The complex regulatory landscape and threat of harsher enforcement actions are forcing firms to review their compliance processes. It is crucial for firms to dynamically maintain accurate customer information as client risk profiles can change quickly.
An automated approach can increase operational efficiencies and scalability. It can also free up staff from burdensome repetitive work and allow them to focus on core business activities. However, there are a variety of challenges for firms considering a transition to pKYC. These include:
The KYC360 Perpetual KYC module allows users to automate the monitoring and updating of KYC information at scale. As a result, our clients see a reduced time to value and lower material costs allowing them to comply and outperform.