Challenges in your KYC process
The Know Your Customer process is not a one time job at the beginning of new customer acquisition, but rather stays with you throughout the entire customer relationship. The challenges in the KYC environment are complex.
As an auditing firm, PwC always ensures a process in line with current regulatory requirements.
Smart Identification and Verification relieves the workload of your sales department as well as your middle and back office units. Lead times are reduced significantly.
In addition, the quality of data collection in your customer profiles increases. The KYC solution significantly enhances the customer experience.
KYC managed service for customer identification and verification
PwC has taken on the challenges and developed a KYC solution for all those who have to fulfil due diligence requirements under the Money Laundering Act before entering a business relationship.
KYC process is completely transferred to PwC
The identification and verification of legal entities for obligated companies is provided by PwC as a managed service. As a reliable third party, PwC can be consulted for handling processes in the area of obligations under the Money Laundering Act.
The use of AI
Through the smart use of artificial intelligence in data collection, PwC is significantly increasing efficiency with a particular focus on customer satisfaction. At the same time, PwC is putting an end to time consuming processes in customer acquisition (front office) and excessive staff costs in the back office units.
Smart Identification and Verification can be customised according to the processes and needs of obligated companies.
In the Spotlight
We handle the KYC process for you
We initiate the process with your client and review the information provided for accuracy and completeness. It is up to you in which stage of your KYC process and to what extent we support you.
Always up to date
Through continuous reporting, you are always up to date and retain full control over your KYC audit. The responsibility for KYC profiles also remains yours.
We support you in your updating obligations
We provide a modular solution that completely handles the updating process. This involves automated information extraction from documents and public sources, among others, including identification of the beneficial owner. An automatic completion check and client outreach functions to speed up data collection increase customer satisfaction.
Smart Identification and Verification
- Outsourcing the identification and verification process to PwC
- Establish dedicated resources to carry out the identification and verification processes
- Continuous reporting
from € 79
You have questions or would like more information about the Smart Identification and Verification?
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