KYC System

The KYC system, that makes customer verification fast, simple and fully compliant.
Users can upload documents and pass biometric checks through an intuitive web or mobile interface. The system uses AI-based OCR and facial recognition and connects to official databases for real-time validation.Bank staff work through a control panel that provides live monitoring, risk alerts and automated compliance reports.

KYCMicroservicesAMLCFTOCRmonitoringonboarding

Development Duration

11 months

  • Business Analyst
  • PM
  • Architect
  • Back Developer
  • Front Developer
  • Mobile Developer
  • QA
  • DevOps
  • SecOps

Technology Stack

Spring
Java
GraphQL
PostgreSQL
MongoDB
AWS
Microsoft Azure

Task

  • Automation of the customer identification and verification process: Accelerating the onboarding process and reducing manual work.
  • Compliance with regulatory requirements: Ensuring compliance with all local and international legislative and regulatory requirements in the field of anti-money laundering (AML) and counter-terrorism financing (CFT).
  • Improving customer experience: Minimizing the time it takes for clients to go through the KYC (Know Your Customer) procedure.
  • Integration with existing infrastructure: Seamless integration with the bank's current IT-system.
  • Scalability and updatability: The ability to easily update and scale the system in accordance with changing requirements.

What was done

  • Development of an automatic document verification module: Implementing OCR (Optical Character Recognition) technology for reading and verifying identity documents.
  • Integration with data sources: Connecting with internal and external data sources to verify authenticity, legality and reliability of identity.
  • Development of a user interface: Creating a user-friendly client interface for uploading documents and tracking the status of their verification.
  • Implementation of a biometric verification system: Using biometric data (facial recognition) to enhance the security level of identification.
  • Development of a control panel for employees: Creating tools for monitoring and managing the verification process, including reports and alerts on potential risks.

How it works

  • For clients: Clients complete identification and verification online through the bank’s mobile app or website, upload documents and pass biometric checks. The process takes minimal time and is highly convenient.
  • For the bank: Bank employees work through a control panel, where they can track the verification process, view detailed information for each case, manage alerts and generate reports. The system increases risk management efficiency and improves team productivity.