MODULE 3- Customer Due Diligence in Fintech

What I learned?

I learned how Customer Due Diligence in fintech goes far beyond onboarding. I learnt the differences between CDD and EDD, how digital KYC tools are used and where they can fail, and why customer risk must be assessed dynamically through behaviour, not just documents.

What I am achieving?

I am building the ability to assess customers using a risk based approach, identify when CDD and EDD are required and how to distinguish low risk from high risk customers.

Why it matters?

Fintechs rely on fast digital onboarding, which makes them attractive targets for identity fraud, sanctioned individuals, and money mule networks. Weak CDD can lead to fake IDs being accepted or vulnerable individuals being used to move illicit funds, exposing firms to serious regulatory and reputational risk.

How this is preparing me for a real career?

This module is training me to think like an AML analyst rather than a checklist follower. I am learning how to apply risk scoring, assess digital onboarding systems, and adapt controls as customer behaviour changes. These are core skills required in real world AML and compliance roles.

Inspiration for others coming behind you

Mastering AML is achievable step by step. Understanding customers through risk and behaviour, not just paperwork, is a skill anyone can build with structured practice and real examples.

Continuing to build practical AML capability, one module at a time.

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