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Know Your Customer (KYC) / Customer Due Diligence (CDD)

 

With Infoglide’s technology solutions, customers can manage Know Your Customer (KYC) and Customer Due Diligence (CDD) compliance throughout the entire customer life-cycle, from customer on-boarding through ongoing due diligence. Infoglide provides several components for KYC/CDD that can operate in a stand-alone environment or as an integrated solution with the bank’s existing technology infrastructure. Our KYC/CDD solutions include:

 

Sanctions Screening and 314(a) Compliance

A key part of KYC is determining whether a prospective customer matches any entity on the various sanctions lists. For many organizations, the data needed to effectively screen their customers exists, but it is distributed throughout various systems, locations and departments. Additionally, clerical errors, linguistic differences, and purposeful misrepresentations make it difficult for typical screening tools to find similar but inexact matches within the various data sources.

 

Social Link Discovery

Occasionally, as part of the KYC/CDD process, financial institutions not only need to know if a person is on a sanctions list, but also investigate the existing relationships of a person of interest. With Infoglide Social Link Discovery, banks can identify connections with other potential members of a criminal network.