Know Your Customer

Know Your Customer (KYC) is a significant element in the fight against financial crime and money laundering, and customer identification is the critical first step to better perform throughout the KYC process.

It is important to perform KYC to
  • Protect customers and your organization by identifying who the client is in order to prevent fraudulent transactions
  • Obtain valuable information in order to understand client needs and what products to offer them
  • Comply with regulatory requirements to identify and verify customers
  • Risk profile customers and better manage financial crime risks
  • Perform follow up actions on KYC documents based on expiry period
  • Automate the KYC process based on the confidence score
  • Pluggable interface to update external watch list / sanctions list daily
  • Four eye principle for decision management
  • Provide a supervised learning module for improving the KYC automation rate
  • Holistic view of the KYC process for the user to action
  • Generate Alerts on the suspicious customers
  • Allow KYC check on existing customers periodically and submit the results