Sapphirus KYC/CDD solution is KPMG’s innovative response to keep up with compliance whilst reducing costs with KYC/ CDD.
Sapphirus is KPMG next generation end-to-end digital KYC/CDD solution to the growing scrutiny of regulators. It streamlines compliance KYC policies through automation, resulting in faster, safer and significantly more cost-effective processes. The demand or need comes essentially from regulatory scrutiny for compliance and not from a competitive advantage from other competitors.
Always keeping in mind the ability of KPMG to deliver better and innovative services to our customers, Sapphirus solution emerged out of the need of the growing number of companies that interact with their customers, almost exclusively online, and are burdened with manual intensive processes and extremely high financial crime compliance.
Growing regulatory demands are an increasing obstacle for organizations striving to comply with AML legislation. Inadequate KYC processes burden compliance teams with slow, disorganized, highly inefficient time-consuming and expensive procedures:
Highly dependent on manual analysis/ intervention, so more prone to error
Scattered data/ documentation means countless interactions and work duplication and poor user experience
Complex, inconsistent legal rules and continuous updates difficult data checking and validation resulting in backlog increase
Sapphirus platform: A due diligence automation platform to streamline compliance operations
Sapphirus KYC/CDD solution is an end-to-end digital automation solution for customer onboarding, remediation and continuous KYC, ensuring faster, more secure and highly cost-efficient compliance processes.
› Streamlines essential data gathering
› Automates data validation via multiple sources
› Safeguards robust ID&V procedures
› Ensure routine compliance review work
› Process large amounts of customer´s portfolios
› Enhance security and performance analysis
› Improve customer´s overall experience
A versatile single platform designed for multi-purposes.
Easily customizable to specific needs and use-cases. Truly unique!
Sapphirus takes automation to an unprecedented level.
No more backlogs
Continuous data inserting/retrieving from various sources and automatically triggers immediate remediation if needed
Onboarding Improved
A straightforward, reliable, and cost-efficient compliance process strengthens customer relations
Ongoing KYC/CDD
As a scalable data-centric platform, it operates continuously, updating case file whenever data changes and applying KYC review protocols in real-time, offering prompt feedback when needed
High level of automation efficiencies
30% reduction of compliance operations team
Around 60% of reduction of KYC Handling Time
3 times scaling of diligence execution volumes
Higher KYC/CDD Compliance Quality
60% Slash KYC Compliance and handling costs
Avoid compliance issues by accessing real-time global sanctions lists. As it speeds up the process, reduces the need for manual checks, saving time and resources
Elevate Compliance Standards
Market’s most advanced automation platform to maintain audit data and ensure top-quality compliance standards
Seamless digital customer experience
Ensures smooth and effortlessly onboarding, directly impacting customer satisfaction and loyalty
Automatic real-time updates
Automates data extraction/verification and ongoing monitoring for policy changes or alerts to detect fraud
Flexible System integration
Allows full integration with other systems and fintech solutions, simplifying workflow and enhancing productivity
