KYC on Demand
KYC ANYWHERE, EVERYWHERE, ANYTIME
A distributed workforce capable of working from anywhere is a new reality of many global organizations today. But working remotely, particularly when onboarding new clients or selling regulated products, brings with it a hefty dose of compliance challenges.
In addition, many financial institutions are fighting just to keep up with the breakneck pace of technological change, with many back-office systems and processes simply not designed for remote access.
Ensuring end to end compliance from anywhere!
Know Your Customer (KYC) on Demand is a high-performance, high-security global solution that enables secure remote access from anywhere in the world to complete business-critical KYC checks for retail, private and corporate clients.
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Trusted by Europe’s largest banks, KYC on Demand utilizes cognitive computing, Artificial Intelligence and Knowledge Graph technologies for best-in-class data acquisition & enrichment, and driving automatic analytical insights and predictions.
Vital data obtained during KYC functions as seed for enrichment from millions of structured and unstructured sources such as a high credential, open and restricted sources, global news, and other internal and external data sources. Ensuring immediate and complete information is included in the screened entity’s KYC profile
Financial Institutions that use KYC on Demand have seen effort reductions of over 60% and an increased analyst’s productivity by 100%. This is achieved through improved entity resolution, an automated corporate structure built up to the UBO level, data aggregation, Adverse media and more accurate screening.
Listen to a podcast session.
Liron Golan – Head of Marketing, interviews Lior Pery – Chief Engagement Officer and Michal Pilorz – Head of AML, about the present challenges related to KYC process. They also discuss a practical example of a successfully implemented solution.
With KYC on Demand you get
EFFICIENT PROCESSES
Reducing TCO and improving in time to compliance
ASSURED BUSINESS CONTINUITY
Via remote access and simple and quick integration to your existing KYC processes
FOCUS ON WHAT MATTERS MOST
With up to 65% reduction in alert volume, you can better manage risk by predicting and acting on AI-powered insights
CONFIDENCE AT SCALE
Unprecedented scalability, reliability, and security on a single platform
WORLD-CLASS CLOUD OPERATIONS
With 99.9% guaranteed availability and no downtime for maintenance
SECURE BY DESIGN
NetFoundry provides Software-only, Zero Trust, performant and reliable connectivity to KYC on demand
A FULLY MANAGED SERVICE
Offload your KYC program onto our business partner experts.
Other applications
Financial Crime (Fraud)
By creating a contextual understanding of the business environment in real-time, this application discovers sophisticated patterns of potential fraud across entities, time and space. It’s the next generation of Fraud Intelligence.
Transaction Intelligence
Interpreting events of temporal nature and monetary value, such as financial and commercial transactions, based on the event profile, related entities, and other related events.
Market Intelligence
The first autonomous, continuously-evolving index of companies with comprehensive, customisable profiles and analysis.
ELEMENT™ of Compliance
Designed to encompass the entire compliance process, addressing regulations including Know Your Customer (KYC), Anti Money Laundering (AML), Counter Terrorism Financing (CTF), Screening (Economic Sanctions, PEP) and General Data Protection Regulation (GDPR), while increasing operational efficiencies.