Failing to adhere to Anti-Money Laundering regulatory requirements or falling short of the expected standards in Know Your Customer (KYC)/Customer Due Diligence (CDD) can result in large fines and reputational damage for financial institutions. Many financial institutions are evaluating various business models. Regulatory deadlines, process inefficiencies and fragmented data are just some of the challenges financial institutions are faced with.

KPMG's KYC/CDD Managed Service provides a leading approach which combines domain/subject matter expertise, technology and data, and operational excellence to help deliver scalable and cost effective services.

These services aim to drive sustainable benefits and provide:

  • Optimized KYC business operations with a reduction in total cost of KYC compliance
  • Enhanced customer experience for onboarding and client refresh
  • Improved risk management/financial crimes compliance to assess and monitor KYC client information for critical insights

Customer Due Diligence/Know Your Customer

Know Your Customer as a Managed Service

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Binoy Palakkal

Binoy Palakkal

Principal

KPMG in the U.S.

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Optimizing operations with KYC Managed Services

Implementing scalable and efficient solutions to help financial institutions achieve optimized Know Your Customer and Customer Due Diligence.