KYC Utility

VALUE PROPOSITION

Clear backlog of 50k+ profiles for year 2020
Embed robust KYC utility model in global operating model
Reduce touch time and dependency on labor

KYC Utility – demonstrating modular, cross-functional nature of ELEMENT™ as part of a combined SaaS and Managed Service provision

BACKGROUND

Leading European financial institution fined significant amount for failings in KYC/AML Process

The mandate to remediate 80k+ corporate entities by end 2020, and only 30K remediated by Dec 2019

The client base spans 40+ jurisdictions, with integrated operations from Europe (Benelux, Poland, Slovakia) and Asia (India, Manila)

TARGETS

Deploying fully customized cloud-based KYC solution in 3 months, fully compliant with GDPR and FI’ information security and data security policies

Integrating 350+ primary and secondary data sources for KYC

ADDRESSING THE NEED

Fully automating desktop KYC search and profile generation
Reducing touch time by over 50%
Platform for 100+ users and meeting FI's regulatory mandate

To read more about ELEMENT™ of Compliance CLICK HERE

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