Fast and simple client screening at the point of sale, reducing business risk in just a few clicks.
Often an AML check is required when it is not possible to carry out an extensive onboarding process. To avoid a negative impact on the client experience, such AML checks should be done in real time at the point of sale and without involving the client. In such cases, our KYC App can screen an ID and immediately receive either a ready-to-go response or clear guidance on how to react. The KYC App is supported by a managed service that handles the screening results in real-time (you get an immediate decision) and can be extended with our due diligence product for further back-office operations.
The product includes the following modules of the Deloitte Standard approach:
The app screens the client information against sanctions, PEP and custom lists
Clear feedback is provided when the scan is successful, and results are displayed immediately. Depending on the nature of the result, the app provides clear guidance on how to react
Hit handling is performed in real time by our managed service team (optional) to reach a decision about how to continue
An audit trail, including data and a copy of the ID/passport, can be saved automatically in a central location (optional feature)
The camera automatically focuses and scans the client’s ID for further processing
The app automatically recognises and extracts the required data from client IDs and passports from a wide variety of nationalities
The app automatically identifies missing information when reading the client’s document and prompts you to scan the second side of the ID when necessary
If the client’s ID is unreadable, there is a guided process to save time and enhance the user experience
No data is saved in the app: all data is stored centrally in a safe environment
The app is protected, either by username and password, or by the biometrical functions available on your device
A password can be changed within the app (e.g. in case you change your device)
Execute AML checks at the point of sale
The app is simple and the user does not need AML expertise: it is well suited for integration within your sales process.
Easy to use
The app is fully automated and is very easy to use. Simply press a button and follow the instructions.
Your client is in focus
We fully understand that the client experience is key. Besides providing ease of use, the app ensures that checks can be executed without involvement of the client.
Deloitte due diligence standard
The Deloitte Standard is the result of Deloitte not only designing a state-of-the-art due diligence process but actually building it with latest technology, evaluating and integrating leading applications to offer a ready-to-use package at preferred rates.
This module includes a best-in-class solution for screening master data against lists of sanctioned individuals and companies, politically exposed persons (PEPs) and other custom lists. It provides accurate identification about threats and reduces false positives.
Multilingual natural language processing is used in combination with machine reading to extract factual intelligence with high precision. The module does all the heavy lifting upfront by analysing each media item and presenting risk-relevant or contextually insightful excerpts in a structured form.
Leveraging a database with information on over 400 million companies, we identify relevant relationships to/from companies and collect data on all involved parties. We provide an overview of company structures, identify the ultimate beneficial owner and visualize this information to identify risk-related objects.
Proper due diligence also covers the business network of a client. All related entities and natural persons in the client network are identified and automatically screened using our Structured Screening module. Resulting risk-related objects are highlighted for further processing.
Knowing the business network of a client, including their current and previous roles in related legal entities, provides you with a clear idea of their sources of wealth. This module calculates the person’s wealth based on all known income sources and available financial data through the business background check.
An automated risk rating considering the entire network as well as the nature of the relationships is calculated to evaluate the inherent risk of a business relationship. It is ‘out of the box’, in line with FATF rules, and can be easily adjusted to your requirements. A high-quality KYC report is automatically generated.
Easy-to-use, plug & play solutions
Deloitte Managed Services is a leading European RegTech Provider of end-to-end managed services for KYC and AML. We combine our extensive expertise with advanced technology, high-quality data and unique mapping intelligence into easy-to-use solutions, no matter which industry or jurisdiction you operate in.
We use leading technology to provide you with state-of-the-art solutions for your regulatory tasks and obligations.
Proven mapping algorithms
We deploy sophisticated proprietary algorithms to analyse huge volumes of unstructured data to identify regulatory patterns that might harm your business if undetected.
We license up-to-date applications and information services from top quality providers in their respective fields, to increase your regulatory intelligence while scaling up your operations.
Our global organisation gives us access to local legal and regulatory expertise and technology experts in more than 150 countries. We combine their capabilities with ours to deliver first-class solutions.
Deloitte due diligence standard
We convert complex problems into easy-to-use RegTech solutions, to execute tasks in the most compliant and efficient way. Access our solutions through the Deloitte KYC Utility or get your exclusive on-site installation.
We are a unique team of professionals combining Compliance, Audit, Technology and Industry expertise, using digital solutions to meet your KYC and AML obligations and resolve respective challenges.
Micha Bitterli, Head Managed Services
Micha has over 20 years of experience in regulation and audit and has worked with national and international regulatory bodies. «As a Big 4 firm we combine leading edge technology and information to efficiently deliver solutions, which enable our clients to stay ahead of their industry.»
Dieter has advised financial institutions on strategy development, operational efficiency and regulatory implementations across Europe for more than 25 years. «I am excited to see our clients’ businesses grow by deploying our advanced solutions adapted to their specific requirements.»
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