Know Your Customer

Enhance operational efficiencies and reduce the cost of compliance for your firm's Know Your Customer (KYC) needs.

What's Involved?

Know Your Customer is an integral part of any banking function. It is initiated either prior to establishing a new relationship, while opening an account, or when there are changes to signatories, mandate holders or beneficial owners, or if there is negative news related to a corporate client.

It helps establish the customer’s identity, understand their financial activities, or assess the risks associated with a particular customer. For corporate clients, there is an increased need to comprehensively understand the nature of their legal entities and their associations.

Enhance operational efficiencies and reduce the cost of compliance for your firm's Know Your Customer (KYC) needs.

What's Involved?

Know Your Customer is an integral part of any banking function. It is initiated either prior to establishing a new relationship, while opening an account, or when there are changes to signatories, mandate holders or beneficial owners, or if there is negative news related to a corporate client.

It helps establish the customer’s identity, understand their financial activities, or assess the risks associated with a particular customer. For corporate clients, there is an increased need to comprehensively understand the nature of their legal entities and their associations.

Enhance operational efficiencies and reduce the cost of compliance for your firm's Know Your Customer (KYC) needs.

What's Involved?

Know Your Customer is an integral part of any banking function. It is initiated either prior to establishing a new relationship, while opening an account, or when there are changes to signatories, mandate holders or beneficial owners, or if there is negative news related to a corporate client.

It helps establish the customer’s identity, understand their financial activities, or assess the risks associated with a particular customer. For corporate clients, there is an increased need to comprehensively understand the nature of their legal entities and their associations.

The Process

illustration of the process

The Process

illustration of the process

The Process

illustration of the process

What We Can Do

illustration of the key performance indices

What We Can Do

illustration of the key performance indices

What We Can Do

illustration of the key performance indices

How Do You Benefit?

  • Beneficial Owner (BO)/Ultimate Beneficial Owner (UBO) Identification: Identify BOs/UBOs for an entity and help curate and enrich the associated BO/UBO attributes for AML/KYC Analysts
  • Party Data Consolidation: KYC platform provides a holistic view of a customer’s activity and risks. This translates to better risk management and an enhanced risk assessment, which enables the offering of multiple services or products to a particular financial entity and other customers affiliated to it
  • Third Party Data Integration: The platform has the ability to effectively integrate with external 3rd parties to process and enrich KYC data for an entity
  • Reaction to External Events: The platform has the ability to proactively respond to external news events (positive/negative) related to a client and use the same to re-calculate the risk score and recommend the overall impact of the news on the bank/financial institution