Remediation
Your entire portfolio at a glance.Assessing large client portfolios in acquisitions, spin-offs, or asset deals to identify the portfolio’s underlying value and risk potential.
Key features
Our Remediation Solution enables the screening of entire portfolios to detect potential unidentified risks, and to detect and resolve data quality issues. It systematically clusters and prioritises your portfolio based on an automated risk analysis and other relevant information. The Solution is not only used in normal remediation projects, but also with mergers and acquisitions of portfolios. Clients subject to remediation are monitored throughout to ensure that relevant changes in circumstances are detected and necessary actions are taken.
The product includes the following modules of the Deloitte Standard approach:
+ Structured screening
+ Media search
+ Business background
+ Client network
+ Journey of wealth
+ Risk rating
+ KYC report
For more information about the Deloitte Standard Approach, please click here.
- Automated data quality checks are performed during data import, and reports are generated to ensure complete and accurate data transfer
- An automated pre-screening identifies clients with possible increased risks (risk check), allowing you to detect potential undetected risks
- Our Solution allows you to group clients into clusters based on their characteristics, as well as the information received through the automated risk check
- Individual clusters can be prioritised to ensure that your remediation project focuses on the most relevant risks
- Automatic reports can be generated to analyse and document proposed clusters and their prioritisation for decision-making purposes
- The Deloitte Standard allows you to collect information on your client, minimising client interaction, and update the client’s KYC profile
- All clients subject to remediation are monitored by the system to ensure that no important information is missed and growing risks are identified. Cases can be re-prioritised depending on the obtained insights.
- Automated monitoring for 12 months for all cases subject to the remediation project can be executed free of charge
- Our Solution identifies missing information and data that does not comply with data quality standards (customisable)
- If data is not available internally, our Solution generates a case-specific and comprehensive questionnaire, for the client, to obtain all the missing data
- Client responses are evaluated to ensure that the data is complete and complies with the quality standards
- A report can be generated to obtain a detailed status of the project. Our Management Information System can be used to track progress against the initial plan and an audit trail is created to document the performed procedures
The product includes the following modules of the Deloitte Standard approach:
+ Structured screening
+ Media search
+ Business background
+ Client network
+ Journey of wealth
+ Risk rating
+ KYC report
For more information about the Deloitte Standard Approach, please click here.
- Automated data quality checks are performed during data import, and reports are generated to ensure complete and accurate data transfer
- An automated pre-screening identifies clients with possible increased risks (risk check), allowing you to detect potential undetected risks
- Our Solution allows you to group clients into clusters based on their characteristics, as well as the information received through the automated risk check
- Individual clusters can be prioritised to ensure that your remediation project focuses on the most relevant risks
- Automatic reports can be generated to analyse and document proposed clusters and their prioritisation for decision-making purposes
- The Deloitte Standard allows you to collect information on your client, minimising client interaction, and update the client’s KYC profile
- All clients subject to remediation are monitored by the system to ensure that no important information is missed and growing risks are identified. Cases can be re-prioritised depending on the obtained insights.
- Automated monitoring for 12 months for all cases subject to the remediation project can be executed free of charge
- Our Solution identifies missing information and data that does not comply with data quality standards (customisable)
- If data is not available internally, our Solution generates a case-specific and comprehensive questionnaire, for the client, to obtain all the missing data
- Client responses are evaluated to ensure that the data is complete and complies with the quality standards
- A report can be generated to obtain a detailed status of the project. Our Management Information System can be used to track progress against the initial plan and an audit trail is created to document the performed procedures
Advantages
Time saving
Enhance and update your data
Better client experience
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.
Advanced technology
Proven mapping algorithms
High-quality suppliers
Deloitte expertise
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.
Your Deloitte Managed Services team
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 KYC
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.»
Hugh Macquarrie, Head Deloitte Managed Services
Hugh leads Deloitte’s Managed Services offerings in Switzerland and the End-to-End KYC offering across our North South Europe member firms. Hugh is committed to finding creative solutions by bringing together Deloitte’s regulatory, technical and operational expertise and is convinced that with our managed services we can support the banking industry in combatting financial crime, whilst also reducing risk and increasing efficiency for our clients.
Contact us
You are interested in more information? Arrange a call with our experts to schedule a tool demonstration to learn more about our solutions. Use the form below to contact us, and we will get back to you as soon as possible.
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