Across the globe, regulators and central banks have increased the focus on stringent processes pertaining to new customer due diligence, screening and anti-money laundering (AML) investigation. Their goal is to identify the real source of funds and overall risk exposure to prevent terrorist financing, identity theft and financial fraud. A critical component is how you perform customer onboarding or Know Your Customer (KYC).
A secure, web-based solution, KCY in a Box is available for both front- and back-office operations and designed for easy integration with customer relationship management applications. The complete managed solution includes:
- An initial customer screening/due diligence
- Enhanced due diligence
- Alerts and reporting
- Exception management and remediation
- Contact center for support and data analytics