KYC and onboarding
Airwallex offers multiple options to onboard connected accounts and submit them for KYC.
- Embedded KYC component (Airwallex-hosted iFrame)
- Hosted flow (Airwallex-hosted full-page redirect)
- Accounts API
Once a new account is created and connected to your platform, you can update account information anytime prior to submitting the account for activation.
This page describes these options at a high level, including tradeoffs and use cases for each. Note that these options are not mutually exclusive but we recommend building a unified onboarding experience.
| Embedded KYC component | Hosted flow | Accounts API | |
|---|---|---|---|
| Description | Onboard customers through a UI component embedded directly into your site | Redirect customers into a flow hosted by Airwallex | Fully control the onboarding UI, built on top of Airwallex APIs |
| Suitable for | Spending minimal tech effort to build an onboarding workflow. Leverage a pre-built UI element that perfectly matches your brand's look and feel. | Spending minimal tech effort to build an onboarding workflow. Instead, redirect connected accounts to an Airwallex-hosted page so that you can get to market quickly. | A highly customized onboarding workflow. Please note that this option requires more time and development resources to implement and maintain. |
| KYC information | Collects required KYC information from your end users | Collects required KYC information from your end users | Collect on your own interface |
| AML (Anti-money laundering) | Supported | Supported | Supported |
| Sanctions screening | Supported | Supported | Supported |
| Identity verification | Real-time progressive verification | Real-time progressive verification | Verification after submitting to Airwallex in the back end |
| Customization | Advanced theming to align with your design system | Basic theming | Full control over look and feel |
| Integration effort | Minimal coding | Minimal coding | Most coding |