KYC (Know Your Customer)
21 January, 2021
In 2019 KYC and anti-money laundering penalties and fines cost the Global economy $36 Billion.
The associated processes are resource heavy, with entire teams doing mundane repetitive activities, prone to human error and inconsistency, in complying with the regulations set out.
Smart Automation has created an Intelligent Automation solution, which leverages multiple automation technologies, to provide a solution with the following benefits when completing Know Your Customer (KYC) on both new and existing customers:
- Superior Customer Experience
- 10x Faster process
- 10x Cheaper process
- Better risk identification
- Higher revenue (take on more customers without increasing headcount)