Services
Deloitte Managed Services: Delivering excellence
Working with clients and third parties to create a unique and successful business, with evolving new business opportunities, is your daily passion at work. However, not everyone always has the best intentions when it comes to forming business transactions. The growing challenge in almost all industries is how to secure your business against reputational risk and crime. Are you always on top of your (new) business relationships and do you have someone helping you to detect inherent risks and adverse changes in your business relationships? Are you aware of regulatory implications?
We formed the KYC Utility, a highly flexible screening solution, to help you review all kind of counterparties in whatever industry you are working in and at whatever stage of your business relationship to enable you to protect your business against crime, fraud or reputational risk.
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KYC Utility (Monitoring and Due Diligence)
We provide professional services with regard to Anti-Money Laundering (AML) requirements, particularly Know Your Customer (KYC) and Know Your Transactions (KYT) compliance. Using our structured approach to implementing workflow processes, compliance checks may be performed accurately and systematically, helping and supporting our customers’ compliance professionals in their day-to-day duties to gain a comprehensive understanding of the client relationship and background. We offer a Deloitte Standard Solution comprising core modules of Client Onboarding (incl. prospects), Monitoring and Remediation of entire client portfolios, which together cover the lifetime relationship between a bank / insurance company and its clients. Our Utility Solution also includes standards for risk assessment and the evaluation of high-risk countries and sensitive industries executing media and background checks and the verification of journey of wealth which can be customized to the bank’s/ insurance company’s requirements.
KYC App
The KYC (Know your Client) App allows companies across all industries to perform fast, automated reviews (structured screening) against client lists (sanctions, PEP, unwanted, etc.) by simply scanning the customer’s ID document to detect any compliance concerns. The KYC App makes checks possible at the point of sale directly by sales staff. With the use of the "Enhanced" App potential hits are reviewed in real time for you in the background. Offering coming soon.
Service Provider Monitoring
The Deloitte Managed Service for Third-Party Provider Monitoring allows in-depth screening not only before you enter a new business relationship but throughout the entire lifecycle of the relationship. It is giving you early warnings for operational, financial, and reputational risks. All this balanced to your risk appetite.
LEI Services
Deloitte Managed Services acts as a registration agent for Legal Entity Identifier (LEI) registrations. Our offering comprehends the LEI registration and annual renewal process, which are directly integrated into the client onboarding and monitoring service. In addition, our LEI Managed Services supports financial intermediaries in obtaining LEIs for their own clients. We also assist investment firms in identifying clients requiring a LEI, and enable bulk registrations.
Our solutions set standards in the market and enable our clients to be update with their applicable regulations while outperforming most of their peers in terms of service quality and client expectations.
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Related publications
- Deloitte Banking blog, Is Regtech “The next big thing”? – First part
- Deloitte Banking blog, Is Regtech “The next big thing”? – Second part
- Deloitte Banking blog, Banking is necessary, banks are not
