KYC in Germany: How to best streamline your onboarding flow
It’s one thing to be compliant and keep the KYC onboarding suite clear of regulatory missteps. It’s another thing to onboard customers in the most cost-efficient way while ensuring a seamless user experience.
By The Fourthline Team
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German-based companies have been navigating these complexities ever since the local financial regulatory authority (BaFin) introduced video identification (Video Ident) procedures in 2015.
Video Ident is the most commonly used verification method in Germany. Still, it has proven costly and challenging to scale during unexpected changes in onboarding volume and outside Germany. So, what are the alternatives?
