Know Your Customer

Through advanced Entity Resolution and Graph Generation, we can automate the use of internal and external data sources to monitor for changes against current KYC profiles, including ownership structure. This provides enriched context and changes the way customer information can be used to automatically detect risk and opportunities. ​ ​

These advanced capabilities drive the automatic recalculation of profiles by identifying new direct and indirect material risk, reducing unidentified risk and reputational consequences, and narrowing the focus to significant, relevant risk to investigate further. ​ ​

Our collective, enhanced capabilities enable a more dynamic, comprehensive understanding of a customer, which drives a unique, proactive and dynamic approach to KYC decision-making.

 We are not trying to replace the work your operations teams are currently undertaking but will enhance it with automation and intelligence. With our Entity Resolution and Graph Generation, we can build a more complete picture of material risk for targeted reviews and enrich your existing approach with the detection of risks linked to the customer behavior and related counterparties. This enriched view can integrate into existing models to drive better risk detection and automate ownership structure-building. ​

The comprehensive journey to pKYC can be incremental and focused on significant challenges to start. Many of our customers take a phased approach based on priorities such as increased risk monitoring or improved efficiency. Along this journey, you will more clearly identify material risk that will help to manage the overall KYC process more effectively. ​

Also, through seamless, open architecture, your teams can continue to use the tools they are using today (e.g, CLM, Risk model, Python, R) with limited interference.

Yes. Leading companies are either on a calculated journey to pKYC with us or are already there. Leveraging our Decision Intelligence (DI) Platform which is underpinned by world-class Entity Resolution and Graph Generation, enables us to lay the trusted data Foundation and drive a transformative approach to KYC. By connecting all available internal and external data and assessing behavior, we create a unique, holistic view of customers to detect risk and opportunities automatically and continuously. We simplify the analysis of complex relationships and corporate hierarchies by overlaying risk attributes to seamlessly uncover hidden connections between customers, counterparties and their behaviors, which are often impossible to see in isolation. This dynamic approach helps transition from 1,3,5-year reviews to a dynamic trigger-based KYC process that improves inefficiencies and facilitates a continuous, informed, realistic understanding and accurate review of these risks through perpetual monitoring. ​  

Perpetual KYC (pKYC) is the continuous process of customer monitoring that is executed through a trigger-based approach to KYC refresh. This allows financial institutions to transform from the static periodic refresh model of 1,3,5-year reviews to a continuous dynamic model. pKYC is a context-driven approach that enables real-time accurate reviews, up-to-date client risk rating, improves efficiencies, reduces customer friction, mitigates the rising cost of compliance and enables your organization to meet continuously changing regulations.

Our Specialist User Groups are where customers, partners, Quantexa experts and thought leaders can share expertise, experience and knowledge across the globe on the use of data, technology & analytics. 

The KYC - Know Your Customer User Group  focuses on unlocking the potential in your data, operations and network to move away from the heavy processes and enable a shift back to the core purpose of KYC in understanding the risk associated with prospects, customers and their related activity across the life cycle. 

Join the group today in the Quantexa Community.