Smart Digital KYC Remediation
- Automate nearly all aspects of your KYC remediation process
- Huge time and cost efficiencies
- Tackle your existing backlog and complete the exercise, this year
- Improved customer experience by asking once, and reusing existing data
- Automatic, consistent, scalable risk rating of all remediation subjects
- Full audit trail to share with regulators/auditors
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
AUTOMATED DATA DISCOVERY
RiskScreen OnBoard helps automate the process of assessing what data is missing or requires updating
FULLY DIGITISED PROCESS
Customers are invited to update details via a fully digitised process using mail merge and a customisable web portal
INTEGRATED KYB LOOKUPS
Intelligent means of obtaining missing data with integrated KYB lookups and reuse of existing prospect records
AUTOMATIC RISK SCORING
Automatic risk rating of each remediated customer record
INTEGRATED eIDV
Fully automated updating of electronic ID verification
FULL AUDIT TRAIL
Smart workflow and performance tracking with full audit trail and bulk data export function
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.
Find out how RiskScreen can transform your KYC remediation process
or view our other solutions: Onboarding | Screening | In-life monitoring
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.
