API-Driven Account Onboarding Framework with Real-Time Compliance Automation

Abstract

In this study, the proposed API-based digital account onboarding framework is introduced, and it is implemented in terms of MuleSoft-based integration patterns, which are used to optimise the onboarding process. The framework supports important operations like identity checking, customer data checking, and real-time compliance checks using reusable APIs and event-on-command workflows. Computerised regulatory implementation and centralised record keeping enhance audit preparation and lessen the duration required to finish the onboarding process. This paper illustrates the application of API-led connectivity to develop a scalable, safe and regulatory onboarding system that meets the needs of the regulated enterprise setting. Efficiency is afforded in both the validation requirements in the integration, and it minimises risks of manual errors and loss of time. The framework supports the increasing demand for high-speed and safe digital onboarding with a high degree of regulatory compliance in highly-regulated industries, by focusing on automation and API-based connectivity. The architecture is a tactical method to update the enterprise systems, which allows businesses to improve the onboarding processes without compromising security and compliance. The study makes valuable contributions to the research on the role of API-led integration to enhance the efficiency of operations and customer experience in regulated industries.