KYC
Save hours mitigating risk for customers, old and new
Set up, conduct, and maintain consistent Customer Risk Assessments (CRA) easily for more informed investigative decisions.
Arrange a demoIncrease CRA accuracy by 95%
Automate 90% of EDD processes
Achieve 50% faster CRA setup
From onboarding to enhanced due diligence
Knowing about your customer base’s activities is paramount to flag suspicious criminal acts, whether customer data is brand new or already stored in-house. However, data can be split across various systems, adding to lengthy workloads associated with conducting due diligence throughout the whole customer lifecycle. This means accurate risk profiling can fall by the wayside.
Piecing together thorough CRAs, maintaining their calls for data consolidation, and adopting a dynamic course of action is possible with RelyComply, which allocates compliance resources appropriately to free up time to track and assess high-risk entities and their wider relationships further down the line.
Integrate and aggregate to build up a customer picture
Monitor the right people in the right way
All businesses set case-by-case risk thresholds to identify customers most likely to pose the risk of fincrime, and RelyComply allows for fast, flexible risk appetite updates.
One platform. Infinite possibilities
More conventional offerings do not unify their data, while the RelyComply platform consolidates consumer and risk data from separate sources and allows for document uploads.
Adaptability around the worldwide
Businesses can customise their CRA rules and calculations in accordance with the country where they are based to comply with changing, specific domestic and international regulations.
Automated EDD
Profiles that pose significant customer risk automatically funnel into a more granular due diligence cycle, triggering beneficial owner thresholds to find associated political exposure or negative media.
Get started with RelyComply
Choose your risk definition
User-set thresholds raise the accuracy of CRAs to extremely high.
Integrate seamlessly
Bring any existing CRA processes over to the RelyComply platform without hassle.
Redefine efficiency
Elevate only the most high-risk profiles for EDD and reduce costs by 30%, with compliance teams focusing only on critical areas.
Optimise CRA
Cleaner, contained data helps reduce the rate of false positives by up to 80%.
Maintain constant vigilance
RelyComply adapts to changing risks, putting users’ risk-based approach in the driving seat.
Quick KYC insights
Beyond Due Diligence: How AI-Enhanced KYB is Reshaping AML Practices
The interconnected and digital nature of today’s global financial system has amplified the challenges of money laundering and terrorism financing. These constantly evolving threats demand a fundamental shift in our countermeasures, as conventional approaches, based on manual reviews and rigid rule systems, are struggling to keep pace with increasingly sophisticated criminal tactics. This article explores … Continued
Uncovering Hidden Risks: Advanced KYB Techniques for AML Professionals
In today’s rapidly evolving financial landscape, the sophistication of money laundering schemes has reached unprecedented levels. As Anti-Money Laundering (AML) professionals, we face an ongoing challenge to stay ahead of criminals who constantly adapt their methods to exploit weaknesses in compliance systems. Traditional Know Your Business (KYB) procedures, while foundational, are no longer sufficient to uncover the … Continued
Streamline your Customer Onboarding: Navigating KYC and CDD using Innovative Technology
Striking the right balance between providing a seamless customer onboarding experience and ensuring robust compliance measures can be a delicate endeavour. This article explores strategies and best practices for streamlining the KYC/CDD process that can enable businesses to navigate anti-money laundering (AML) regulations while still enhancing the overall customer experience. The Regulatory Landscape: Understanding KYC and CDD … Continued