The need to meet regulatory requirements in relation to Client on-boarding and KYC have never been so important. Penalties for non-compliance are increasing, reputational damage wipes millions off share prices and enhanced regulatory scrutiny amounts to far more than mere inconvenience.

The biggest issues being:

  1. False positives driven by the difficulty of matching internal and external lists.
  2. Collation of documents required to investigate potential flags.
  3. Ever-lengthening KYC process.
  4. Staff costs due to a high demand for qualified staff.

The ICX4 businessDNA solution, with its links to a large selection of external data sources, can provide the most relevant match and discount 60-80% of all false positives based on user defined parameters and collate/prepare relevant information from multiple sources to speed investigations.

The benefits of this approach include:

1. Refocus expensive analyst resource onto more exciting, less repetitive activities, such as the creation of Enhanced Due Diligence reports.
2. Reduced false positives.
3. Shorten on-boarding process.
4. Faster time to value for new clients.

The ICX4 on-boarding solution can also be used for event driven KYC reviews, avoiding much of the periodic review process.

ICX4 has a range of AML and KYC solutions

Our Products

enterpriseDNA

A robust, proven global data model used by some of the world’s leading financial institutions to map their entire data landscape, providing a solid foundation for improving operational and data efficiency.

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insightDNA

Provides you with a interactive graphical representation of your data lineage allowing you to understand data dependencies, the impact of data changes and the sunsetting of legacy systems.

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businessDNA

Matches your internal data against a large selection of external data sets in real time, ensuring all corporate decisions are based on the most accurate and current data available.

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listDNA

Creates value from your data, managing complex operational list base challenges including event driven KYC and vendor management, ensuring all are consolidated where required and current.

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enterpriseDNA plus

​Combines the benefits of our four core products, to give any organisation the ability to maximise data and operational efficiency.

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