The KYC profile manages key data as part of customer due diligence requirements. Risk classifications help in the regular re-evaluation of customers with high levels of risk. The KYC profile is also part of the onboarding process.
ACTICO KYC digitizes and automates the KYC process as part of the onboarding process. ACTICO KYC’s IT-supported decision-making includes carrying out risk assessments of new and existing customers. The KYC profile makes it possible to identify customers, establish the beneficial owner and clarify the economic and financial background to the business relationship.
Key Features
All necessary customer information is stored, updated and managed in the electronic KYC profile. It includes information on the business relationship and beneficial owner.
Beneficial owners of legal entities can be documented in ACTICO KYC. It also makes it possible to establish relationships between entities.
Risk classifications can be carried out during the initial account-opening process and also used for continuous monitoring and updating of all customer ratings.
New and existing customers are checked against sanctions and PEP lists. PEPs are treated with extreme care.
ACTICO KYC supports the re-evaluation of customer risk based on KYC data.
ACTICO KYC provides interfaces to allow the checks to be integrated into the on-boarding process.
Digitize KYC
Increase digitization and efficiency through machine learning
Targeted checks thanks to the system’s standard rules, which can be adapted as necessary
ACTICO Compliance Solutions – powerful software for compliance and fraud management
Machine Learning
ACTICO’s Machine Learning module brings together the expertise of compliance managers as reflected in rules and the empirical knowledge that is gained from data. ACTICO Machine Learning is a module in the Compliance Suite and can be used with KYC.
Rule-Based
Monitoring and risk classification are based on transparent rules that are stored in the system. The rules can be redefined and adapted to respond instantly to changes. This is made possible by its flexible architecture, which allows standard rules to be adapted and supplemented by specific thresholds and individual guidelines.
Compliance Suite
ACTICO Compliance Solutions is a powerful software for compliance and fraud management. All the relevant information comes together in this single application, which handles all necessary tasks, such as clarifying hits, storing documents and producing regular reports.
Benefits
With ACTICO KYC, you have all the benefits of industry-proven standard software.
ACTICO KYC can be adapted to suit your specific requirements. Its services can be integrated into your onboarding processes.
ACTICO KYC helps you to meet your customer due diligence obligations.
„The risk assessment of KfW supports the entire client onboarding process and provides the account manager with automated instructions on how to proceed with a lead.”
Dirk Hahn
Senior Regulatory Law/KYC Consultant, KfW
ACTICO KYC is a Compliance software for ensuring Customer Due Diligence in banking. Only those institutions that have up-to-date information about their customers will be in a position to identify whether or not a customer relationship or transaction is suspicious.
Download brochureAML powered by AI: Banks and insurers see great potential for savings by reducing the number of false positives. Machine Learning can act as booster by simplifying and accelerating processes.
Download whitepaperFinancial companies cannot avoid the cost of KYC. What if KYC were not just looked at by compliance glasses?
Read the blog post