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|
|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|