Industries Serviced -CDD, AML and Compliance Management Tool

Here are some of the industries that are currently using KYC Portal to streamline their processes.

KYC Portal's configuration studio is so dynamic, that it helped us service any type of industry on the market within any jurisdiction, catering for any type of regulation.

CLM and workflow platforms are usually built for a specific industry, or market. They are also advertised in a way that they specifically target verticals by industry. Our portal however, due to the dynamic configuration engine, provides a different approach.

A CLM that is being used by the same client to address different due diligence streams, in one platform. From client onboarding and due diligence, to ongoing employee screening, introducer affiliate due diligence as well as supplier and vendor onboarding and due diligence.

Different processes all under one tool, each of which have their own defined granular requirements, risk assessment, workflow and team management. All of which however can be interlinked to identify risk across parties.

Here are the benefits and use cases of some of the sectors we currently service with KYCP. This is not an exhaustive list since KYCP can be configured for any type of industry.

Banking

Clients within this industry use KYC Portal CLM for various use cases. Most of the banks use it to centralise and automate the process flow of due diligence based on all the data points that they have on their counterparties across various core systems, CRMs, ERPs as well as third party systems. Some banking clients also use KYC Portal CLM for digitising client outreach by integrating KYCP with their internet banking systems.

Asset & Wealth Management

Clients are using KYC Portal CLM to define the policy of their portfolios, usually at fund or product level allowing them to be in full control of the full due diligence process across all the various geographical markets they service. Considering the constantly changing requirements of this market, KYC Protal CLM delivers a lot of benefit to this industry.

Payment Services

There are two main use cases how our clients in Payment Services are using KYC Portal CLM. Most clients are using it to streamline the entire onboarding process of merchants and operators as well as automate the entire ongoing aspect of due diligence. We also have a number of clients who use KYCP to streamline the entire due diligence process for their B2C retail customers.

Gaming

We have clients who use KYCP CLM to service both B2B as well as B2C aspects of their business. The latter focuses on automating the entire risk based process on all of their players with embedded transaction monitoring, responsible gaming and all aspects of risk. On the B2B, many gaming customers use KYCP to streamline the entire due diligence process with Merchants, Affiliates and Operators.

Financial Services

One of the biggest industries using KYC Portal CLM including CSPs, administration, mortgage services, advisory, accounting, legal and GRC. Clients in this industry use KYCP CLM mostly to automate their overall risk exposure for all their customers (be it individuals as well as corporates) over time. Both at onboarding as well as throughout the ongoing relationship. However, most financial services are starting to offer their services to their own customers via KYC Portal CLM. This allows them to add value to the services provided to their customers.

Logistics

This industry has resulted in KYC Portal CLM being used to streamline the process of vendor and supplier onboarding and management. Often dealing with reputational damage as well as risk precaution on the type of supplier or third parties to be chosen for services. KYCP CLM is being used to streamline the entire relationship with such suppliers and vendors.

Crypto

In an industry that is still evolving on a weekly basis, KYC Portal CLM is providing our clients the best platform to be able to operate and automate the full due diligence process whilst still having the full control of tweaking the entire basis of the policy and risk assessment in real time. Clients are using KYCP to streamline the entire process of due diligence for all their retail and corporate customers.

Oil & Gas

Customers within this industry as well as mining and precious metal markets are using KYC Portal CLM to be able to streamline and manage the entire process of vendor management. A process that is quite thorough when it comes to such complex regulated industries on the market. KYCP CLM is allowing our customers to streamline the onboarding process and auomate risk assessment not only on regulatory requirements but also on internal policy, ESG, reputational damage and much more.

Insurance

This industry is yet another great use case for KYC Portal CLM. Our clients within the insurance industry are using KYC Portal to be able to streamline the entire risk assessment in real time for all their subjects be it retail customers (individuals) as well as corporate relationships. This automated aspect of risk screening on all counterparties is being used mostly to audit and monitor all ongoing relationships with customers.

Get to know all about KYC Portal

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For more information, contact our sales team on

info@kycportal.com

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Malta: +356 2141 1400
UK: +44 (0) 114 392 0015

Industries catered for by KYC Portal CLM

Here are some of the industries that are currently using KYC Portal to streamline their processes.