KYC (Know Your Customer)

Finomial helps you to ensure KYC compliance, stay ahead of the latest regulations, reduce errors, and speed reporting – so you can focus on accelerating revenue.

KYC (Know Your Customer)

Know Your Customer is more than a box to check – it’s a collaborative process with your clients and counterparties, and requires sophisticated analytics that cross country boundaries and business lines.

Benefits of the Finomial Platform

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Customizable Rules Engine

  • You define KYC document requirements by client type, jurisdiction and activity
  • Automatically solicit annual or periodic document refreshes
  • Request additional documentation based on client activity, risk rating changes and regulatory requirements

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Converge Data & Documents

  • Client profiles converge data & documents, instead of leaving documents siloed in shared drives or document management systems
  • Review KYC documents in the context of the client profile, documentation, communication and activity

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Four-Eye Reviews

  • Customize the workflow to ensure the right number of reviewers, configured to meet your company standards
  • Enable escalation within your organization
  • Provide audit trails for reviews and data changes

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Collaborate & Close the Loop

  • Request missing documents from clients automatically
  • Clients can provide documents directly on the platform, immediately closing the loop
  • Investors see where each transaction and task stands, including interim status such as pending review

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Audit & Reporting

  • Full audit log with transparency for business users
  • Management reporting metrics are fully customizable