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Consumer Due Diligence

Consumers that are being onboarded need to complete KYC (Know Your Customer) before they can use any financial service. Such Consumers are required to provide due diligence information.

The first screen shown in the KYC UI component will require the Consumer to view and consent to the Terms and Conditions, before the actual due diligence process is initiated.

Terms acceptance

The following information will be captured as part of the standard due diligence process:

  • Identity document (e.g. copy of the ID card or passport)
  • Liveness check (selfie)
  • Proof of address (e.g. a recent copy of a utility bill or a bank statement)

The following documents are accepted as proof of address for individuals:

  • Bank or card statements, mortgage, formal bank letters
  • Utility bills (water, electricity)
  • Internet/cable TV/house phone line bills
  • Tax returns
  • Council tax bills
  • Driving licence showing the address
  • Residence permit showing the address
  • Official government-issued documentation, tax certificates, certifications, etc.

Provided documents must not be older than 3 months.

Retrieve the KYC status of a Consumer​

In order to determine the KYC status of a Consumer, use

GET/consumers/kycTry it

The fullDueDiligence field returns the KYC status for the consumer.