KYC statuses

Overview

The following statuses describe the lifecycle of a KYC application within the Narvi system. These statuses may appear across entities, persons, and related resources.

Status values

INIT

The application has been created but not completed.
  • The process has started
  • Required data may still be missing
  • The application has not been submitted for review

RETRY

The application requires updates.
  • Reviewed by compliance
  • Additional information or corrections are required
  • The information needs to be provided and the application must be resubmitted

SUBMITTED

The application has been submitted for review.
  • All required data has been provided
  • The application is awaiting compliance review

ACCEPTED

The application has been approved.
  • KYC verification is completed successfully
  • The entity or person is approved for further use

REJECTED

The application has been declined.
  • KYC verification failed or did not meet requirements
  • The application cannot proceed

Typical lifecycle

123456789
stateDiagram-v2    [*] --> INIT    INIT --> SUBMITTED : Data provided    SUBMITTED --> ACCEPTED : Approved    SUBMITTED --> REJECTED : Declined    SUBMITTED --> RETRY : Corrections needed    RETRY --> SUBMITTED : Data corrected    ACCEPTED --> [*]    REJECTED --> [*]

Notes

  • INIT and RETRY require action from the integrator or user
  • SUBMITTED and ACCEPTED are managed by Narvi
  • Status updates may be delivered via webhooks

Common scenarios

StatusMeaning
INITApplication started, but is incomplete
RETRYChanges required after compliance review
SUBMITTEDWaiting for Narvi's review
ACCEPTEDApproved
REJECTEDDeclined

Narvi Payments Oy Ab is an Authorized Electronic Money Institution (EMI). Narvi’s EMI license is granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3190214-6. Narvi’s license is Passportised to all European Union countries.
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