RiskScreen

RiskScreen is a comprehensive onboarding, screening, and KYC solution offered by KYC Global Technologies Limited. According to the vendor, it is designed to help businesses reduce time to revenue and cost inefficiencies through intelligent process automation. RiskScreen caters to companies of all sizes, from small businesses to large enterprises. It is utilized by compliance officers, risk managers, financial institutions, fintech companies, professional service providers, investment firms, payment processors, regulators, and government agencies.

Key Features

Scalable: RiskScreen is claimed to be a scalable solution that can handle increasing volumes of customer onboarding, screening, and KYC processes without compromising performance or efficiency.

Configurable: According to the vendor, RiskScreen is highly configurable to align with the unique requirements of each business, allowing users to customize the solution to suit their specific workflows, processes, and compliance needs.

Risk-based: RiskScreen is said to adopt a risk-based approach to customer onboarding, screening, and decision-making, enabling businesses to assess and rate the risk associated with new prospects, suppliers, and complex client structures.

No code: According to the vendor, RiskScreen is a no-code solution, meaning that it can be implemented and customized without the need for extensive coding or IT expertise, offering intuitive tools and interfaces for configuration and adaptation.

Rapid go-live: RiskScreen is claimed to offer rapid go-live capabilities, minimizing the time and effort required for deployment, allowing organizations to quickly implement and start using the solution for intelligent process automation.

Digital Onboarding: According to the vendor, RiskScreen provides a digital onboarding platform and mobile app that accelerates the verification and risk rating of new prospects, suppliers, and complex client structures, covering both KYC and KYB onboarding without face-to-face interactions.

AML Screening: RiskScreen enables businesses to screen against sanctions, PEP lists, and watch lists from leading data providers, offering real-time monitoring of adverse media to reduce false positives without compromising on true matches, as claimed by the vendor.

KYC Remediation: According to the vendor, RiskScreen automates various aspects of the KYC remediation process, providing significant time and cost efficiencies to tackle existing backlogs and complete the remediation exercise efficiently.

World-class technology. World-class partners.: RiskScreen partners with leading global providers of AML data and CRM solutions, leveraging data from these partners to ensure comprehensive and reliable risk screening and decision-making, as claimed by the vendor.

Flexible: According to the vendor, RiskScreen offers configurable technology that aligns with businesses' risk appetite and internal control environment, providing solutions that can be explained and avoiding the use of opaque black box solutions.