KYC Portal is all about automation based on real-time risk
values, which risk is defined and managed by yourself. Since the data on which
risk is defined, as well as the definition of what is risk, is all in the hands
of your compliance team, KYCP allows for all elements to be automated.
As you can see in the video above, KYC Portal starts off by
allowing you to hook up all the sources of player data into one central system.
Player data can be sourced directly through the online portals/brands or
through the back-office CRMs that you already have in place. Once this data is
in KYCP, it allows you to set the system to identify uniqueness patterns and be
able to create a single-player view in your KYCP across all of your brands.
Once this is done, the system allows you to create any level
of data elements that are sourced in real-time. Based on these fields you can then
define your risk and workflows on how the application should flow and what should the
value of the field trigger such as increased/decreased risk, escalation to
MLROs, identifying patterns and much more.
This central console that is updated with all the data being
fed through your third party systems, then processes all the rules in real-time
and calculates risk on an ongoing basis. Which risk you can then use to
streamline actions such as requesting enhanced due diligence process
automatically based on risk or field values, triggering searches for PEPs,
Sanctions and Adverse Media and much more.
The primary focus of KYC Portal is all about reducing the
risk exposure that you as a company have when it comes to complex scenarios and
large (big) data. Giving you a quasi-real-time perspective on risk and also
automating actions on such values. All throughout which you are in full control
to be able to tweak the regulatory and policy process in the system on which
all the rules run.
If you would like to download the presentation shown above, please click here.