Investor onboarding
In order for an investor to make an investment offer, they have to set up an account with the platform.
Creating an account with the platform requires the collection of a set of data and the verification of this data via a video identification provider. This can be done through a dedicated registration process, which contains the following customer related steps and if completed, results in an investment-ready account:
Account data including personal data, email-address and password
Knowledge & Experience about the customer's previous investment behaviour
Video identification
Additional data, which can include tax and deposit information (this step is optional and can be configured)
In order for a platform to offer the dedicated registration process to their investors, it first needs to reach out to Cashlink to enable that option. Once that is done, the platform's URL can simply be enhanced by the URL-path /register to link future investors into the registration process. Example: assuming the platform's URL was cashlink-invest.de, the registration URL would be cashlink-invest.de/register.
Alternatively, the creation of an account can also happen as an integrated part of each investment process, be it an invitation or an investment campaign the platform set up.
Onboarding of natural persons
During the account setup, the following data will be stored for natural persons in relation to ยง 10 sec. (1) GwG and ยง 11 sec. (4) GwG:
Personal data
Salutation
Forename and surname
Birthday
Birthplace
Nationality
Confirmation that the investor is not a PeP
Confirmation that the investor is the sole beneficiary
Identification data
Identification document number
Document issue date
Document issuer
Valid from date
Valid to date
Residence address
Street and number
Postal code
City
Country
Onboarding of legal persons
During the account setup, the following data will be stored for legal persons in relation to ยง 10 sec. (1) GwG, ยง 11 sec. (4),(5) GwG, and ยง 12 sec. (2) GwG :
Company data
Company name
Legal entity type
Commercial register
Commercial register number
Commercial register document
List of shareholders document
Company address
Street and number
Postal code
City
Country
Data of beneficiaries (for each beneficiary)
Salutation
Forename and surname
Birthplace
Birthdate
Confirmation that the beneficiary is not a Pep
Data of the person in authority
The data of the person acting on behalf of the legal person is stored as a natural person (see onboarding data above).
Video identification
As a part of the onboarding process, the natural person investing or the person who acts on behalf of the legal persons needs to perform a video identification in relation to ยง 12 sec. (1) GwG.
Depending on the platform setup this is either done via PostIdent or IDNow.
PostIdent
In the case of PostIdent, the investor can choose between three procedures:
Video identification via webcam or mobile phone (more information)
Legitimation in a post office branch (more information)
eID: Identity card and NFC-enabled mobile phone (more information)
The identification process already supports a large number of ID documents. The following lists provide information on this:
eID function is possible with German ID cards.
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