Datability KYC2 All-In-One Compliance for Financial Institutions
Seamless Integration, Pre-Built Rules for the Quickest Time to Value
Request a DemoWhat is Datability KYC2?
Comprehensive KYC Compliance Solution
Datability KYC2 represents a robust KYC (Know Your Customer) solution engineered specifically for financial institutions. It proficiently manages KYC compliance operations, ensuring adherence to relevant standards and regulations with precision and efficiency.
KYC2 is a compliance tool that employs advanced techniques, such as data review, profiling, cleansing, and enrichment, to align with regulatory mandates. It features a manual cleansing engine to complement automated processing, providing the flexibility to validate and modify manually entered data.
With KYC2 allows financial institutions to optimize client onboarding, resulting in enhanced verification efficiency and streamlined processes. Adhering to complex regulations, it effectively minimizes errors and ensures ultimate compliance, ensuring maximum customer satisfaction and driving business growth.
Features & Benefits
Datability KYC2 offers an impressive array of features that provide significant benefits:
Core Bank Integration
Interacts seamlessly with existing banking systems.
360-Degree Customer View
Presents an all-encompassing perspective of customer data.
Cleansing & Standardization
Easily identifies and corrects any inaccurate, incomplete, or irrelevant data, followed by data conversion to a standardized format.
Rulebook
Contains 1250+ pre-defined rules with customization capability.
Ongoing Monitoring
Offers real-time performance monitoring and alerts to guarantee that your internal resources can effectively maintain data quality.
High-Risk Clients Management
Utilizes trusted data sources to effectively identify high-risk clients and subject them to thorough observation.
Intuitive Live Dashboards
Provides a user-friendly UI and live dashboards to effectively monitor and track data quality and employees' performance.
Why Datability KYC2
Regulatory Compliance
Ensures strict adherence to all regulatory requirements through the implementation of an advanced automated rule engine and rigorous quality checks.
Increased Operational Efficiency
Achieves higher levels of operational efficiency through the utilization of automated cleansing rules and advanced workflow capabilities.
Improved Risk Assessment
Enhances risk identification and management by seamlessly integrating trusted data sources into the system.
Customer 360 View
Gains a comprehensive view of your customers, enabling better decision-making and improved customer satisfaction.
Proactive Compliance
Stays ahead of compliance issues with real-time performance monitoring and instant alerts, ensuring that data quality is consistently maintained by your internal resources.
Optimized Data Quality
Streamlines data validation and assessment processes through automation, resulting in improved data quality across all aspects.
Cost-Effective Compliance
Significantly reduces compliance costs by leveraging our operationally ready rulebook, which covers 1200 pre-built rules specifically tailored for the financial sector.
More About Product
Leveraging the latest technologies and our years of experience, KnowledgeNet builds innovative products and services that serve the financial sector and banking institutions. To get a summarized glimpse on our product, check out our KnowledgeNet Hub.
Blogs
The Importance of KYC Data Quality
Data quality is a crucial factor for any business that wants to make informed decisions. It refers to the accuracy, completeness, consistency, and timeliness of data. Poor data quality can lead to incorrect decisions, lost revenue, and increased costs. Therefore, it is important for businesses to establish data quality standards and practices to ensure that their data is reliable and trustworthy.
Read MoreUse Cases
Saudi National Bank – KYC Review Automation
Saudi National Bank is the largest financial institution in Saudi Arabia. The bank contributes to some of the Kingdom’s mega projects and surpasses boosting both its local and regional customer base. One of the bank’s latest collaborations was with KnowledgeNet, implementing the effective Know Your Customer solution KYC2. Read More
Brochure
Datability KYC2 Brochure
Datability KYC2 is an inclusive KYC (Know Your Customer) solution that helps financial institutions of all sizes and types manage KYC compliance processes and ensure compliance with the required standards and regulations with effic... Read More
