Tackling the remediation challenge
Customer remediation is one of the most laborious and time-consuming tasks for operations and compliance teams. Identifying the relationships which require updating is a major challenge in itself while the process remains a painfully manual exercise, conducted by email and even letters sent by post.
The challenge is further compounded by customers’ lack of motivation to update their information and sometimes reduced staff motivation too, as no new business is involved.
RiskScreen OnBoard not only offers full spectrum onboarding, it also works as a highly effective automated KYC remediation solution, utilising intuitive engagement tools and world class data sources to dramatically reduce time to completion and manual effort.
Smart KYC Remediation for both individuals and complex structures
Delivering a smooth and seamless path to remediation
RiskScreen OnBoard can automate nearly every aspect of the laborious task of remediation, all in one
end-to-end solution which has the flexibility to adapt to your business and risk appetite.
RiskScreen makes the onboarding, review and continual screening of our clients, effortless. This, combined with the fact that it is easy to use, means that, not only are we reducing AML risks, we are also reducing the delays in detecting compliance concerns.