KYC and AML Built for Neobanks
High-volume consumer onboarding with sub-60-second KYC decisions — without sacrificing the BSA/AML compliance your sponsor bank and regulators require.
Neobanks face the same compliance obligations as large banks — with a fraction of the infrastructure
Speed vs. compliance
High-volume consumer onboarding requires real-time KYC decisions. Manual review queues kill conversion. A BSA-compliant automated decision in under 60 seconds is the operational requirement — not a nice-to-have.
FinCEN CDD Rule
Beneficial ownership verification for business accounts is required under the FinCEN CDD Rule. Many neobanks entering the SMB segment underestimate the documentation workflow this requires at scale.
Exam readiness
OCC, FDIC, and state regulators examining neobank BSA/AML programs require documentation of every verification decision. A spreadsheet-based audit trail is not sufficient — and it does not scale.
Built for neobank compliance operations
Kycanvas completes identity verification and AML screening in a single API round-trip. Document authentication, liveness detection, OFAC screening, and PEP lookup happen in parallel — returning a structured decision in under 60 seconds for the vast majority of applicants.
Every verification decision, AML screening result, and monitoring alert is logged with timestamps, data sources, and contributing signals. Export the complete audit record in the format your BSA/AML officer needs for regulatory examination documentation.
For business account onboarding, Kycanvas supports beneficial ownership verification workflows designed to support compliance with FinCEN CDD Rule requirements. Configurable EDD triggers for high-risk business account profiles.
Your compliance team sets the risk thresholds and EDD trigger rules. Kycanvas enforces them consistently at scale — so your approval rate and your false positive rate reflect deliberate compliance decisions, not inconsistent manual judgment.
Works with your BaaS program manager
Most neobanks are built on a Banking-as-a-Service platform: Synctera, Treasury Prime, Unit, or Stripe Treasury. Each BaaS platform comes with a sponsor bank whose BSA/AML program has its own requirements. Kycanvas integrates at the fintech application layer — sitting above the BaaS core — so your KYC and AML layer can exceed the baseline program requirements of your sponsor bank, rather than relying on what the BaaS platform provides by default.
From manual review to automated compliance
Clearbrook Bank
A US neobank serving underbanked consumers, onboarding 3,000–5,000 new accounts per month via mobile app.
"Kycanvas gave us the exam-ready documentation we needed and took the manual review queue off the compliance team's plate. Our sponsor bank review went significantly smoother with a complete automated audit trail."
Head of Compliance, Clearbrook Bank (pilot customer, plausible synthetic name)
Start a Pilot for your neobank.
We are onboarding a select cohort of neobanks. Founding pricing locked for 12 months.
Talk to Mira