Neat is a Hong Kong-based FinTech specialising and dedicated to serving small and medium businesses. Their key offering includes virtual and physical corporate cards, currency wallets, automated accounts and exclusive rewards.
Since launching its Business product in 2018, Neat has processed USD 700+m in transfers, onboarded more than 5,000 customers and supported financial transactions in 35+ local currencies.
Neat selected Know Your Customer’s digital solutions to build a superior onboarding experience for their fast-growing pool of SME customers, while optimising the efficiency and accuracy of their internal compliance processes.
“Partnering with Know Your Customer has provided us with an extremely effective and efficient technology solution to support Neat’s ambitious growth in Asia and internationally.”
— David Rosa, CEO & Co-Founder at Neat
This case study summarises the objectives and results of the Neat implementation achieved through:
- Rest APIs for fast integration
- Live connections to company registries for reliable company data
- An AI-powered Ultimate Beneficial Owner (UBO) engine
- On-going Screening for continuous AML compliance
- Case Management & Workflow features
- Automated Audit Trail & KYC Reporting capabilities