How to Simplify Your Business Process and Onboard Business Customers 90% Faster?
Hi, AML superheroes! My name is Anton and I am the founder of Vespia. I understand the frustration of prolonged AML questionnaires during business customer onboarding. That’s why I am thrilled to share how our Vespia Onboarding Flow can simplify the process and reduce the time taken by 90%.
No More Cumbersome AML Checks and Lengthy Questionnaires
For businesses, KYB (Know Your Business) onboarding is a vital process to comply with AML regulations and authenticate the identity and legitimacy of customers. Nonetheless, the traditional onboarding process can be tedious, leading to a higher customer drop-off rate.
At Vespia, we recognize the significance of simplifying the onboarding process for businesses. That’s why we have developed the Vespia Onboarding Flow. Our efficient process comprises only a few automated steps, eradicating any confusion in the AML queries asked.
Vespia automatically fills in all the commercial register and business details, making the onboarding process quicker and easier for both businesses and their customers.
Streamline Business Review Process with Vespia Onboarding Flow
KYB onboarding can be a challenging process for businesses, especially for those lacking a dedicated compliance team. However, with Vespia’s Onboarding Flow, onboarding and authenticating business customers is now simpler than ever.
With Vespia, you have two options to initiate the onboarding process. As a Compliance Officer, you can begin the verification process yourself through our dashboard or integrate Vespia Flow into your website and allow the company to initiate the onboarding process.
To begin the process, simply enter the company name, click search, and select the appropriate company from the list. Our platform gathers information from the business register and authenticates the representative’s identity.
UBO (Ultimate Beneficial Owner) data and directors are automatically extracted from official business databases. Users can add more information if needed and effortlessly upload relevant documents, such as articles of association and shareholder structure.
Additional AML queries, such as the source of funds and proof of address, can be asked, and customers can promptly provide the required documents.
Once all the necessary steps are completed, the information is saved and submitted to the Vespia Dashboard. Our Onboarding Flow is customizable through our flow builder, enabling you to rearrange the steps, modify the queries, and add your design to the flow.
With Vespia Onboarding Flow, the process is streamlined, and efficient, and saves you time while ensuring compliance.
Experience the ease of onboarding and authenticating business customers by trying Vespia today. If you are ready to onboarding more business customers, contact us now!
About Vespia
Vespia helps companies build trust with each other in a matter of seconds with the power of AI.
Vespia’s all-in-one business verification (KYB) and Anti-Money Laundering (AML) solution enables growing businesses across multiple sectors to implement a faster and cost-effective verification and onboarding flow. Talk to our experts!
About the author
Anton Vedeshin is the Founder and CTO of Vespia. Anton has a Ph.D. in Cloud Computing, Cyber Security, and Robotics from TalTech. He has also developed multiple security and e-government solutions for the Estonian government and the EU Commission. Anton started his first company at age 21, becoming the founder and CTO of 3DPrinterOS, a 3D Printing company, and Agrello, an e-signature solution.
