Customer Due Diligence

Customer Due Diligence (CDD) simplified with a fully automated and real-time data sourcing from public sources that not only expedites new onboarding and periodic reviews but also enables institutions shift from reactive KYC mode to a more proactive, perpetual KYC mode

FacctCheck, Customer Due Diligence and Business KYC

CDD has evolved massively over the past few years, with regulatory expectations requiring institutions to be in a continuous KYC mode. Traditional methods of conducting due diligence in the new world only means elongated case time, poor data quality, and constant customer friction. 

CDD has evolved massively over the past few years, with regulatory expectations requiring institutions to be in a continuous KYC mode. Traditional methods of conducting due diligence in the new world only means elongated case time, poor data quality, and constant customer friction. 

Facctcheck benefits

FacctCheck automates and simplifies customer due diligence through automated data sourcing and continuous event monitoring, enabling institutions have the latest customer data in their systems and KYC analysts to arrive at faster and accurate KYC decisions. 

CDD at lightning speed

Accelerate the KYC process, minimise delays, and reduce compliance risk through timely and accurate data processing

Perpetual KYC ecosystem with real-time trigger monitoring

Switch to real-time monitoring and alerting of trigger events, enabling precise and immediate KYC decisions

On-demand delivery of customer profiles

Access on-demand customer profiles from authorised sources, adhering to the bank’s policies and ensuring reliable information

Reduce operational costs

Reduce operational costs by up to 40% per case through efficient automation and streamlined processes

Reduce customer frictions

Reduce outreach requirements and enhance customer satisfaction. Even when outreach is necessary, pre-filled data from public sources minimises effort required from customers

Scalability and flexibility

Our solution is scalable and adaptable to meet the varying needs of different banks’ policies and procedures, ensuring a tailored approach to KYC management

Features

CDD Profile Builder

Profile Builder

An on-demand profile builder that aggregates data from multiple public sources and assigns confidence level to the data fetched, all in accordance with the bank’s policies and approved sources.

CDD Profile Builder

Profile Builder

An on-demand profile builder that aggregates data from multiple public sources and assigns confidence level to the data fetched, all in accordance with the bank’s policies and approved sources.

CDD Profile Builder

Profile Builder

An on-demand profile builder that aggregates data from multiple public sources and assigns confidence level to the data fetched, all in accordance with the bank’s policies and approved sources.

Real-time KYC event monitoring

KYC Event Monitoring

Daily monitoring of subscribed entities for events (data changes) to enable accurate and real-time KYC decisioning to ensure that most updated data are always available in the bank’s systems.

KYC event monitoring

KYC Event Monitoring

Daily monitoring of subscribed entities for events (data changes) to enable accurate and real-time KYC decisioning to ensure that most updated data are always available in the bank’s systems.

KYC event monitoring

KYC Event Monitoring

Daily monitoring of subscribed entities for events (data changes) to enable accurate and real-time KYC decisioning to ensure that most updated data are always available in the bank’s systems.

Trade Address Validations via multiple check sources

Trade Address Validations

Trade address validation via multiple sources that checks that the trade address is valid, ties it to the nature of business of the customer, and highlights if the address is a virtual address or a co-working space or a law office address, and so on.

Trade address validations via multiple check sources

Trade Address Validations

Trade address validation via multiple sources that checks that the trade address is valid, ties it to the nature of business of the customer, and highlights if the address is a virtual address or a co-working space or a law office address, and so on.

Trade address validations via multiple check sources

Trade Address Validations

Trade address validation via multiple sources that checks that the trade address is valid, ties it to the nature of business of the customer, and highlights if the address is a virtual address or a co-working space or a law office address, and so on.

Real-time Ownership Hierarchy

Ownership Hierarchy

Real-time ownership hierarchy extracted from the company’s filings in a completely automated way. This is completely customisable as per the bank’s requirements in terms of ownership thresholds, share types to consider, etc.

Real-time Ownership Hierarchy

Ownership Hierarchy

Real-time ownership hierarchy extracted from the company’s filings in a completely automated way. This is completely customisable as per the bank’s requirements in terms of ownership thresholds, share types to consider, etc.

Real-time Ownership Hierarchy

Ownership Hierarchy

Real-time ownership hierarchy extracted from the company’s filings in a completely automated way. This is completely customisable as per the bank’s requirements in terms of ownership thresholds, share types to consider, etc.

Explore how our Customer Due Diligence solution provides comprehensive insights for robust KYC compliance

Explore how our Customer Due Diligence solution provides comprehensive insights for robust KYC compliance

Explore how our Customer Due Diligence solution provides comprehensive insights for robust KYC compliance

Schedule a discovery call today

Schedule a discovery call today

Schedule a discovery call today

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