KYC & Client Onboarding
3 most common KYC onboarding challenges our platform resolves
Your data takes too much time to clean
The information provided by your clients or merchants are often unverified or may be erroneous. The verification process may also be tedious if done manually.
Getting your onboarding safe & efficient is hard
Ensuring a quick and smooth KYC onboarding experience for your clients and merchants is as important as putting robust controls in place. But achieving both simultaneously can seem impossible unless supported by the right software vendor.
No real-time monitoring abilities
Monitoring your clients or merchants in real-time is key to risk mitigation, and at times, required by regulatory bodies. But your KYC platform system isn’t connected to external live data sources that enable you to do so.
Key features of KYC software
Although sourcing high-quality KYC information is challenging, it has become essential for financial institutions and banks for enhanced risk mitigation. This makes it crucial to have software that fully supports you in the following ways:
An ideal KYC software should swiftly generate precise customer profiles with reliable data and provide a comprehensive overview of the customer’s financial relationships for more robust, error-free due diligence checks.
Besides data gathering, it is necessary to check if a potential customer is listed on any Sanction Lists and if they are risky, Politically Exposed Persons.
With software that enables easy retrieval of all essential KYC data, you can monitor and update customer ratings or re-evaluate their risk profile effortlessly.
Sanctions & PEP screening
A KYC platform that allows you to perform risk classification assessments at the beginning of onboarding helps you deliver better customer service while maintaining a low risk exposure, benefitting you and your clients.
Why trust us as your KYC service provider?
KYC software vendor trusted by regulators and corporations
Regulatory bodies, financial services and corporations trust Handshakes with their data and workflows.
Also, we are an SG:D Accredited KYC services provider company. So you can be assured of our product’s core functionalities, our ability to deliver as promised, and your data security.