Data agnostic, automated search across third party, internal, and open sources datasets in near real time concurrently.
Know your customer (KYC) due diligence and compliance checks require a great amount of manual effort. Our software solution enables you to automate all stages of your KYC and KYB checks, even complex enhanced due diligence (EDD) for higher risk customers, saving up to 85% of your analysts’ time.
More Stringent Regulations
Tighter compliance regulations mean businesses are under increasing pressure to better understand their customers.
Manual Processes are Driving Up Costs
Manually carrying out KYC remediation and enhanced due diligence for higher risk customers require much more time, impacting costs of compliance and customer experience.
Data Agnostic Automation Not Available
Solutions capable of delivering efficiencies by automating KYC checks across third party, open source and internal disparate data sources not available.
Our solution, Scout®, is a unique automation platform, enabling you to create search and risk assessment workflows for KYC compliance checks that are capable of collating, analysing and reporting across Synalogik, third party open source and internal datasets as one. In doing so, making it possible to automate enhanced due diligence for high risk customers.
Save up to 85% of your team’s time
Complete hours of work in minutes
True single intelligence environment for KYC – Along with Synalogik datasets, internal data and open-source intelligence, Scout®’s third party integrations include Companies House, CIFAS, Creditsafe, DVLA, DVSA, Equifax, Land Registry, LexisNexis and TransUnion datasets.
Synalogik datasets – Synalogik datasets include standard, enhanced and premium personal identifiable information (PII); global commercial data; PEPs and Sanctions; credit application; disposable phone and email; credit address links; CCJ and bankruptcy; land registry; and compromise checker, among others.
Create search and risk assessment workflows that collate and analyse across your data sources, along with visualisation of links, make it much easier to discover hidden connections and risk.
Customise your workflows to assess risk of all complexities, at any stage of the customer relationship, whether it is simple or high-risk customer onboarding or ongoing monitoring.
Include variable data like Companies House to monitor your customers, reassess at periodic points, and then proactively identify customers whose patterns of behaviour are moving towards offending.
The generation of reports in less than sixty seconds allows you to make decisions more swiftly and improve your customer experience.
Standardised, concise reports with all sources referenced enable your analysts to make better decisions.
Automation of cross referencing and drawing links across disparate datasets reduces the errors that can occur when doing this manually and improve accuracy.
Scout® overcomes the problem of returning too many results from open-source searches with tools to create highly targeted automated searches around keywords, proximity, time-frame and document type.
Our sophisticated cleansing technology reduces false positives by allowing you to evaluate potential targets from multiple data sources by prioritising on name spelling, date of birth or even location.
Scout® ‘s KYC automation tools are already delivering significant R.O.I gains for businesses wishing to know their customers and meet compliance needs across financial services, gambling, insurance and many other sectors.Learn How Scout® Works
With numerous technology solutions in the market, it can be a problem to know and understand which one is best for you. In this article, we pick apart the core elements of a successful enhanced due diligence investigation so you can better evaluate a provider’s offering.