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A Customer is the digital profile for any person or organization you do business with. Creating a customer profile allows you to store KYC (Know Your Customer) data and monitor their activities for potential money laundering risks. In our system, you can create customers as either Individuals or Organizations.

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Regular vs. Simplified Customers

Depending on how much information you have, you can choose between two setup types:
  • Regular Customer: Use this for full monitoring. You provide all necessary KYC data so the system can perform a complete risk assessment. This is the standard for your ongoing compliance.
  • Simplified Customer: Use this when you have limited data. It requires fewer mandatory fields and is designed for quick screening.
    Simplified customers cannot be risk-scored. Simplified customer is created with default account, where both account number and account external ID is equal to the customer external ID.

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Upgrading Profiles

You can upgrade a Simplified Customer to a Regular Customer at any time by adding the missing information. However, once a profile becomes a Regular Customer, it cannot be reverted to the Simplified version.