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ConnectPay is one of the fastest-growing Electronic Money Institutions (EMI) in Lithuania, providing banking services for internet-based companies. Their main activity and focus is banking payment services for business and institutional clients, including SEPA (Instant) & SWIFT payments, multicurrency accounts, corporate cards, merchant accounts and Banking as a Service (BaaS).

Being licensed and regulated by the Bank of Lithuania, the company is subject to the regulatory framework of the European Central Bank and is a member of the monetary authority of the Eurozone.

ConnectPay selected Know Your Customer’s digital solutions to address the dual objective of smooth customer experience during onboarding and strong AML and KYB compliance.

“Our vision is to build a modern and impeccable client onboarding experience. We chose and continue to work with Know Your Customer because they share the same vision for professional services and respect for clients as us.”

— Viktorija Nemniasevaitė, Customer Experience Officer at ConnectPay

This case study provides a detailed overview of how ConnectPay leverages Know Your Customer’s unique capabilities, including:

  • Real-time connections to company registries worldwide
  • Automated extraction of shareholder data from company documents
  • AI-powered Ultimate Beneficial Owner (UBO) identification
  • Cloud-based digital compliance workspace
  • Immutable Audit Trail and automated AML & KYB  reviews

    Download the Case Study

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    Last updated on April 23rd, 2023 at 07:36 pm

    Maggie Maspero

    Margherita Maspero is a marketing expert with ten years of experience in marketing strategy and brand development at international RegTech companies across Europe and Asia. Prior to joining Know Your Customer, Margherita held various positions building brands and driving commercial growth through effective marketing strategies at fast-growing B2B start-ups and scale-ups in London, Dublin and Milan. A graduate of the University of Milan, Margherita holds a Master’s from University College London (UCL).