Know Your Customer (KYC and CDD)
The goal of the KYC process is to assess the level of risk your client or counterparty represents for you. This includes periodic client reviews and reassessment of risk ratings.
KYC and CDD Features
Analysis, insight, and integration to jumpstart financial crime prevention.
IDENTIFICATION & VERIFICATION
✔︎ Predefined information to be gathered for identification
✔︎ Standard workflows
✔︎ Automated verification process
✔︎ Connectivity with relevant internal and external data sources
✔︎ GDPR compliant
SANCTIONS & PEP SCREENINGS
✔︎ Sanction lists
✔︎ PEP lists
✔︎ Adverse media lists
✔︎ Automated IVR/EVR checks
✔︎ White listing
CLIENT RISK RATING
✔︎ Scoring model for unambiguous risk rating
✔︎ Comparison of risk rating within peer groups
✔︎ Periodic account reviews initiated from signals and requests (internal and external)
Benefits of the KYC and CDD Module
- End-to-end KYC process enablement
- One central application for all information
- SIRA and GDPR compliant
- Full integration with other modules
- Intuitive screens providing situational awareness
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