Features
KYC Lifecycle Management
- Benefit from a lifetime view of each client, perform easy data refreshes, ongoing due diligence and periodic KYC reviews.
- Our analysis tool allows institutions to review groups of clients (through filters) or at an individual level.
- Risk is reduced and staying on top of KYC at any point in a client’s lifecycle is easier, faster and more streamlined for the institution and the end user.
Digital Onboarding
- Digitally onboard both natural persons and legal structures with intuitive and frictionless data and document collection processes.
- Front and back-office teams can perform any necessary verification and approval processes quickly and efficiently directly through the platform.
- Because documents and data are sent digitally, customer onboarding is simple and efficient.
- Customers benefit from a fast, modern and streamlined onboarding process. Financial institutions enjoy improved conversion rates, reduced onboarding time, real-time access to data and easier risk analysis.
Remediation Campaigns
- Request that end-users fill in a questionnaire to automatically update their investor profile.
- Run campaigns on selected/filtered users to update their investor profile through a branded interface, giving a confident and modern customer experience.
- Notify selected end-users via email/SMS (or optionally paper mail) to connect to the platform and update their profile when required.
- Compliance and back-office teams can check details and validate end-user profiles within the system and easily export data/files as required for reporting and internal use.
Risk Scoring
- Through KYC Manager, financial institutions can request that end-users fill in a questionnaire to automatically define their MiFID II investor profile.
- Firms can run campaigns on selected/filtered users to update their investor profile through a branded interface, giving a confident and modern customer experience.
- Send notifications to end-users via email/SMS (or paper mail) to invite them to connect to the platform and update their profile
- Compliance and back-office teams can check details and validate end-user profiles within the system and easily export data/files as required for reporting and internal use.
PEP/Sanction List Campaigns
- Submit a list of KYC records to run against one or more blacklists/sanction lists. KYC checks can be automated to check KYC records against blacklist/sanction lists on a recurring basis or can be run manually.
- The platform offers complete flexibility to choose which lists KYC records are checked against.
- Enhanced functionality allows our clients to filter, export hit/no hit lists, display hit data, eliminate false positives and export data easily for reporting purposes.
KYC Files Management
Manage the entire lifecycle of your client’s KYC files and documents with KYC Manager. The platform enables clients to either update their customer data through remediation campaigns with client outreach or, once updated, ensure ongoing due diligence and periodic KYC reviews.
Onboarding Modules
Handles onboarding processes either taking place in the presence of the client or via a communication channel, of both natural persons and legal structures with intuitive and frictionless data and document collection processes.
PEP/Sanction List Screenings
Carry out PEP/Sanction list screenings within the platform by connecting to the relevant data providers. This integration can either take place through an existing agreement with an external provider the financial institution would already have in place or through a new setup/agreement via the platform.
Risk Scorings
Streamline and handle risk scorings (semi-)automatically within the system based on the financial institution’s risk matrices and policies which can be translated into the KYC Manager risk scoring module.
End-Client Outreach
Increase data accuracy by involving the end-client/investor in the data collection process via the channel of your choice. KYC Manager enables you to reach out via email, SMS text as well as paper mail via our integration with printing houses. Co-branding (e.g. with distributors/intermediaries) is also an option.
Data and Third-Party Provider Integration
Integrate and connect to data and third-party providers to speed up the execution of KYC processes (e.g extraction of corporate information, verification of identification documents directly in the KYC Manager web interfaces etc.)
Customisation
Fully customise the way customers are contacted and the data that is requested. Financial institutions can map out workflows that align with the institution’s requirements and risk matrix.
Pre-filled information
Pre-fill existing client information and make it viewable to customers – with the option to retrieve/import data from other systems – providing them with a straightforward user experience
Front office involvement in KYC file updates and onboarding
Directly involve front-office teams in the KYC client file update or onboarding processes. Front-office team members can launch workflows alongside compliance or back-office teams can review and validate the file completeness.
Real-time campaign monitoring
Monitor KYC file update campaigns in real-time. The dashboard shows an overview of the whole campaign or all the KYC files, allowing for compliance teams to action workflows and evaluate risk with ease.
Document Management
Store client documents and data (natural or legal persons, personal or corporate documents) and manage it on the platform or transfer it to your own systems automatically
Batch functionality
Avoid manual, case-by-case review and individual client KYC data update requests. Institutions can group clients and send them a digital KYC remediation request with a single click.
E-Signatures
KYC Manager enables the management of signature processes via the integration of multiple e-signature modules (SMS OTP, DocuSign Integration, Luxtrust, other)
Do you want to know what we could build together or get a product demo?
Get in touch and we will evaluate how we may help you.