KYC is a powerful workflow-based Customer Information Management Solution that enables banks to meet the KYC requirements and pro-actively protects banks and other financial institutions from the risk of fraud and other money laundering activities.
KYC is equipped with rich features and functionalities which help in capturing customer information, performs internal and external verifications and checks, and effectively manages this information throughout their lifecycle.
The solution integrates the KYC process with the Bank’s existing customer onboarding process to ensure faster customer onboarding and eliminate business risk by providing a 360o view of customer behavior. An important offshoot of KYC is the deep understanding it provides about customers through robust customer analytics, enabling effective cross-selling and up-selling opportunities for the Bank.
How does KYC help you?