Primerem: KYC & KYB Automation Compliance Teams

Quick answer

Primerem is a SaaS platform that simplifies KYC (Know Your Customer) and KYB (Know Your Business) workflows. It automates customer onboarding, identity verification, and ongoing compliance monitoring for finance, crypto, and B2B companies. With robust API support and AML screening, Primerem improves regulatory compliance and user experience.

Introduction

Manual KYC and KYB processes are error-prone, slow, and a regulatory liability. With increasing pressure from compliance standards like GDPR, AMLD5, and FATF, businesses need smart automation tools that cut costs while meeting legal requirements.

That’s where Primerem steps in. Built for scale, Primerem empowers companies to handle compliance workflows—onboarding, verification, monitoring—within minutes, not weeks.

From startups to enterprise compliance teams, anyone dealing with user identity or business due diligence will benefit from this powerful tool.

In this guide, you’ll learn how Primerem works, its features, use cases, and how it compares with competitors.

Key Facts About Primerem

What Is Primerem?

A Modern KYC & KYB Platform

Primerem is a next-generation compliance tool that automates identity verification and business onboarding. Unlike legacy solutions, it’s developer-friendly and API-first, making integration into any platform seamless.

Primary Functions

• KYC verification (individuals)
• KYB onboarding (business entities)
• Sanctions and AML screening
• Continuous monitoring
• Customizable rules engine

Who Uses Primerem?

• Fintech apps needing to onboard customers at scale
• Crypto exchanges meeting FATF Travel Rule requirements
• Marketplaces verifying vendors before payment
• SaaS tools requiring business verification for B2B clients

How Primerem Works

Step 1: Collect Customer or Business Data

Using prebuilt SDKs or RESTful API endpoints, Primerem captures identity data (ID uploads, selfies, business docs, etc.) securely.

Step 2: Run Checks

Primerem then performs:

• Document verification using OCR + machine learning
• Biometric checks (liveness + selfie match)
• Sanction and watchlist screening
• UBO and corporate structure lookup

Step 3: Decision Engine

You can set rules like:

• Auto-approve under 30 seconds for low-risk users
• Flag high-risk for manual review
• Custom flow per region (e.g., U.S. vs. EU compliance)

Step 4: Ongoing Monitoring

It doesn’t stop after onboarding. Primerem continues checking users and entities daily for new risks, including:

• New sanctions
• Adverse media hits
• Expired or suspicious IDs

Top Features of Primerem

Developer-Friendly APIs

Primerem provides one of the cleanest KYC API documentations out there. It supports:

• Webhooks for event triggers
• Language-agnostic SDKs
• Sandbox environment for testing

Global Compliance Coverage

The platform includes AML and CTF checks aligned with:

• EU AMLD5
• U.S. FinCEN regulations
• FATF country-level guidance

Scalable Infrastructure

Whether you’re processing 100 or 10,000 verifications per day, Primerem handles:

• High-volume API throughput
• Redundancy across data centers
• SLA-backed uptime guarantees

Fraud Detection

Primerem uses machine learning to detect fraud signals such as:

• Reused ID photos
• Synthetic identities
• Anomalous IP or location mismatches

Primerem vs. Competitors

Verdict: Primerem is more modular and compliance-focused, ideal for teams wanting deeper control.

Real-World Use Cases

1. Fintech Startup Onboarding

A payments startup integrated Primerem to streamline KYC for its mobile app. Result: user onboarding time dropped from 3 days to under 10 minutes.

2. Crypto Exchange

Using Primerem’s AML watchlist monitoring, a crypto exchange reduced manual review hours by 40% while staying FATF-compliant.

3. B2B SaaS Platform

A vendor marketplace used Primerem’s KYB to verify businesses across 20+ countries. This helped reduce fraud and increase investor confidence.

Pricing & Plans

Primerem offers:

• Free Tier: For testing & prototyping
• Startup Plan: Pay-as-you-go (starts at $0.40/check)
• Growth Plan: Monthly packages with volume discounts
• Enterprise Plan: Custom SLAs and regional compliance modules

Note: Prices vary based on verification type (e.g., biometric vs. document-only).

Compliance Certifications

Primerem meets global security standards including:

• ISO 27001
• SOC 2 Type II
• GDPR-compliant data retention and consent management

This ensures legal peace of mind for teams dealing with sensitive data.

Conclusion

Primerem isn’t just another KYC tool—it’s a full-stack compliance engine for forward-thinking companies. Its powerful API, global coverage, and developer-first design make it ideal for teams scaling fast in regulated sectors.

FAQs