Accelerate investor verification with Know Your Investor (KYI)

Investor verification is crucial for compliance with investment regulations, but there are significant implementation challenges. Different jurisdictions have their own requirements for investor accreditation, making the process complex and time-consuming. Organizations must scrutinize financial statements and other documents to ensure compliance, which can be costly and cumbersome. Navigating regulatory requirements designed to both protect investors, prevent money laundering, and financing of terrorism adds another layer of complexity.

Additionally, as the number of investors grows, manual verification becomes impractical. There are several automated and third-party solutions, but they come with their challenges. They can be difficult to integrate with existing systems and accuracy is hit-or-miss. This makes it difficult for companies to keep their costs down because of rework or looking for new providers.

An effective KYI solution must comply with domestic and international regulations; verify information to avoid legal repercussions; and scale to verify large numbers of investors.