Our Solution offers ongoing regulatory monitoring to update the service provider dossiers on a regular basis. Identification of risk-relevant changes in circumstances enables rapid implementation of risk mitigation action. Integrated delta searches eliminate the need to process information more than once.
Advantages
Know your counterparties. Obtain relevant information and early warnings about your service providers, to manage risks in a fast-changing world where relationships can become toxic overnight.
Self-service platform. Collecting the right information from your service providers and keeping it up to date can be very time-consuming. Our self-service platform reduces your time to zero and the time spent by your provider to a minimum.
Instant and comprehensive provider profile. Our self-service platform allows you to search for all the relevant information about a specific provider, including the detailed screening report and the information added by the provider. You can write comments about your experience with the provider and rate them on the platform, for when you consider placing a subsequent order.
Let’s make this work.
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You can choose to report new service providers to us to begin the onboarding process or to automatically invite them to provide their relevant data directly into our self-service platform
The onboarding process uses customised questionnaires to assess the provider and (as an option) the services provided
The screening of service providers is based on the Deloitte Standard and covers the most relevant stakeholders, such as high-level management, significant shareholders, and the Ultimate Beneficial Owner
The process generates an onboarding report, highlighting potential risks
Each year following their onboarding, our Solution invites the service providers to update their information, either directly or through our self-service portal
Our self-service portal allows your service providers to open an account and to provide and maintain the information required by your organisation
Automated emails prompt service providers to join the platform, maintain their records, and provide information on request
The portal dashboard highlights open tasks, and simple processes guide the service provider to submit and maintain its data
If relevant information has changed, the relationship is re-screened
Easy-to-use, plug & play solutions
Deloitte Managed Services is a leading European RegTech Provider of end-to-end managed services for KYC and AML. We combine our extensive expertise with advanced technology, high-quality data and unique mapping intelligence into easy-to-use solutions, no matter which industry or jurisdiction you operate in.
We deploy sophisticated proprietary algorithms to analyse huge volumes of unstructured data to identify regulatory patterns that might harm your business if undetected.
We license up-to-date applications and information services from top quality providers in their respective fields, to increase your regulatory intelligence while scaling up your operations.
Our global organisation gives us access to local legal and regulatory expertise and technology experts in more than 150 countries. We combine their capabilities with ours to deliver first-class solutions.
Deloitte due diligence standard
The Deloitte Standard is the result of Deloitte not only designing a state-of-the-art due diligence process but actually building it with latest technology, evaluating and integrating leading applications to offer a ready-to-use package at preferred rates.
Structured screening
This module includes a best-in-class solution for screening master data against lists of sanctioned individuals and companies, politically exposed persons (PEPs) and other custom lists. It provides accurate identification about threats and reduces false positives.
Media search
Multilingual natural language processing is used in combination with machine reading to extract factual intelligence with high precision. The module does all the heavy lifting upfront by analysing each media item and presenting risk-relevant or contextually insightful excerpts in a structured form.
Business background
Leveraging a database with information on over 400 million companies, we identify relevant relationships to/from companies and collect data on all involved parties. We provide an overview of company structures, identify the ultimate beneficial owner and visualize this information to identify risk-related objects.
Client network
Proper due diligence also covers the business network of a client. All related entities and natural persons in the client network are identified and automatically screened using our Structured Screening module. Resulting risk-related objects are highlighted for further processing.
Journey of wealth
Knowing the business network of a client, including their current and previous roles in related legal entities, provides you with a clear idea of their sources of wealth. This module calculates the person’s wealth based on all known income sources and available financial data through the business background check.
Risk rating and KYC report
An automated risk rating considering the entire network as well as the nature of the relationships is calculated to evaluate the inherent risk of a business relationship. It is ‘out of the box’, in line with FATF rules, and can be easily adjusted to your requirements. A high-quality KYC report is automatically generated.
Deloitte due diligence standard
We convert complex problems into easy-to-use RegTech solutions, to execute tasks in the most compliant and efficient way. Access our solutions through the Deloitte KYC Utility or get your exclusive on-site installation.
