Continuous KYC from Accenture + Quantexa
Knowing your customer is one thing. Understanding them is everything.
Accenture and Quantexa have partnered to provide an automated, data-driven contextual approach to client risk assessment that we call Continuous KYC (cKYC). It improves risk identification, lowers cost and helps deliver impeccable client experiences.
Shift from periodic to event-based reviews with automated threat monitoring and screening (Politically Exposed Persons, Sanctions and Adverse Media).
Constant and dynamic risk scoring, taking a data-driven and risk-based approach across all KYC and Customer Due Diligence activities.
Link all related entities into a single dynamic network of KYC profiles, with automated KYC data collection and integration.
Screen the entire customer network as generated and flag any potential hidden risk. Perform enhanced due diligence based on exceptions.
Getting a precise picture of your clients is easy when changes in your data sets are automatically flagged.
Bank managers can build better relationships with clients when they are able to draw the right conclusions from your data.
The client experience is a happy one when unnecessary back and forth processes are reduced.
When analytics, search, data visualization and artificial intelligence (AI) come together, so too does a more detailed portrait of your clients.
KYC practices first emerged in rapid response to regulation, bringing a negative impact on cost and customer sentiment. With the right approach, we can turn KYC into a more efficient function that enhances the customer experience.
Every journey to cKYC is unique, so our approach uses self-sufficient, flexible technology that can be tailored to your needs. We design our solution around your policy, preferred data sources and overall strategy.
New tools can then be integrated easily with your existing stack. We’ll also provide ongoing data and analytics guidance to help you get the most from your data sets. As part of the end-to-end transformation, we offer change management and advisory services to bring it all together: your people, your tools and your new ways of working.
Accenture’s knowledge of the evolving regulatory environment combines with Quantexa’s cutting-edge contextual decision intelligence platform to give you an ever-evolving view of your clients.