Complete KYC solution: Know Your Customer anchored in real life
A KYC solution built on proof through real life
"Today, everything can be forged — except real life and what people actually buy."
When you deploy a KYC solution (KYC — Know Your Customer, identity verification of a customer), you expect far more than a tick-box compliance exercise. You identify a legal entity or a natural person in seconds, you measure their risk level, you monitor their transactions and you produce robust evidence for the remediation phase. We have operated this promise inside Euroleads, an MV Group company, since 2016. We support banks, fintechs and business partners across their due-diligence work.
Our conviction is simple: a document can be tampered with, a photo can be reused, a biometric check can be circumvented. The trace a person leaves through verified purchase transactions, address recency, and the government and telecom sources that know them stays impossible to forge at volume. This customer knowledge built on data is what separates our approach from purely document-based tools.
This pillar page explains how our KYC approach works, which industries it serves, how it compares to the main market solutions, and how it secures your compliance posture across AML/CFT, GDPR and eIDAS 2.0 (the EU regulation on electronic ID — eID, electronic identity).
What is a modern KYC solution?
KYC (Know Your Customer — literally "knowing your customer") refers to the procedures by which a regulated business identifies and characterizes its customers before and during the business relationship. The KYC process sits inside the framework of anti-money-laundering and counter-terrorism financing rules (AML/CFT), governed in France by articles L.561-2 and following of the Monetary and Financial Code.
A modern approach covers four pillars:
- Identification of customers and ultimate beneficial owners of legal entities
- Verification of identity by confronting independent data
- Assessment of risk (PEPs — politically exposed persons, sanctions, sector, geography)
- Monitoring of transactions and periodic case review
You orchestrate these four pillars through a single API. We confirm identity, we score risk, and you trace your compliance posture for a possible ACPR (French banking and insurance regulator) or Tracfin (French financial intelligence unit) audit. You access a unified setup, operable continuously.
Most legacy tools simply verify identity documents: ID card, passport, driving license. This approach, legally valid, has three weaknesses:
- Industrial-scale forgery: synthetic documents generated by AI now pass human checks in 2.3% of cases according to a 2024 FATF (Financial Action Task Force) study.
- Incomplete coverage: a document proves an issuance, not a persistent real life.
- Friction: document collection lengthens onboarding and pushes abandonment up.
Our approach is a necessary complement to the other KYC phases (biometric or document checks). To document verification we add a transactional layer: verified purchase acts, address recency, anonymized banking data, government sources (registers, statutes, directors), telecom sources, media. You build identity through the sedimentation of real transactions, not through a photocopy.
Measured result on a French online-banking player: abandonment cut from 25% to 5%, fraud divided by 4, ROI 220:1 over 60,000 yearly onboardings.
The KYC process step by step with our solution
The KYC process starts at the entry into relationship. Whether you operate a bank, a fintech or a crypto-asset service provider (CASP), your client or partner submits a minimum set of information: name, date of birth, address, tax number for legal entities. Our API consumes this information and triggers, in real time, the full path described below.
Real-time electronic identity verification (eIDV)
As soon as the minimal information is submitted (name, date of birth, address, tax number for legal entities), our API triggers the electronic identity verification across transactional, government and telecom data. A complete file comes back in under 3 seconds in 92% of cases, vs 24 to 72 hours for a classic document path.
Sanctions, PEP and anti-money-laundering screening
In parallel, we run the check against sanctions lists, politically exposed persons (PEP) lists and international anti-money-laundering lists. This step automates a non-negotiable regulatory check and logs its result in your compliance journal.
Initial risk score calculation
Risk is not binary. The EU directive AMLD6 (the 6th EU Anti-Money Laundering Directive) and EBA (European Banking Authority) recommendations require a risk-based approach that modulates customer due diligence by sector, geography (FATF high-risk countries), expected transactions and political exposure (PEP status). The initial score out of 100 points is computed from these signals.
Continuous scoring and dynamic alerts
You benefit from continuous scoring out of 100 points that moves with the real life of every file. A change of address, a new economic activity, an atypical transaction: every signal recomputes the score, and you receive the alert that follows.
