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How Klivar reduces KYC process implementation time and strengthens bank compliance
Case study
The challenges of KYC: a complex and costly process for banks
Assessing KYC (Know Your Customer) processes is a major challenge for financial institutions due to strict regulatory requirements, increasing fraud, and the need to improve the customer experience. Ineffective KYC leads to excessive validation delays, excessive operational burden, and increased risk of non-compliance.
Manual KYC process
Slow document verification, source of errors and inconsistencies.
High cost of compliance
Resources mobilized to manually analyze and validate files.
Poor customer experience
Long delays, frequent rejections, customer frustration, and loss of prospects.
Risk of regulatory sanctions
Inconsistencies in monitoring local and international requirements.
Klivar: a centralized platform for more efficient and compliant KYC
Klivar automates KYC process assessment by integrating an intelligent approach based on AI and data management. The solution enables banks to strengthen their compliance while accelerating customer onboarding.
Data centralization and automatic profile analysis
- Automatic extraction and validation of supporting documents.
- Analysis and verification of customer data via regulatory databases and sanctions lists.
- Real-time updates on local and international regulatory requirements.
A Fast and Smooth KYC Process for an Optimal Customer Experience
- Acceleration of KYC file validation time through automation.
- Fewer rejected documents, increasing customer satisfaction
- Easy integration with banking tools for a seamless customer journey.
Intelligent Monitoring to Reduce Risks and Avoid Penalties
- Proactive detection of risky profiles using artificial intelligence.
- Continuous monitoring of transactions to identify inconsistencies.
- Compliance with AML and anti-fraud regulations through enhanced controls.
Optimize Your KYC Process Today with Klivar