In a newly introduced strategic collaboration, KYC Portal has teamed up with PwC UK and PwC Channel Islands. PwC UK and PwC Channel Islands will deploy KYC Portal CLM, the corporate’s shopper lifecycle administration platform that options AML know-how, together with threat evaluation instruments and superior due diligence (CDD) capabilities. For its half, PwC — with its worldwide experience in monetary crime prevention, course of administration, and regulatory landscapes — will provide its companies to KYC Portal clients.
“KYC Portal CLM is revolutionizing the way in which organizations handle compliance, threat, and shopper lifecycle processes,” KYC Portal Founder and CEO Kristoff Zammit Ciantar stated. “Via this collaboration with PwC, we’re empowering corporations with an unparalleled mixture of technical excellence and strategic perception. We’re extraordinarily proud to have been chosen by PwC for such a collaboration and are very excited to begin presenting our mixed service playbook to each current and new clients.”
A complicated collation CLM platform for CDD and AML information assortment, KYC Portal CLM centralizes and simplifies the shopper due diligence course of. KYC Portal CLM lowers prices, buyer contact factors, and total period, boosting efficiencies by over 60% throughout the board. The no-code, real-time answer options dynamic configuration capabilities enabling customers to alter processes, necessities, outreach, threat, workflow, and extra with a click on of a button. KYC Portal CLM additionally options real-time counterparty threat evaluation (CRA) by way of an automatic threat engine with user-defined parameters, weights, mixed dangers, classes, and extra.
“With KYC Portal CLM, we’re well-positioned to assist organizations navigate the complexities of compliance with confidence,” stated Mark Loring, Companion, Monetary Crime Managed Companies Lead, London PwC UK. “Our collaboration permits us to supply a seamless mix of strategic consulting and technical functionality to assist organizations in reaching their compliance and operational targets.”
Based in 2008, KYC Portal made its Finovate debut at FinovateEurope 2019 in London. On the occasion, the corporate demoed its KYCP — Know Your Buyer Portal — answer, which permits organizations to rapidly collate all information referring to every kind of topics being assessed in a single, centralized, safe repository. This repository options absolutely customizable parameters, fields, guidelines, consumer permissions, and collaborative practices.
KYC Portal is headquartered in Malta, with workplaces in Spain. The corporate contains RBS Worldwide, Loomis, and Arie Finance amongst its clients. Final fall, KYC Portal launched a SaaS mannequin of its on-premises CLM answer.
Photograph by Polina from Pexels
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