CBN's AML/CFT Regulations 2022 and NFIU circulars require tiered KYC across all payment service banks and fintechs. FlowAI validates BVN and NIN identifiers, screens against NFIU and OFAC sanctions lists, and delivers APPROVE/ESCALATE/REJECT decisions in under 3 seconds — with the audit trail CBN examiners require.
The CBN's updated AML/CFT Regulations (2022) require tiered KYC for all financial institutions: Tier 1 (no ID, low limits), Tier 2 (NIN required), Tier 3 (full CDD with address verification). FlowAI's triage maps to all three tiers — automatically routing applicants to the right CDD depth based on submitted documentation and risk signals.
Nigeria's Bank Verification Number (BVN) and National Identity Number (NIN) are the dual anchors of its KYC framework. FlowAI extracts NIN from National ID cards and validates BVN format. For CBN's highest-tier accounts, BVN-NIN linkage verification is flagged in the triage output to support your downstream verification workflow.
Nigeria's NFIU (Nigerian Financial Intelligence Unit) maintains domestic PEP and adverse watch lists. OFAC covers international sanctions exposure. Nigerian fintechs processing remittances or serving diaspora customers need both. FlowAI runs NFIU-context screening alongside OFAC, EU, and UN in a single API call.
Run a Nigerian applicant scenario — NIN/National ID document type, OFAC + NFIU screening, CBN-aligned risk scoring.
Pick a scenario. Hit run. See exactly what the agent decides — and why.
| Provider | Cost per review | Monthly cost (40K) | Annual cost |
|---|---|---|---|
| Manual compliance team (NG) | ₦800–1500 (~$0.50–0.95) | $20,000–38,000 | $240K–456K |
| Smile Identity | $0.50–1.50 | $20,000–60,000 | $240K–720K |
| Dojah | $0.30–1.00 | $12,000–40,000 | $144K–480K |
| Prembly (IdentityPass) | $0.25–0.80 | $10,000–32,000 | $120K–384K |
| Jumio | $3.00–5.00 | $120,000–200,000 | $1.44M–2.4M |
| Sardine | $1.50–3.00 | $60,000–120,000 | $720K–1.44M |
| FlowAI Starter | $0.012 | $499/mo flat | $5,988 |
At 40K reviews/month, FlowAI is 97%+ cheaper than Nigeria-local KYC providers, 99%+ cheaper than global platforms.
CBN's tiered KYC assigns transaction limits based on KYC completeness: Tier 1 (₦50K daily limit, BVN not required), Tier 2 (₦200K daily, NIN required), Tier 3 (₦5M+ daily, full CDD). FlowAI's triage output includes the recommended KYC tier based on submitted documents and risk score — your system uses this to set the account tier without manual review.
NIBSS (Nigeria Inter-Bank Settlement System) provides the BVN verification API for licensed entities. FlowAI can consume a verified BVN as a high-confidence input from your NIBSS-connected backend — FlowAI handles the downstream AML scoring and risk triage. Integration is via your existing NIBSS API access; FlowAI orchestrates the decision, not the NIBSS lookup.
NFIU requires licensed institutions to file Suspicious Activity Reports (SARs) within 24 hours of detection. FlowAI's ESCALATE decision includes structured risk factors that directly populate SAR fields — transaction patterns, PEP indicators, sanctions proximity, and adverse media signals. Your compliance officer reviews the pre-populated SAR brief, not raw data. Time-to-file drops significantly.
Founding 10 locks $249/mo. Start in the sandbox today — no credit card.
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