Know Your Customer

Know Your Customer (KYC) is a modular compliance solution that aims to transform and digitize Know Your Customer and Know Your Business (KYB) processes. According to the vendor, this solution is designed to be suitable for businesses of various sizes, from small enterprises to large corporations. KYC is commonly used in industries such as banking, payments, corporate services, and real estate. It offers intelligent tools and customizable workflows to potentially streamline client onboarding and ongoing monitoring.

Key Features

KYC Workspace: According to the vendor, this cloud-based solution offers customizable workflows that may help streamline compliance activities and facilitate secure gathering of client information.

KYC Data: The vendor claims that this solution provides access to official incorporation documents and shareholder information, utilizing global company registries and AML watch lists. It also integrates with eKYC and IDV providers for potential secure identity verification.

KYC Review: The vendor states that this solution helps businesses stay audit-ready with perpetual KYC refreshes and continuous AML screening. Automated reviews and smart monitoring are claimed to ensure accurate and up-to-date customer records. Live Monitoring functionality is said to provide real-time compliance insights, and automated KYC refreshes are claimed to ensure ongoing compliance.

Registry Coverage: The vendor claims that this solution offers real-time access to over 500 local registries in 125+ countries, providing accurate and up-to-date company information. Additionally, it reportedly provides data extraction and auto-UBO unravelling for efficient investigation of corporate structures. Integrated AML screening and ID verification are also claimed to enhance compliance.