The Keyrock + Dotfile Success Story
Keyrock, a Belgium-based fintech specializing in liquidity solutions for digital assets, faced the challenge of scaling its compliance operations while maintaining high regulatory standards. Known for its strong foundation in AML practices, Keyrock needed to meet the demands of rapid growth, new subsidiaries, and increasingly complex global regulations without expanding its compliance team. By leveraging Dotfile's flexible platform, Keyrock successfully enhanced its operational efficiency and cross-market compliance.
The Challenges
The company’s existing processes, including manual verification of ownership structures, risk assessment, and document review, were time-consuming and labor-intensive. These inefficiencies posed significant barriers to onboarding customers quickly and expanding into new markets. Additionally, scattered communication channels and fragmented tools created operational bottlenecks, further delaying the onboarding process.
Keyrock sought a solution that would:
- Automate repetitive tasks to save time and reduce errors.
- Provide comprehensive compliance tools in a single platform.
- Adapt to diverse regulatory requirements across markets.
- Offer an intuitive experience for both internal teams and customers.
Building an in-house solution was considered but deemed too resource-intensive. Instead, the company turned to Dotfile to streamline its KYB processes while maintaining a commitment to compliance excellence.
The Solution
Dotfile provided Keyrock with a flexible and scalable compliance solution that addressed inefficiencies and set a strong foundation for growth.
- Automated Ownership Verification - Keyrock replaced its manual process of identifying ownership structureswith Dotfile’s automated system. Using the Company Graph, a visual representation of corporate structures, the compliance team could quickly verify beneficial ownership and pull comprehensive profiles from multiple data sources.
- Streamlined Risk Assessment - Dotfile’s Risk Scoring tool automated risk scoring, allowing Keyrock to adjust criteria based on regulatory requirements in different markets. This reduced the time spent on manual data entry and enhanced consistency in risk evaluations.
- Faster Document Verification - Keyrock leveraged Dotfile’s Automated Document Analysis to handle the verification of multiple documents required during the KYB process. This reduced review times by 90%, eliminated back-and-forth communication with clients, and ensured compliance with local regulations.
- Enhanced Onboarding Experience - The dynamic Client Portal provided a tailored onboarding experience for Keyrock’s clients. Dynamic forms adapted to user profiles, while translations enabled seamless onboarding in multiple markets. This improved the customer journey while ensuring compliance with local regulations.
The Outcome
Dotfile enabled Keyrock to scale its KYB processes efficiently, saving time and resources while maintaining rigorous compliance standards. The automation of verification processes, risk assessments, and document checks allowed the compliance team to focus on critical tasks.
With centralized communication and dynamic case management, Keyrock improved internal workflows, reduced bottlenecks, and created a frictionless client experience. The enhanced onboarding process supported faster customer acquisition and streamlined entry into new markets.
By choosing Dotfile, Keyrock achieved its goals of operational efficiency, compliance excellence, and scalability. To see the full details of this transformation, download the complete case study.