Periodic review and evidence log
Compliance does not stop at onboarding. Tracfin reported 1,537 deficient suspicious-activity declarations in 2023, specifically tied to the absence of periodic case review. From your console, you trigger automatically: a data refresh every 6, 12 or 24 months depending on the risk score; an alert when declared and observed data diverge; and a timestamped logbook acting as compliance evidence at audit time. You turn periodic review from a panicked yearly project into an automated flow.
AML/CFT, GDPR and eIDAS alignment
Anti-money-laundering and counter-terrorism financing rules apply in France to more than 45 categories of regulated entities. Banks, financial institutions, fintechs, crypto-asset service providers, credit brokers, real-estate agents: all must operate a documented KYC process for their business partners.
The ACPR sanctions failures. In 2023, eleven public decisions targeted financial institutions, with fines from €2 to €50 million for monitoring failures. You trace every action, you make every score explainable, you document every alert: evidence elements and the remediation phase are at your auditor's fingertips in a few clicks.
You handle personal data: the sources we mobilize are compliant with GDPR and applicable local laws. Our architecture guarantees:
- Single purpose: identity verification and AML/CFT compliance
- Strictly necessary scope: no collateral marketing profiling
- Publisher independence: we don't collect or host databases; we query 4,000 worldwide sources without owning a single one, which eliminates editorial conflicts of interest
The eIDAS 2.0 regulation (in force since May 2024) introduces the European Digital Identity Wallet (EUDI Wallet). Our approach is compatible with the regulation's substantial and high security levels, and exposes the verifiable attributes required for cross-border interconnection of the eID.
"Everything can be forged — except real life and what people actually buy."
A document can be counterfeited, a biometric check can be circumvented, but the sedimentation of a real person's consumption acts remains a unique, verifiable signature.
Sectors covered by our vertical KYC solutions
BANKING
Banking
AML/CFT, ACPR periodic review, AMLD6 scoring. You orchestrate onboarding and continuous case review aligned with the French banking and insurance regulator's requirements.
FINTECH
Fintech
100% digital onboarding, fast KYB. You activate a friction-free path while securing the verification of legal entities and their ultimate beneficial owners.
CRYPTO
Crypto
MiCA travel rule, CASP verification. You meet the specific obligations of crypto-asset service providers with international data coverage.
E-COMMERCE
E-commerce
Payment anti-fraud, PSP compliance. You reduce chargebacks and smooth the purchase experience while staying aligned with payment-service-provider requirements.
INSURANCE
Insurance
Life-insurance AML/CFT, ultimate beneficial owners. You identify subscribers and contract beneficiaries precisely under the insurance-sector-specific AML/CFT duties.
REAL ESTATE
Real Estate
Tracfin reporting, beneficial owners of SCIs (French real-estate companies). You secure real-estate transactions with reliable identification of legal structures and their ultimate beneficial owners.
KYB: verification of legal entities and ultimate beneficial owners
Verification of a legal entity (KYB — Know Your Business) follows a distinct logic. Whether you operate in France or internationally, you identify through the same API:
- Legal existence of the company in public registers (Infogreffe, Companies House, equivalents across 197 countries)
- Ultimate beneficial owners above the 25% threshold
- Directors and their potential PEP status
- Actual economic activity, cross-checked with transactional flows
You operate KYC + KYB through a single API: one flow instead of two. You secure the follow-up of your business partners across the entire relationship.
How Euroleads stands against Onfido, Sumsub, Jumio, Trulioo and Veriff
The market has established international players. Here is how our approach stands apart:
- Onfido, Jumio, Veriff: excellence in document verification and facial biometrics. Our approach is complementary; we don't offer biometrics or document capture, and we interface natively with these players to add the transactional data layer they don't have.
- Sumsub: all-in-one platform. Our differentiation rests on editorial independence (4,000 sources we don't own) and native coverage across 197 countries without pricing surcharge.
- Trulioo: aggregation pioneer. Our platform stands out through French and European specialization, AML/CFT and eIDAS 2.0 expertise, and documented ROI modeling.
