Our leading Asian Pacific bank client was able to increase its review cycle frequency from bi-annual reviews to monthly reviews with less work, costs and time involved with our help.
Learn how we helped our client achieve this and more!
Review cycles for higher-risk counterparties were only performed bi-annually due to the manual KYC/DD processes involved. This was costly for the business, time-consuming for the compliance team and threatened its business relationships through exposed risk.
Increase review cycles, reduce exposed risk and support the compliance team’s productivity without additional costs or time involved in risk assessments.
Review cycles are now performed monthly, at a reduced manual compliance team effort and are no longer reliant on the subjectiveness of the KYC/EDD process.
Download our case study to learn how we helped the team achieve clear scoring and articulation of risk for their portfolio banks, at a fraction of the costs.