About the Client
A global banking institution handling large volumes of corporate client onboarding, seeking to modernize KYB compliance processes and improve regulatory screening efficiency through automation and scalable microservices.
The Key Challenge
The bank relied on manual KYB verification processes and legacy systems, leading to slow onboarding, fragmented compliance checks, and increased regulatory risk.
AML, UBO, and sanctions checks were performed through fragmented tools, slowing onboarding and increasing the risk of compliance inconsistencies.
Customer information was stored across multiple systems of record, making it difficult to access consolidated data for regulatory reviews.
Legacy monitoring tools lacked real-time insights, making it difficult to trace system events and respond quickly to compliance or operational issues.
Our Solution
Ovaku implemented a microservices-based KYB platform automating compliance checks, consolidating customer data, and enhancing system observability for scalable financial operations.
Automated Compliance Screening Engine
Developed automated AML, UBO, and sanctions screening workflows integrated with trusted compliance data providers.
Centralized SOR Gateway Service
Built an API gateway consolidating customer data from banking systems, CRM platforms, and third-party compliance services.
High-Throughput Data Processing Pipelines
Implemented Kafka-based processing pipelines enabling real-time enrichment and screening of large volumes of customer data.
Result
The new platform significantly accelerated onboarding, improved regulatory compliance accuracy, and enabled scalable KYB operations across global banking systems.
Testimonial
