New Client Onboarding Under KYC Rules in Under 30 Minutes
The Onboarding Analyst reviews the documentation, calculates the risk score, and prepares the full case file for the compliance officer's decision. No manual bureaucracy. Full traceability.
Premium architecture for executive control
Manual onboarding costs time, money, and clients
Slow processes that lose clients
The manual process requires requesting documentation, checking it by hand, searching sanctions lists, calculating risk, and drafting the file. On average: 3 to 7 business days. The prospect in a hurry is already with your competitor. Slow or inconsistent onboarding creates a poor first impression and can cost you deals before they even start.
Your personal exposure before SEPBLAC
The European directives (AMLD5/AMLD6) and Spain's Law 10/2010 require due diligence procedures for new clients. A failure in onboarding or document verification can create serious regulatory issues. A SEPBLAC inspection with incomplete KYC documentation can lead to fines of up to €10,000,000 — and the responsibility sits with company leadership.
The compliance officer as an exhausted bottleneck
The compliance officer manually reviews 40 new files every week. They cannot keep up. Files pile up. Clients wait. The time your team spends gathering and verifying documents manually is time not spent on higher-value activities. In regulated sectors, that bottleneck has direct consequences.
A KYC analyst that works 24/7 and escalates only what requires compliance judgment
-
Receives the onboarding request with attached documentation (ID, tax number, incorporation deeds, powers of attorney, proof of activity)
-
Extracts and verifies documentary information automatically: identity, company data, and ownership structure
-
Checks sanctions registers (OFAC, EU, UN, SEPBLAC lists) and the Mercantile Registry
-
Calculates the AML risk score using your company's methodology: country of origin, sector, corporate structure, PEPs
-
Generates the full KYC file: executive summary, verified documentation, consulted sources, and justified score
-
HITL: the compliance officer receives the full file and makes the decision in <5 minutes of review
Result of the automated case file
Standard process — Approval in <30 min
Enhanced due diligence — Additional documentation
Mandatory manual review by the compliance officer
Spain's Law 10/2010 on anti-money laundering (and its update through Royal Decree 304/2014) establishes that the following obliged entities must apply KYC procedures to new clients: credit and financial institutions, insurers (certain lines), notaries, registrars, lawyers and auditors (in certain operations), real estate agents and developers, accounting and advisory firms, property managers, casinos and online gaming operators, merchants (cash transactions above €10,000), and providers of company and trust services. If your company is on this list, KYC is not optional. It is a legal obligation with criminal and administrative consequences before SEPBLAC.
Source: Ley 10/2010 / BOE / RD 304/2014AuroraCortex's Onboarding and KYC Analyst automates the analysis and case-file drafting process. The DECISION to accept or reject a client always remains the responsibility of your company's compliance officer or a qualified legal advisor. We do not automate regulatory decisions. The system generates the file with all the information needed so the compliance officer can decide in the minimum possible time. Legal accountability for the decision remains with the designated human. Every generated file includes a complete audit trail (timestamp, sources consulted, scoring methodology) to demonstrate due diligence in any regulatory inspection.
Real scenarios
200 new clients per year. Manual KYC took 3-5 days.
The compliance manager spent 20 hours a week on the manual KYC process. With 200 new clients per year under Law 10/2010, the bottleneck was critical.
Implementation: KYC analyst with automatic verification + risk score + HITL approval flow.
Onboarding time: from 3-5 days to <30 minutes. The firm went from 20 hours/week to 4 hours/week of review.
International clients with PEPs and offshore structures. Two-week due diligence.
High-risk clients (PEPs, offshore structures) required enhanced due diligence. Manual process of two weeks per case.
Implementation: Enhanced KYC with ownership-structure analysis + OSINT research + PEP screening.
Enhanced due diligence completed in <2h for 80% of cases. Zero files rejected by SEPBLAC in the following inspection.
Frictionless integration. In weeks, not months.
Current-process mapping
We review your current KYC process: intake forms, required documentation, scoring methodology, acceptance/rejection criteria, and approval flow.
Source and scoring setup
We configure access to sanctions lists (OFAC, EU, UN, SEPBLAC). We define risk-scoring parameters based on your internal compliance policy.
Calibration with historical files
We process 20 historical files (anonymized) and compare the system result with the decisions made at the time. We adjust the parameters.
Go-live + monthly review
The system goes into production. Monthly review meeting for complex files and updates to the scoring methodology if there are regulatory changes.
Investment and return
Indicative pricing by case volume. The exact price is determined during the free technical audit.
Standard
€1,500
€500/month
Up to 50 cases/month
Automatic AML/KYC risk score
Verification against OFAC, EU, UN, and SEPBLAC lists
Complete file for the compliance officer
Complete audit trail
6-month minimum
Advanced
€1,500
€950/month
Up to 200 cases/month
Everything in the Standard plan
Advanced PEP/Sanctions screening module
EDD module (Enhanced Due Diligence)
Priority support
6-month minimum
Volume
Contact us
From €1,200/month
>200 cases/month
Volume pricing
Contractual SLA
Dedicated engineering
Custom integrations