Know Your Customer
(KYC/CDD)
The goal of the KYC process is to assess the level of risk a person poses to the bank or insurer serving them. This includes periodic account reviews and reassessment of risk ratings.
Know Your Customer
ForensicCloud Modules
KYC/CDD Features
Analysis, insight, and integration to jumpstart financial crime prevention.
IDENTIFICATION & VERIFICATION
✔︎ Predefined information to be gathered for identification
✔︎ Standard workflows
✔︎ Automated verification process
✔︎ Connectivity with relevant internal and external data sources
✔︎ GDPR compliant
SANCTIONS & PEP SCREENINGS
✔︎ Sanction lists
✔︎ PEP lists
✔︎ Adverse media lists
✔︎ Automated IVR/EVR checks
✔︎ White listing
CLIENT RISK RATING
✔︎ Scoring model for unambiguous risk rating
✔︎ Comparison of risk rating within peer groups
✔︎ Periodic account reviews initiated from signals and requests (internal and external)
ForensicCloud
Benefits of the KYC/CDD Module
End-to-end KYC process enablement
One central application for all information
SIRA and GDPR compliant
Full integration with other modules
Intuitive screens providing situational awareness
