Rethinking KYC: securing compliance, increasing efficiency, creating sustainability

Financial institutions today face the challenge of organising their KYC/AML processes in a way that is not only legally compliant, but also efficient and customer-oriented. New regulatory requirements are increasing the pressure on data quality, documentation and audit cycles. At the same time, supervisory authorities and internal audits are making institutions more accountable - compliance must not become a brake on this.

Challenges in the KYC process

However, many companies are reaching their limits: structures are often complex, processes are not very automated and resources are scarce. This leads to rising costs, longer processing times and increased risk. Customers, on the other hand, expect fast, smooth processes - delays in onboarding or credit decisions have a direct impact on business opportunities.

Ready to talk? Contact us

Video: Are you familiar with the key challenges in the KYC context?

Our solution

Our KYC solution offers ongoing end-to-end KYC support, with the option to fully outsource KYC processes. KPMG KYC Managed Services offers two flexible options that can be tailored to clients’ individual needs and IT strategies. With the Agentic KYC approach, we combine intelligent automation and expertise to make KYC processes future-proof and efficient.

Option 1
Option 2
Overview

Option 1 – KYC Workforce

Our KPMG experts, who are experienced in KYC, and our service centre teams can provide flexible support for your day-to-day KYC operations, both nationally and internationally – and, if desired, even using a ‘follow-the-sun’ model. By working in line with your process model and on your IT systems, there is no need for time-consuming IT implementation and existing compliance structures are maintained.

Option 2 – KPMG Tech+

Alternatively, our KPMG experts and service centre teams can provide you with even more comprehensive support using our AI-based, fully automated platform, KPMG Sapphirus, saving you up to 50% of your KYC operating costs on average. By integrating KPMG Sapphirus into your IT infrastructure, data remains on-premises and efficiencies are enhanced.

KPMG offers two innovative solutions to support your KYC processes: KYC Workforce and KPMG Tech+. Both options provide flexible and efficient support from experienced experts and service centre teams. Whilst KYC Workforce offers seamless integration into existing IT systems without the need for additional implementation, KPMG Tech+ enables a significant reduction in operating costs of up to 50% through the AI-based KPMG Sapphirus platform. Choose the solution that best suits your needs and benefit from increased efficiency and cost savings.

Our KYC solution - your advantages

Reduced throughput times

Efficient processes and flexible integration options shorten the processing time for establishing new business relationships (Customer Identification Process, Customer Due Diligence, Enhanced Due Diligence) and ongoing identification (Ongoing Due Diligence).
Optimised cost structure

Outsourcing and automating tasks significantly reduces the manual workload, increases employee efficiency by focussing on core tasks and thus leads to a sustainable reduction in costs.
High scalability and flexibility

The service is tailored precisely to individual requirements - from selective support to full end-to-end outsourcing.
Future-proof compliance

Our solution ensures compliance with legal and regulatory requirements and reduces the risk of audit findings, fines and reputational damage.