Data-Only model

The Data-Only model enables streamlined onboarding in tightly controlled scenarios.

This model is exclusively available when strict eligibility criteria are met and has been enabled by Sokin for your integration. It is not selectable via API and applies only to approved use cases that satisfy the defined jurisdictional and risk conditions.

Eligibility criteria:

The Data-Only model applies when:

The corporate entity is registered in the United States

At least one Director or UBO is either:

A US resident, or

A resident of a supported jurisdiction

If eligibility conditions are not met at any stage of the onboarding flow, the system will automatically transition the onboarding session to the appropriate due diligence model (typically Non-Reliance).

The API response will clearly indicate:

The updated due diligence model

Any additional document or data requirements

Once a model transition has occurred, it cannot be reverted within the same onboarding session. If you wish to proceed under the same model, a new onboarding request must be created.

This ensures compliance is maintained without disrupting your integration flow.

Model characteristics

The Data-Only model is designed to reduce document friction while preserving regulatory screening and oversight.

Key characteristics:

Corporate document uploads are not required at submission stage

Associate documentation is limited to proof of identity (Passports only).

Parent entity documentation may be requested depending on structure and risk

Full compliance screening is still performed before account issuance

All Data-Only applications remain subject to regulatory screening, sanctions checks, and internal risk assessment prior to approval.

Data scope

Although document uploads are reduced, the following information categories must still be submitted via the Create a new corporate API:

1. Corporate information

Registered legal name

Registration number

Jurisdiction of incorporation (must be US only)

Registered address

Business activity details

Corporate tax identification number (EIN)

Corporate website

Business description

2. Business identification information

Government-issued identification details

Tax identification number (where applicable)

All submitted information must be complete and accurate. Incomplete or inconsistent data may result in model escalation or review delays.

Associate constraints (Data-Only)

Additional eligibility rules apply at associate level.

Residency requirement

At least one qualifying associate must meet residency requirements:

LTD / LLC / PLC / Pty Ltd
At least one Director must be US-based or resident of a supported jurisdiction

LLP
At least one Partner must meet residency requirements

Sole Trader
The Sole Trader must meet residency requirements

Identity requirements

Passport required as proof of identity

SSN required for US residents

National ID number required where mandated by jurisdictional screening rules

Screening requirements are determined by the associate’s residence country and regulatory configuration.

Parent entity structures

If a layered ownership structure exists:

Parent entity information must still be declared

Documentation requirements may be reduced, but risk-based review still applies

The same jurisdiction and associate residency eligibility criteria applicable to the primary onboarding entity also apply to the parent entity and its associates

For example:

If the primary corporate entity must be registered in the United States to qualify for the Data-Only model, the parent entity must also meet the same US registration requirement.

If at least one Director or UBO of the onboarding entity must be a US resident or resident of a supported jurisdiction, the same requirement applies to the parent entity’s Directors and UBOs.

If a parent entity introduces associates who do not meet residency eligibility criteria, the application may no longer qualify for the Data-Only model.

If risk thresholds are exceeded, or if parent entity eligibility requirements are not met, the application may be escalated to a full-document due diligence model.

Automatic model transition

The Data-Only model is continuously validated during onboarding.

If:

Jurisdictional criteria are not met

Ownership structure introduces elevated risk

Required identity conditions are not satisfied

The system will automatically migrate the onboarding session to the appropriate due diligence model.

The API response will indicate the model change and additional requirements.

Eligibility criteria:#

Model characteristics#

Data scope#

Associate constraints (Data-Only)#

Residency requirement#

Identity requirements#

Parent entity structures#

Automatic model transition#