Hosted KYC
EFI provides a Hosted KYC solution which combines technology and data with a targeted review by our highly trained analysts. This enables EFI to review data outside a client system, assess any related risks and finally enables us to return completed cases back to the client.
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Have you always had robust processes in place for your KYC data?
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Are you confident that your periodic and event-driven KYC review processes are up to scratch?
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Do you know what’s hidden within your legacy KYC data?
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Could this mean you are facing unknown financial crime risks?
How does Hosted KYC work?
Segregated data:
Sensitive client files that require remediation are segregated from your business-as-usual files and securely extracted to remove the burden from your know your customer team.
Cloud-based data storage:
Using enhanced IT governance, segmented data and permissions-based access, we provide end-to-end security for all client information
Data enrichment:
We hand-pick third-party vendors to enrich your client data to maximise operational efficiency
Dynamic risk model:
We co-operate closely with your team to create a collaborative risk model that best serves our goals.
Technology-based solution:
Using our cloud-based Propel platform, we use data analytics to process files with client-specific criteria.
Targeted analyst involvement:
EFI’s experienced and highly-trained subject matter specialists manually process datapoints where required: maximising efficiency without compromising on risk management.
EFI's communication promise:
Using enhanced IT governance, segmented data and permissions-based access, we provide end-to-end security for all client information