Lemonway is a pan-European payment institution focused on serving B2B, B2C, C2C marketplaces, and alternative finance platforms. It offers solutions for payment processing, wallet management, and third-party payments, while ensuring compliance with anti-money laundering (AML) regulations and Know Your Customer (KYC) requirements.
Online Onboarding focuses on upgrading the customer onboarding process for marketplaces, enabling them to concentrate on strategy and business growth while maintaining a competitive edge with their partners.
This solution provides an automated onboarding experience that merges Lemonway’s payment knowledge with Entrust's ETSI-certified identity verification featuring Qualified Electronic Signature (QES), supported by Entrust’s Onfido Identity Verification solution. Marketplaces that leverage Lemonway to navigate the intricate, compliance-focused onboarding journey can benefit from the ability to offer a safe and efficient experience to their merchants.
Comprehensive onboarding management: Lemonway now oversees the entire onboarding journey, from collecting documents to creating wallets, enabling marketplaces to concentrate on strategic growth and business development;
Efficient and secure onboarding: identity verification for individuals is completed in under two minutes, while businesses are verified within 48 hours;
Optimised and customisable experience: tailored onboarding pages that reflect marketplace branding offer a simplified experience, reducing drop-offs and increasing conversion rates;
Increased fraud prevention: Onfido's biometric liveness detection and document verification safeguard against advanced fraud attempts;
Compliance with regulations: the solution meets strict European KYC and AML standards, minimising non-compliance risks through ETSI-certified identity verification technology and Qualified Electronic Signature (ETSI);
Scalable and future-ready: features like document automation, Politically Exposed Persons (PEP) checks, and user-friendly dashboards ensure flexibility as businesses grow.
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