The procedure for Private account holder requires
the following checks to be passed:
• Full name and contact details (see below):
o First and last name
o Email address
o Nationality
o Address
o Date of birth
o Place of birth
• Valid identification document, depending on location:
o UK - National ID, passport or driving licence
o Europe - National ID or passport
o Irrespective or the location, the identification document should:
- Include a confirmation of nationality
- Is valid and not expired
o This document is also used to collect date of birth. Note that all applicants must be 18 years of age or over.
• Selfie with liveness check
• Proof of residence country and address
• Second proof of address, where applicable
• Residence permit if the consumer is non EU/UK national
• A questionnaire
• Declaration that information is correct
• Declaration to use Biometric access
No additional documentation is required during the onboarding process to confirm the identity and address.
* Please note that the information provided above is indicative and subject to change based on the specific programme and applicable local regulations. Additional documentary proof such as payslips or bank statements may be requested to support submitted details.
Contact Details
For “contact details” we collect and verify an email address and collect and verify a mobile phone number (which is a single number bound to the login used not just for KYC needs but also enrolled for the SMS method of SCA).
Politically Exposed Persons
Please note that if an individual is a PEP or RCA we cannot support their application for any programme at this time. Therefore, we can only onboard and continue to support Consumers which are not PEPs or RCAs.
Technical Data on Applicants
In addition to collecting the above user-input information, Weavr logs other relevant data such as device fingerprinting, geo-location, and other technical data helping to prevent fraud or abuse.
Additional Contextual Onboarding Steps
Both Weavr and the Embedder may choose to add other requirements to the onboarding process for Consumers as required for a specific embedded finance programme, for example review and agreement to programme-specific terms and conditions.
The procedure for Business account holder requires the following checks are passed:
for general user
• Full name and contact details
• Position in the Corporate
• Valid identification document, depending on the Root Users’ location:
o UK - National ID, passport or driving licence
o Europe - National ID or passport
o Irrespective of the location, the identification document should:
- Include a confirmation of nationality
- Is valid and not expired
o This document is also used to collect date of birth. Note that all applicants must be 18 years of age or over.
• Selfie with liveness check
• Proof of residence country and address
• Second proof of address, where applicable
• Questionnaire including sections covering:
o What industry the individual derives their income from
o Whether the individual is a “Politically Exposed Person” (PEP)
o Whether the individual is a “Relative or Close Associate” (RCA) of a PEP
• Declaration that KYC information is correct
• Declaration to use Biometric access
for business
• Basic details about the Corporate:
o Name
o Registered country
o Registered number
o Dates / duration in business
o Addresses:
- Main place of business
- Registered address, if different than main place of business
- HQ address(es), if different than main place of business
- Any other correspondence address(es), if different than main place of business
o Company contact phone and email
o List of current directors
• Questionnaire including, but not limited to, sections covering:
o Current business activities
o Business website URL or similar marketing information
o Source of funds to be deposited in Corporate accounts
o Operating jurisdictions
o Information about money flows
• Copies of documentation including:
o Proof of incorporation
o Certificate of good standing or registry extract
o Proof of supervisory, management, and representative bodies - e.g. articles of association
o Proof of business address
• Ultimate Beneficial Owner (UBO) Declaration Form identifying all Ultimate Beneficial Owners (UBOs), and a copy of their national ID or passport. All of the above shall be submitted by the Root User (or their appointed representative) in the forms provided by Weavr.
for owners and directors
Currently the information required for directors is:
• Full name
• Date of birth
• Place of birth
• Nationality(/ies)
• ID document number and type
• ID document expiry date
• Country of permanent residence
• Residential address (cannot be a PO box or similar)
• Occupation
• Contact phone number
• Contact email address
• Declaration to use Biometric access
Currently the information required for UBOs is:
• Full name
• Date of birth
• Place of birth
• Nationality(/ies)
• ID document number and type
• ID document expiry date
• Copy of ID referred to above (attachment)
• Country of permanent residence
• Residential address (cannot be a PO box or similar)
• Proof of address (attachment)
Moreover, the below documents shall be provided:
• Valid identification document, depending on the UBOs’ location:
o UK - National ID, passport or driving licence
o Europe - National ID or passport
o Irrespective of the location, the identification document should:
- Include a confirmation of nationality
- Is valid and not expired
o This document is also used to collect date of birth.
• Proof of residence country and address
• Second proof of address, where applicable
• Declaration to use Biometric access