Know Your Customer (KYC) Innovation: The Rise of Jurisdictional Managed Services
The importance of innovation in the KYC space cannot be over-emphasized. Inefficient processes continue to significantly impact the global annual KYC spend of banks and other financial institutions (FIs). Furthermore, lengthy delays in gathering required KYC information negatively impact the end-client experience, as well as FIs’ ability to timely execute clients’ requests for financial services.
End-to-end client identity, verification, screening and monitoring for accelerated client onboarding, remediation and refresh built on an interactive platform that streamlines KYC compliance and the distribution of due diligence documentation.
Identify gaps in your legal entity identifier with Thomson Reuters LEI Profiling Service. Under MiFID II, No LEI means No Trade.
Essential enhanced due diligence reporting that gives you detailed integrity and advanced background checks on any entity or individual. Thomson Reuters Enhanced Due Diligence reporting provides a critical framework during the anti-money laundering and know your customer on-boarding life cycle.