Industry:
Payments & Fintech
Client:
Global Payment Processor supporting thousands of merchants worldwide
Use Case:
Merchant Onboarding & Risk-Based Enhanced Due Diligence
Key Achievements:
60%
Reduced merchant onboarding time through end-to-end automation
2x
growth in high-revenue clients powered by Chaindots’ automated onboarding.
Full visibility
into merchant risk
tiers and red flags
Ongoing monitoring of risk changes across thousands of merchants
Stronger alignment with global AML, FATF, and card network compliance standards.
The Challenge
As a global payments company enabling transactions across industries, our client needed to onboard hundreds of new merchants monthly while keeping pace with tightening regulatory demands and growing financial crime risks.
Key obstacles included:
Fragmented due diligence processes across teams and regions.
Inconsistent risk evaluations for high-risk or non-traditional merchants.
Gaps in ongoing monitoring of merchant risk exposure over time.
The Chaindots Solution
Chaindots delivered a dual-layered risk and compliance stack, combining KYB and Enhanced Due Diligence (EDD) tailored for high-risk merchant segments.
KYB: Know Your Business for Merchant Onboarding
Chaindots’ KYB solution gave the client a fast, reliable, and comprehensive method to validate merchant businesses, including:
Secretary of State verification to confirm legal standing.
All these insights flowed into an automated KYB Risk Matrix and Framework, allowing the compliance team to score and segment risk with clarity and consistency.
Enhanced Due Diligence for High-Risk Merchants
Together, this provided a 360° view of every high-risk merchant—without the need for slow, fragmented manual reviews.
Why It Worked
Chaindots transformed the client’s onboarding from a compliance bottleneck into a growth enabler. With automated workflows, intelligent risk scoring, and real-time monitoring, the client could onboard merchants faster without compromising on risk controls.
They no longer had to choose between speed and security—Chaindots delivered both.
Unlock Safer Growth with Chaindots
Whether you’re onboarding 100 or 10,000 merchants a month, Chaindots gives you the KYB and EDD intelligence to grow confidently, minimize exposure, and exceed regulatory expectations.
Let’s build a payment ecosystem where trust is built in from day one.
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