The Scripting Engine works hand-in-hand with KYCP’s existing
Rules Engine to deliver a dynamic layer of automation and intelligence. While the Rules Engine manages standard workflow triggers and field-level validations, the Scripting Engine allows for far more complex logic and real-time actions based on live data.
This functionality eliminates the need for vendor-side development or platform updates, putting control directly in the hands of the client in collaboration with our configuration team.
What Does the Scripting Engine Enable?
At its core, the Scripting Engine gives compliance teams the ability to:
• Define and apply advanced business rules, including conditional logic that reflects the institution’s internal risk framework (e.g. calculating a subjects’ affordability based on the input of a number of fields
• Automatically transition applications through workflow stages based on input or external results retrieved in real time through other systems.
• Adding complex validation across an entire structure of related parties (e.g. missing percentage ownership in the overall structure) before allowing progression through the workflow.
• Trigger alerts, send notifications, or assign tasks based on real-time status or risk thresholds.
This level of control means firms can replicate and automate even the most nuanced aspects of their internal policies, ensuring consistency, accuracy, and operational efficiency across all users and use cases.
Seamless Third-Party Integration
A standout capability of the Scripting Engine is its ability to integrate directly with external systems and data providers. Scripts can initiate API calls to third-party services such as credit rating providers or internal CRMs. They can also manage authentication and handle structured responses, embedding the outcome directly into the KYCP application.
This real-time exchange of data not only streamlines operations but ensures that critical decisions such as risk scoring or escalation, are made using the most up-to-date external information available.
Real-Time Logic Execution
All scripts execute instantly either within the interface as the user completes the form, or in the background as part of a triggered event. This real-time processing allows for immediate enforcement of business logic, proactive issue detection, and instant workflow progression. And because each script is version-controlled, logged, and auditable, teams can maintain oversight while quickly iterating on business rules when requirements evolve.
Use Cases in Action
Here are a few practical examples of how clients are using the Scripting Engine:
• Automatically move an application to Pending Approval and automatically assign the application to a specific team when all required fields are completed and the risk score exceeds a certain threshold.
• Calculate the Indirect and Combined percentage ownership of any type of structure at a click of a button and highlight that the overall total does not tally with the expected output.
• Calculate the affordability of a retail customer. A script that uses data in fields that are being populated on a subject to decide when the system should alert higher risk. (e.g. a subject whose monthly spend (withdrawals) exceed 60% of their total monthly average income on a regular basis.)
• Scripts to calculate Business Appetite. This type of calculation is usually based on a number of factors of a subject including the overall risk, the complexity of the related parties, the industries and many more. The scripting engine is being used to calculate such factors, which results are stored in fields in the application, which then drive and automate the workflow accordingly.
By integrating the Scripting Engine into your CLM process, you dramatically increase the scope of what can be automated and controlled without relying on product updates or third-party developers.
Whether it’s adapting to new regulation, onboarding a new product line or improving operational efficiency, this powerful module ensures that your compliance operations remain agile, scalable and fully aligned to your internal policies.