Following the BNB registration procedures, the Underwriting team conducts comprehensive due diligence processes spanning seven to fourteen days. This thorough review encompasses multiple components including detailed examination of partner websites and applications, end-client registration flows, member areas, and service features. The Underwriting team also screens KYC/onboarding vendor settings and performs comprehensive testing to ensure compliance standards are met. All required documentation for this phase is systematically stored in the designated KYB Due Diligence Partner pack repository.
Concurrent with due diligence activities, the Underwriting team manages KYC/KYB onboarding review and requirements over a similar seven to fourteen day timeframe. This process involves completion of detailed KYC questionnaires using the Partner KYC Assessment Questionnaire template, with Project Management teams utilizing standardized email templates for initial partner communication. A crucial component of this phase includes the approval of API fields, utilizing specific templates for issuing and onboarding fields designed for both Paynetics AD (PAD) and Paynetics UK (PUK) operations, ensuring system compatibility and regulatory compliance across different jurisdictions.
This comprehensive process ensures thorough evaluation, risk assessment, and proper integration of new partners while maintaining regulatory compliance and operational efficiency across all Paynetics departments.