Enhanced adherence to global regulatory standards and realizing ROI while ensuring Enterprise agility
Fraud and money laundering are on the rise internationally, and regulatory authorities are constantly striving to arrest them. Governing bodies like the ICASA (South Africa), TRAI (India), NAIC (USA) mandate new and existing customer verifications in the telecom and Insurance space. The Bank Secrecy and Patriot Acts also provide for a compulsory Customer Identification program.
Hence, KYC: The due diligence and regulation that telecom companies, financial institutions etc must perform to identify and ascertain their customers.
Intense’s KYC solution captures customer information viz., application form, metadata, photograph, Proof of Address (POA), Proof of Identity (POI) and fingerprints to comply with International regulations. The information thus captured is sent through an intelligent check that involves audit, data entry, error correction, QA and warehousing.
In complying with the various regulatory requirements cost-effectively and efficiently, KYC provides for:
- Fingerprint capture
- Mobile application to upload application forms and addenda
- Intelligent workflow for automation of end-to-end application processing
- Electronic storage of documents
- Physical document tracking mechanism and warehousing
Manager, ICT
Kenya
We selected iECM (unidocTM) for its integrated approach in delivering a single solution for workflow, eForms, document management and reporting. We are happy to share that the product is performing to our stated and expected business objectives.
Sheila Paul
Head – IT, LOOP Mobile