KYC solution
Technology to help streamline and scale your KYC Operations. Powered by Deloitte’s next generation intelligent case management and workflow solution.
Introducing our KYC Solution
Financial institutions and Organisations face increasing regulatory challenges within their Know Your Customer (KYC) operations, especially when you add into the mix legacy technology, disparate processes and a lack of system controls, which are compelling them to think and act differently.
That’s why we developed our proprietary KYC solution. Founded on years of expertise and informed by customer due diligence best practice, our intelligent case management and workflow solution addresses all your KYC requirements, including accelerated on-boarding, ongoing due diligence, alert clearing look backs and remediation and refresh.
It provides a clear view of your KYC case management processes, enhancing data quality and traceability, using automation to help drive programme efficiency and improving the customer experience, all whilst meeting your regulatory requirements in a robust way.
Benefits
Deliver faster results
reducing onboarding time (improving time to revenue) and streamlining ongoing due diligence monitoring, refocusing compliance teams on higher value risk subjective areas.
Realise operational process efficiencies
through automatic data feed connectivity to internal systems and third-party data repositories, technology accelerators and GenerativeAI powered solutions.
Leverage trusted templates and data sets
supporting a wide variety of organisation customer types, including natural persons and risk designations, tailored and implemented to suit your policy requirements.
Configure easily
with logical and user intuitive workflows customised to specific business rules, accommodating different workstreams and flexible permission-based user roles.
Access and scale with ease
with agile Client or Deloitte hosted infrastructure, allowing operations to be scaled on demand.
Achieve quality regulatory outputs
with integrated data validation and logic controls in the workflow, improving analyst performance, reducing rework, surfacing root cause analysis and streamlining quality control and assurance activities.
Secure total visibility of your programme
with full audit trail, supported by secure, irreversible audit logs and audience-oriented analytics and MI, providing real time operational insights and transparency.
Reduce key-man dependency
and minimise business continuity and operational risks.
Free up your internal resources
allowing them to focus on controls or core value adding business activities.
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Features
Customer onboarding, remediation and refresh
- KYC data and documents sourcing and verification/qualification
- Shareholding structure definition and visualisation
- Screening alert generation and summarisation
- Transactional review with insights, alert clusters, summary dashboards and activity visualisation to identify anomalous behaviours and risks
- Entity resolution and linkages based on identified hierarchy or common relationships
Ongoing monitoring and due diligence
- Sanctions, PEP and Adverse Media name screening
- Customer risk scoring
- Customer data enrichment based on automated notifications, (expired documentation, change in details, risk profile revisions, etc)
Watchlist and adverse media screening
- Leading name matching technology
- Market leading watchlist, including sanction/official lists, PEP & relatives, adverse media
- Business rules to decrease false-positive rate
Solution and Infrastructure
- Web based and user friendly solution
- Client hosted or Deloitte hosted with end user access secured through multi-factor authentication
- Secured data hosting with multi-site back up
- ISO27001 certified
