KYC statuses

Once an account has been created, the customer is then sent through DriveWealth's KYC program, where there could be a few various KYC status outcomes based upon the reviews done. Following are the different outcomes.

KYC Status

Description

KYC_NOT_READY

Partner has not collected all required PII to initiate KYC checks

KYC_READY

Partner has collected all required PII and is ready for KYC (POST /accounts)

KYC_PROCESSING

User has been sent for KYC

KYC_APPROVED

User is KYC approved

KYC_INFO_REQUIRED

Users PII does not match for KYC, Partner will need to update PII using the PATCH /users request

KYC_DOC_REQUIRED

User will need to submit a document for verification

KYC_MANUAL_REVIEW

User is under review after either additional info provided or additional document has been uploaded

KYC_DENIED

User’s KYC has failed and needs to be resubmitted

Possible KYC Status Mutations