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KYC Portal never forgets! The most reliable asset in your compliance team.

“I am confident and incredibly focused on my work. I can guarantee that I will never miss any kind of anomaly or issue within the compliance processes of your company. I will work tirelessly 24 by 7 and no matter how many new subjects you plan on on-boarding in the future, I can take it. I can assure you that I will identify expired documents way in advance, I will calculate the risk of your subjects, as they are being on-boarded, and I will definitely let you know the second something suspicious happens. I will never forget anything; I am KYC Portal”.

One of the major quandaries that our clients face daily, is the challenge of how many people should one employ within the compliance department. No matter the size of your company, it seems like a circle of doom. No matter how many people you employ, you can never keep up with the on-going requirements by regulators, without an automated system in place. KYC Portal (KYCP) eliminates the need to keep employing resources, to keep up with the ever-increasing regulatory burden. It automates the manual aspects of compliance, allowing the compliance team to focus on more important tasks at hand.

KYC Portal is the most reliable asset in your compliance team, it never forgets. KYCP keeps a full historical tamper proof audit of whatever happens within the system itself. There is nothing that can happen without it being recorded, even when simply viewing an organigram or a document. Even if you integrate KYCP via API with your internal system, it is also all added as part of the audit itself.

KYCP will never miss a review that is due or a document that is expired. KYC Portal transforms the need for ongoing reviews to a mere formality thanks to user-centric notifications delivered at home screen level and via email which are triggered by changes in the status of applications. KYCP also allows the manual setting of document expiry dates and will then automatically notify authorised users when a document is about to expire. By using our various customer outreach modules, you can request an updated document from your customer, which will be seamlessly uploaded and stored into your KYCP.

If you integrate KYC Portal with your chosen data provider for PEP’s, Sanctions and Adverse Media screening, you can hook up the ongoing monitoring on a regular basis and the system will notify your team should something crop up that needs to be looked at. The task of having to search a subject and audit the fact that you conducted the search is as time consuming as it is for a zero-risk subject and a high-risk subject. KYC Portal automates this for you.

One of the biggest advantages that KYC Portal brings to the table is the peace of mind that your reputation is safe guarded from any risk. The ultimate peace of mind that data, both for newly on-boarded and previously approved customers, is perfectly in line with internal risk procedures, totally compliant with regulatory requirements, up-to-date at all times and you will be alerted as soon as something needs your attention.

In the lack of automation, the only way to cope with regulatory compliance and due diligence is by ensuring that you have a team that can handle the load of subjects. However, KYC Portal directly focuses on minimising the regulatory burden on business goals, and it has never been easier.

KYC Portal

KYC PORTAL – LIFETIME DUE DILIGENCE Real-time, risk driven Client Lifecycle Management platform with full ownership of policy automation – increasing operational efficiencies and redefining business relationship outreach
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PlanetCompliance does not claim to be exhaustive, instead we are helpful for any contribution from our users, and the content on this platform does not constitute legal advice.

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