PanOptic

PanOptic, developed by KYC Global Technologies Limited, is a risk management and KYC (Know Your Customer) compliance solution aimed at small to large enterprises in various professions and industries, including financial institutions, insurance companies, law firms, consulting firms, and regulatory bodies.

Key Features

Risk Profiling: According to the vendor, PanOptic allows users to create customized data structures to capture relevant risk and KYC information for different entity types such as individuals, corporates, funds, trusts, charities, and foundations. It also enables the linking of entities in structure charts for comprehensive risk and KYC analytics.

Alerting & Forms: The vendor claims that PanOptic offers the ability to easily create and target alerts for specific users or user groups, triggered by specific red-flag events. It also provides responsive forms that facilitate workflow following the handling of an alert. Users can monitor and track the resolution of alerts, with the option to reassign if necessary.

Reporting: PanOptic provides a suite of configurable reports tailored to specific requirements, as per the vendor. It includes a built-in SSRS report designer and allows trained customer staff to generate MI (Management Information) reports on demand. The software also offers bulk data export in various formats and seamless integration with Power BI and other business data visualization tools.

Registers: According to the vendor, PanOptic enables the import, maintenance, and capture of new entries in all compliance registers used across an organization. These registers may include SARs (Suspicious Activity Reports), training records, incidents, gifts, breaches, litigation, and more. The software consolidates registers across jurisdictions and provides a central reporting view, including WIP (Work In Progress), aging, and cumulative liability. It also allows users to link register items to affected end-customer entities for a comprehensive 360-degree view.