With the growing number of strict regulations and requirements, the Know Your Customer process gets more and more complex. For banks and other financial institutions, it translates to higher demand for qualified staff and greater complexity of tasks and procedures. It all takes a lot of time and resources.
Comarch KYC is a Robotic Process Automation (RPA) software designed specifically for banks and other financial institutions. It optimizes KYC in AML – heavily manual, repetitive and prone to human error – by enhancing data collection and input. The system uses automatic processes to derive data from different sources, both external and internal, and instantly turn them into user-friendly reports ready for further analysis in line with regulatory requirements for KYC in AML. Robotic Process Automation in banking reduces the number of manual tasks, and enables focusing on what matters most: precise and on-time risk evaluation of customers. Automate your KYC in AML processes and benefit from high-quality risk assessment.
Know Your Customer in banking usually involves cooperation between many stakeholders. On-demand high-quality data aggregation is crucial to enable effective risk assessments of financial institutions’ customers. A quick data collection for customer onboarding or periodic reviews, without the need of compromising the quality of risk evaluation, is the best way to achieve greater accuracy and better operational performance. Build professional and solid relationships with your business partners e.g. compliance teams or RMs, based on accurate information and insightful analysis of your customer’s risk evaluation. Take your team’s performance to the next level ensuring greater precision and increased speed of delivered reviews. Make a positive impact on relationships with your customers - improve their experience by accelerating time-to-yes during the onboarding process thanks to RPA in banking.
Comarch RPA for KYC leaflet
RPA in banking to improve the speed and quality of KYC checks
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