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Solution

Automate your KYC processes for faster onboarding, for all your customers

Know your customer and supplier checks require a great amount of manual effort. Our solution enables you to automate all stages of your KYC and KYB, including onboarding, remediation, monitoring and complex EDD for higher risk customers, saving up to 85% of your analysts’ time.

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Existing KYC processes are manual, limited and static

More Stringent Regulations

Tighter 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 all aspects of KYC including monitoring and EDD stages that require multiple data sources not available.

Investigating supply chain modern slavery

Automate all stages of your KYC for optimal efficiency

Our solution, Scout®, is a unique automation platform capable of scaling to handle all aspects of KYC and KYB checks, including EDD and remediation, and ongoing monitoring to maximise operational efficiency.

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Save up to 85% of your team’s time

Get reports in seconds

Complete hours of work in minutes

Key Benefits

A true single intelligence environment for KYC with commercial, consented, consumer, open source and internal data concurrently risk assessed; saving time and reducing cost.

Out-of-the box integrations include GB Group, LexisNexis, CreditSafe, Companies House, open-source intelligence, and credit reference agencies.

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, suppliers, and counter parties across financial services, gambling, insurance and many other sectors.

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Our Clients

Testimonials

“Synalogik have quickly grasped our requirements and worked with us at pace to meet all of our corporate governance steps.”
Gavin Coull
Enterprise Fraud & Authentication Strategy Lead –
NatWest Group
“We are delighted to partner with Synalogik to support our due diligence across our intermediary sales team ensuring the highest standards of compliance are maintained.”
Sam Perrin
Head of Intermediatory Sales Quality –
Vitality
“In my experience using and reviewing compliance tools, Scout® is the best I’ve come across in the industry.”
Claire Farrugia
Head of Compliance –
Transact Payments Limited
“Synalogik delivers on our vision of leveraging innovation and technology to create the best experience for every customer whilst delivering the highest standards of compliance effectiveness and corporate governance.”
Brendan MacDonald
Director of Customer Protection –
Entain

Our Partners

Case Study

KYB: Scout® Automates the Investigation of Modern Slavery in a Potential Supply Chain Agreement

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Blog

How to Choose the Right Technology Solution to Optimise Your Enhanced Due Diligence Processes

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.

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