- Implementing a consistent and resilient process for on-boarding customers and performing Customers’ Due Diligence
- Integrating the EDD process with additional sources of data for a wider assessment of client risk;
- Improving document and data collection and storage whilst reducing costs and overheads;
- Capturing and processing corporate Identities and UBO’s, as well as individual data;
- Integrating additional data to better understand links between individuals accessing accounts and their transaction history as a feed into EDD Client Risk Assessment;
- Generating a cross business, and updating cross business document renewal schedules;
- Simplifying / Automating the Re-KYCing Process.
HOW DOES HELIOCOR HELP MEET TO THESE CHALLENGES
- Ensure client permission access and use personal data from the document;
- Automatically update documents, reducing re-KYCing costs;
- Ensure documents can be “forgotten” when access is no longer needed;
- Robolitics™ controls access to the data stored in Dokstor.
Provides the compliance officer with all the information needed to investigate and understand an alert in order to close or escalate the case.
Discover how Artificial Intelligence (AI) and Machine Learning can transform banking AML process. Reduce the false positives
Robolitics is available as a Cloudera Stack based on Hadoop for high volume and real time mission critical solution with hot failover