Control your due diligence costs through automation
Use the EFI to automate Enhanced Due Diligence (EDD) on counterparty Financial Insitutions, leveraging the full universe of KYC and transactional data available to your institution.
The risk assessment methodology underlying the EFI is regulated in the European Union and Validated using both EU and US Regulatory Standards.
The EDD is automatically refreshed on a monthly basis and includes screening of the transactions processed.
Opaque and lengthy EDD cycles using limited data sets
Inconsistent customer onboarding experience and requirements
Expensive, slow and inefficient processes drive up costs and limit profit opportunities
Lost opportunities to expand client and product portfolio due to lack of clarity on risk profiles
Constant friction between compliance and business teams as there is no 'shared and objective' view of risk
Upgrading to an automated monthly EDD cycle across your portfolio of financial institutions
Applying consistent and thorough risk assessment to all your counterparty financial institutions
Lowering Onboarding and Compliance costs
Setting clear risk tolerance levels across your portfolio of financial institutions
Creating shared metrics for Compliance and Business to work effectively together
