification. This was supported by a cloud-based digital compliance workspace with an immutable audit trail and automated reviews. As a result, ConnectPay met its AML requirements and successfully delivered a digital onboarding experience that aligned with its vision for professional client service.

ConnectPay