Banking Β· KYC Β· KYB Β· AML Β· Signing
KYC to qualified signature.
One session. One platform.
Financial institutions typically run identity verification, business verification, signing authority checks, and e-signature through four separate vendors. WeVerify consolidates all four into a single session, reducing onboarding time, compliance risk, and vendor complexity simultaneously.
Challenges
Fragmented stack. Rising fraud. Long onboarding.
Fragmented KYC and signing stack
Separate KYC, KYB, signing authority, and e-signature vendors mean multiple integrations, inconsistent data standards, and no unified audit trail across the customer journey.
AI synthetic identity fraud
AI-generated synthetic identities and deepfake attacks are bypassing traditional document verification systems. Financial institutions need certified biometric liveness, not just document photo checks.
Long onboarding drives abandonment
Multi-day KYC processes with in-branch visits or document uploads by email have abandonment rates that directly impact revenue and customer acquisition cost.
The solution
The full financial onboarding journey in one platform.
Individual KYC
AML-ready identity verification
NFC passport reading combined with biometric liveness detection produces a verified identity record satisfying AML and KYC obligations under AMLD6 and national implementations. Enhanced due diligence requirements for high-risk customers met through the same flow.
- NFC chip, cryptographic proof, not a photo
- Liveness certified against synthetic media
- AML evidence package per verification
- PEP and sanctions screening integration available
- Reusable identity, no re-verification on return
Business KYB
Company, UBO, and mandate in one session
Verify the company structure, identify UBOs, and confirm that the signatory has the legal authority to bind the entity, all before a contract is executed. Connected to Chamber of Commerce registries in real time.
- Real-time Chamber of Commerce lookups
- UBO identification and ownership mapping
- Director-level identity linked to company record
- Signing mandate confirmed from registry data
- Cross-border entity verification across EU
Contract Signing
Qualified e-signature, cross-border, court-admissible
After identity and authority are verified, WeVerify issues a qualified certificate for signing. The resulting signature is legally equivalent to handwritten in all EU member states, UK, Switzerland, and the US, not just an advanced electronic signature.
- eIDAS 2.0 Qualified Electronic Signature
- Valid across EU, UK, US, and Switzerland
- Immutable evidence bundle per signing event
- Multi-party signing for co-signatory agreements
High-Risk Onboarding
Identity-gated video for regulated product sales
For regulated products requiring personal advice or face-to-face disclosure, WeVerify's identity-gated video session verifies participants, records the interaction, and seals the record, satisfying MiFID II suitability documentation requirements remotely.
- All participants identity-verified before entry
- Sealed recording for MiFID II suitability records
- QES collected within the session
- Evidence retained for regulatory audit
Regulatory compliance
Built around the regulations your compliance team already answers to.
AMLD6, EU Anti-Money Laundering Directive
WeVerify's identity verification meets enhanced due diligence requirements under the sixth AML Directive. The evidence bundle includes all data fields required for AML compliance review, exportable to case management systems and financial intelligence units.
eIDAS 2.0, Qualified Signatures for Financial Contracts
A qualified electronic signature is legally equivalent to a handwritten signature across all EU member states. WeVerify is a eIDAS 2.0 compliant trust service, meaning the signatures are not just technically valid but legally certain, and will withstand court challenge.
MiFID II, Investment Services Suitability
The sealed video call with in-session qualified signing satisfies MiFID II requirements for suitability assessment recording and client acknowledgement. The evidence bundle replaces paper-based records with a cryptographically sealed digital equivalent.
Financial inclusion Β· in partnership with GSMA
Banking the unregistered, bringing people into the economy.
Around a billion people worldwide cannot prove who they are: they hold no official identity document, or were never formally registered in any country. Without a verifiable identity they cannot open a bank account, which locks them out of receiving remittances and out of the formal economy entirely.
The GSMA partnership
Verifiable identity for people without documents
WeVerify works with the GSMA, the global association of mobile network operators, to establish a trusted, verifiable identity for individuals who have no official identity document and/or have never been officially registered in a country. By combining mobile-network signals, biometrics and our cryptographic trust layer, a person can be given a reusable, privacy-preserving proof of identity.
The outcome
A bank account, remittances, and a path to prosper
With a verifiable identity, these individuals can open a bank account, safely receive remittances from family abroad, and take part in the normal economy, giving them the means to build a livelihood and prosper for themselves.
- For people with no official ID, or never registered in any country
- Built with the GSMA and mobile network operators for reach at scale
- Biometric and mobile-network identity, bound by our cryptographic trust layer
- Enables bank-account opening and compliant remittance flows
- Reusable, privacy-first identity, raw biometrics never leave the device
- Brings unbanked and unregistered populations into the formal economy
KYC to signature. One session.
Book a 30-minute demo and we will show you a complete banking onboarding workflow, from first identity check through company verification to qualified signature.