nKYC

Our networked KYC solution

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When high-net-worth individuals use an international financial centre to manage their wealth, they must undergo multiple onboardings with a professional services firm, a Trust or Corporate Services Provider and a bank to manage the trust. The process is tedious for all parties as it requires rekeying data manually and when KYC information needs to be updated, the process must be done again from scratch by all parties. 

nKYC streamlines this entire process and allows KYC information to be sent electronically and securely between different parties, meaning customers can be onboarded in days rather than months. Any business that collaborates with introducers or intermediaries to gather KYC data can benefit. This exciting innovation is currently in development.

Benefits & Features

Benefits
Features
Client_Experience
Superior customer experience – Customers no longer need to supply information multiple times
Automated refresh
Automated refresh - When one party in the chain updates KYC data, all parties have access to the updated data.
Reduce time to value
Reduce time to value – Benefit from a much quicker onboarding process and materially lower costs, as no more rekeying of data is required.
Future proof
Future proof – Data can be easily shared with new parties if client uses additional/new parties.
Privacy by design
Privacy by design – Only the fields you want to share will be exchanged
Automated data sharing
Automated data sharing – Share data with other banks and businesses at a click of a button.
Pre-populated data
Pre-populated data – No more rekeying is required as relevant data is shared
Automated pKYC
Automated pKYC – When KYC data needs to be updated, the customer only receives one request for updated data with automatic outreach.

Learn more about nKYC

Our established relationships with banks, professional services firms and TCSPs make us the ideal choice for a seamless onboarding process. 

 

KYC360 Platform Core Solutions
nKYC is part of our
complete KYC360 platform

The KYC360 platform is an end-to-end solution offering slicker business processes with a streamlined, automated approach to Know Your Customer (KYC) compliance. This enables our customers to outperform commercially through operational efficiency gains whilst delivering improved customer experience and KYC data quality.

Consolidate your system stack and data vendor relationships with one platform to cover all Onboarding, Screening, Perpetual KYC (pKYC) and CLM tasks, with market-leading data sources pre-integrated under a single license agreement. Live risk scoring and automated data collection enables a shift from periodic to event-driven review, while providing a single actionable picture of real-time risk with all documents and data in one place.

Platform

Discover how KYC360 can help
you do more, better business, faster.

Request a discovery call Talk to the team