Banking and wealth management companies must use “Know Your Customer” (KYC) checks to verify identities and ensure that a new customer is someone with whom they want to do business. Now customer compliance for financial institutions can be streamlined, accelerated, and made more accurate, keeping businesses compliant and customers happy.
KYC checks are important to ensure companies avoid risky associations and potential fines. But if the process takes too long, a new customer’s first experience with the company can be negative and may even drive them away. With Nintex, these compliance checks can be fast and seamless.
Map and automate compliance checks, starting with a customer completing an easy digital form. The process is routed to all relevant stakeholders to play their parts. When a decision is reached, the customer is automatically alerted of the outcome, information is logged in your system, and the account is opened.
Nintex makes KYC checks simple. Just provide the key customer information using Modern Forms or via your current intake system and upload the appropriate government documentation. Robotic Process Automation (RPA) routes the information for review and approval, updates the record, and kicks off your new client’s onboarding process.
No matter your industry or business role, the Nintex Process Platform gives your team the tools - and time - to get your best work done.
