Enhanced Customer Due Diligence Intelligence

Onboard customers seamlessly, while reducing the risk of fraud, money laundering and financing of terrorism.

Enhanced Customer Due Diligence Intelligence enables enhanced and automated customer verification for (Ultra) High Net Worth Individuals. This makes it possible to onboard customers securely and seamlessly, and keep track of the evolution of their risk exposure.

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Wealth managers, investment bankers and other financial institutions face significant challenges arising from resource constraints.

These constraints involve financial limitations, technological deficiencies, and a shortage of human resources, affecting their ability to perform Enhanced Due Diligence of (Ultra) High Net Worth Individuals efficiently and effectively.

Lengthy and cumbersome procedures can impact an institution's operational efficiency. Accordingly, without security and compliance measures in place, banks may unknowingly engage with individuals or entities involved in illegal activities. This poses significant threats to the growth and integrity of the business, potentially leading to regulatory penalties and damage to the brand reputation.

Finance

Technology

People

Enhanced Customer Due Diligence Intelligence enables enhanced and automated customer verification for (Ultra) High Net Worth Individuals

Enhanced Customer Due Diligence Intelligence makes it possible to onboard customers securely and seamlessly, and keep track of the evolution of their risk exposure. This reduces the risk of fraud, money laundering and terrorist financing. Leveraging existing knowledge and data sources, it enables thorough, effective and timely assessment of customer’s risk profile. The result is the ability to make faster, more accurate and consistent decisions in the verification process, ensuring compliance and a smooth, personalized customer experience.

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Collect information

Collect the relevant and important customer information, including identity, occupation and other business involvements, relations, assets, investments, and financial history.

Conduct background checks

Conduct thorough background checks on the customer, including involvements and personal relations, legal issues, or other adverse information that may raise concerns.

Assess origin of funds

Thoroughly investigate the source of the customer's funds and wealth to determine whether the customer's financial resources are legitimate and have a proven and legal origin.

Investigate liabilities

Scrutinize subscribed mortgages, loans and other form of revolving or installment debt or financial pledges and document their respective payment terms.

Estimate and review risk

Calculate the overall risk profile and report acceptability. Periodically review and update customer risk profiles to ensure continuous compliance and risk mitigation.

Compliance

Ensure compliance with anti-money laundering (AML), counter-terrorism financing (CTF), and other relevant regulatory frameworks, reducing the likelihood of regulatory penalties.

Customer Journey

Demonstrate commitment with a secure, personalized customer experience, fostering trust and long-term relationships.

Reputation

Avoid associations with individuals or entities involved in illicit activities, safeguard your brand image and reputation.

Overview

Get a complete and clear risk overview of your customers at on-boarding and during their whole customer journey and enable risk prioritization.

Cost savings

Reduce dependency on manual labor by automating repetitive tasks, minimizing errors and overcoming staffing challenges.

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