AKcess SME Solution

AKcess, a leader in digital onboarding and verification solutions, showcased its latest innovation, the SME Wallet, at the Payments Innovation Day 2024 in London. This event, which gathered fintech and payments industry leaders, featured a panel where AKcess discussed the challenges facing SME onboarding across various sectors and the role of fintech in driving small business growth and boosting local economies. AKcess emphasized the transformative potential of fintech in overcoming onboarding challenges and fostering sustainable economic growth.

The SME Wallet, introduced by AKcess, is a unique solution designed to streamline and expedite the onboarding process for Small Medium Enterprises (SMEs). It offers numerous benefits tailored to the needs of SMEs, including hassle-free onboarding, streamlined KYB / KYC management, and a verified Data Room. The platform supports automated processes and comprehensive AML checks, enhancing efficiency and security.

AKcess’s SME Wallet includes a variety of advanced AML checks and verification tools such as identity verification, biometric facial recognition, sanctions and PEP checks, source of funds/wealth verification, proof of funds through open banking, smart data capture, and eSignature capabilities. These features enable companies to securely store, verify, and manage their documents and KYC data, facilitating seamless sharing.

Moreover, the platform can be used to digitally onboard staff and clients, create eForms, and trigger real-time checks. By providing reusable verification elements, the SME Wallet significantly reduces onboarding time and costs, minimizes fraud, and benefits the entire business ecosystem.

The launch of the SME Wallet underscores AKcess’s commitment to empowering small businesses through innovative technology solutions.

For more information about our KYB Solution, the AKcess SME Wallet, and how it can enhance your onboarding processes, please contact the AKcess Communications Team.