Our positioning: not a frontal competitor, but a transactional data layer you can add on top of your stack or operate stand-alone. We don't sell the data we recommend. That independence is the point. We don't own any of the bases we query, and our recommendations are never biased by a vendor solution.
Measured business benefits of our KYC approach
| Indicator | Value |
|---|---|
| Modeled ROI (€1 invested = €220 modeled return) | 220:1 |
| Drop in onboarding abandonment rate | 25% → 5% |
| New clients retained per year (out of 60,000 onboardings) | 12,000 |
| KYC / eIDV verifications per month | 5 million |
On online-banking modelings, switching from a classic document path to our transactional approach delivers measurable results. Here are the key KPIs observed.
ROI breakdown and platform capacity
For €1 invested, the modeled return is €220. The calculation integrates:
- Gross margin preserved on retained clients
- Avoided cost of friction and re-acquisition
- Savings on manual teams (60% drop in files to handle manually)
- Avoided cost of ACPR and Tracfin fines
The REST API integrates into your information system in 3 to 10 business days depending on your stack. Open sandbox, test data set, dedicated integrator support.
Key figures
5 million KYC / eIDV verifications per month
4,000 sources of worldwide data available
197 countries covered
2.5 billion individuals identified
250 million professionals identified
Measured ROI: 220:1
Technical architecture: API, security, integration
You query the platform through a REST API documented in OpenAPI 3.0. Three endpoints cover your needs:
POST /verify: synchronous identity verification (response < 3 s)POST /screening: sanctions and PEP lists checkWEBHOOK /events: state-change notifications
Our artificial-intelligence technologies operate in scoring and anomaly detection, never replacing your human compliance decision. These machine-learning technologies are audited continuously.
European sovereign hosting, TLS 1.3 encryption in transit, AES-256 at rest. No information is stored beyond the legal retention period. Annual ISO 27001 and SOC 2 Type II audits.
Instead of stacking three or four tools — one for document verification, one for list filtering, one for transaction monitoring — you operate a single platform that orchestrates everything. You simplify data governance and you offer your clients a continuous user experience.
FAQ: the 6 key questions on our KYC approach
What is a compliant KYC process?
A compliant KYC process identifies the customer, verifies their identity against independent sources, assesses their sector and geographic risk, monitors their transactions and keeps a traceable journal for the auditor. Our approach automates the four steps inside a single platform.
How is your KYC different?
Our difference lies in transactional data, a complement to the other KYC phases (biometric and document checks). Where Onfido or Jumio confirm that a document is valid, we confirm that a person lives in the real world. The two blocks combine.
Which businesses are subject to KYC in France?
Article L.561-2 of the French Monetary and Financial Code lists 45+ categories: banks, financial institutions, fintechs, insurers, crypto-asset service providers, real-estate agents, notaries, accountants, dealers in precious stones, and more. KYC regulation expands further with AMLR/AMLA in 2026, reaching new sectors such as crowdfunding and professional sport.
How much does a KYC verification cost?
The cost is modeled on monthly volume. Our tiered pricing starts at €0.80 per verification on pilot volumes and drops below €0.15 above one million. The 220:1 ROI observed integrates every business component.
How long to integrate the platform?
Between 3 and 10 business days depending on your stack. Instant sandbox, test data set, dedicated integrator support.
How do GDPR and AML/CFT articulate?
The two regimes coexist: AML/CFT mandates collection, GDPR mandates minimization. Our architecture limits information to what is strictly necessary, keeps it only for the legal retention period (5 years after end of business relationship), and traces every access for audit. Publisher independence (we don't host databases) structurally settles the question of conflicts of interest.
Go further
To go further, see our related pages: Electronic Identity Verification (eIDV) · KYC regulation in France · Banking KYC · Fintech KYC · How to implement KYC · Is KYC mandatory for you?
Get started with our KYC approach
You want to secure your onboardings without breaking conversion? You're looking to be compliant with ACPR, Tracfin and eIDAS 2.0? You want an independent partner not captive to any vendor?
Let's talk with our team to scope your project in under 30 minutes: you outline your volumes, your verticals, your integration and your specific compliance needs. We can also run a free audit of your existing controls, to measure your current KYC setup and the optimum reachable against your goals.