Remain compliant without jeopardizing the quality of the client onboarding process.
As the overall landscape of the finance and trade world markets continue to evolve, the need for constant monitoring of individual activity has become increasingly necessary.
Financial institutions are required to conduct a thorough review of a new customer before accepting that customer as a new client. Institutions must ensure that they have sufficient procedures in place that list the relevant documentation and information that should be obtained from each customer.
Manual KYC processes can result in delays, loss of business, non-compliance with the regulatory requirements and inefficient organizational processes. This can be eliminated by using an automated system.
Global RADAR® is a comprehensive solution for client onboarding, KYC and customer due diligence. Using our software you can obtain information during the account opening process. We assist you with identifying the client and collecting sufficient information to develop an understanding of normal and expected activity.