Question 1

What is Fidify?

Accepted Answer

Fidify is an AI-powered compliance automation platform that combines KYC client onboarding, sanctions and PEP screening, and an AI compliance assistant in one system. It's designed for corporate service providers, fund administrators, and regulated firms that need audit-ready compliance without enterprise complexity.

Question 2

What is perpetual KYC (pKYC)?

Accepted Answer

Perpetual KYC, often shortened to pKYC, is a continuous approach to KYC where customer and counterparty data is monitored in real time instead of refreshed only at fixed annual or triennial reviews. Sanctions lists, PEP databases, ownership registries, and adverse media are watched continuously, and any material change automatically triggers a review. Fidify's platform is built around perpetual KYC: ongoing screening, registry-driven ownership monitoring, and event-based reviews replace static periodic refresh cycles.

Question 3

How does perpetual KYC work in Fidify?

Accepted Answer

Each client and ultimate beneficial owner is screened on an ongoing basis against sanctions, PEP, and adverse media sources, and connected company registries are polled for ownership and director changes. When something changes, for example a new sanction, a UBO update, or a fresh adverse media hit, Fidify creates a review task, links it to the original assessment, and notifies the responsible reviewer. The result is a continuously up-to-date risk picture instead of a snapshot taken once a year.

Question 4

What is majority ownership detection?

Accepted Answer

Majority ownership detection is the process of identifying which natural persons ultimately own or control more than a given threshold (typically 25% or 50%) of a corporate counterparty, even through multiple layers of holding companies. Fidify pulls live entity, ownership, and director data from external company registries, builds the ownership tree automatically, and flags individuals that meet majority or controlling-interest thresholds so reviewers can focus their UBO checks on the right people.

Question 5

What is the difference between investor onboarding and client onboarding?

Accepted Answer

Client onboarding is the general process of verifying any new counterparty (a corporate client, a service provider, or a vendor) before doing business with them. Investor onboarding is a specialized form used by fund administrators and management companies when an investor subscribes to a fund: it combines KYC and AML checks with the subscription workflow, source-of-funds documentation, accreditation or qualified-investor status, and AIFMD or UCITS-specific requirements. Fidify supports both flows in one platform.

Question 6

What is a KYC and subscription workflow for fund managers?

Accepted Answer

A KYC and subscription workflow combines investor identity verification, AML screening, and the subscription document package (subscription agreement, source-of-funds, tax forms, accredited investor confirmation) into a single guided process. Investors complete KYC and sign subscription documents in one flow, and the fund administrator or management company gets a structured, audit-ready record. Fidify automates document collection, screening, ownership detection, and ongoing monitoring across the full subscription lifecycle.

Question 7

What audit trail is required under AIFMD?

Accepted Answer

AIFMD requires Alternative Investment Fund Managers (AIFMs) to maintain documented evidence of investor due diligence, ongoing monitoring, conflict-of-interest checks, and risk management decisions, with records retained and available for the competent authority on request. Fidify automatically captures every action (document upload, screening result, AI decision, approval, rejection) in a tamper-proof, timestamped log so AIFMs can produce a complete, regulator-ready audit trail for any investor, fund, or period in seconds.

Question 8

Who is Fidify built for?

Accepted Answer

Fidify is purpose-built for corporate service providers (CSPs), fund administrators, management companies, and fintechs. Our ideal customers manage between 200 and 2,000 client entities and need centralized compliance automation across onboarding, screening, and ongoing monitoring.

Question 9

What does Fidify Enterprise do?

Accepted Answer

Fidify Enterprise automates client onboarding with digital workflows, centralized document management, automated expiry tracking, and a complete audit trail. Clients upload documents through a secure portal, and your team reviews and approves from a single dashboard.

Question 10

How do AI Background Checks work?

Accepted Answer

Fidify's AI scans multiple data sources simultaneously - sanctions lists, PEP databases, legal records, and media sources - to deliver risk assessments in seconds. Every finding includes transparent source links for verification, and results are color-coded by risk level.

Question 11

What is the AI Compliance Assistant?

Accepted Answer

The AI Compliance Assistant is built into the Fidify platform. It can instantly retrieve client records, generate compliance reports, track upcoming deadlines, and answer natural-language questions about compliance status.

Question 12

Which regulations does Fidify support?

Accepted Answer

Fidify supports compliance with KYC/AML requirements including those set by CSSF (Luxembourg), the Swedish Financial Supervisory Authority, FATF recommendations, EU AMLA, AIFMD, and GDPR data protection standards.

Question 13

Does Fidify provide a complete audit trail?

Accepted Answer

Yes. Every action in the Fidify platform is automatically logged - document uploads, screening results, approvals, status changes, and user actions. This creates a comprehensive, timestamped audit trail available on demand for regulatory reviews.

Question 14

How long does implementation take?

Accepted Answer

Fidify is designed for fast deployment. Most firms can go live within weeks, not months. The specific timeline depends on the number of entities, integration requirements, and data migration needs.

Question 15

Can I see a demo?

Accepted Answer

Absolutely. Book a 15-minute demo at fidifygroup.com/contact and we'll show you the platform working with scenarios relevant to your business.

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