smartKYC is the world’s most advanced enterprise solution for KYC due diligence automation

Technology to drive faster, better and more cost-effective KYC at every stage of the relationship – liberating human effort to focus on decision-making rather than laborious research.

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Financial institutions and, increasingly, corporates are overwhelmed by the scale and complexity of their KYC / KY3P workloads. They are trying to cope with:

This is set against a backdrop of the systemic risk of human error along with an aspiration to go further and automatically run batch processes like remediation work or continuous risk monitoring programmes.

smartKYC solves all these problems, today.

By combining artificial intelligence, linguistic and cultural sensitivity and deep domain knowledge, smartKYC sets new standards for KYC quality, transforms productivity and hardwires compliance conformance.

Why smartKYC

The smartKYC enterprise-grade platform is designed to make the whole spectrum of KYC due diligence, from IDV to EDD, faster, better and more cost effective. How?

Faster

Through intelligent, explainable automation, the research heavy-lifting is done at speed and at scale by machine, often enabling straight through processing

Better

By reducing the risk of human error, especially in the handling of foreign language material. Every line of every source, regardless of structure or means of access, is analysed

More cost effective

Resources can be moved away from labour-intensive, ‘mechanical’ processes like searching and reading documents, many of them highly repetitive or ambiguous, to tackle more productive tasks

Solutions

smartKYC applies AI to extract precise open source intelligence (OSINT) from vast corpuses of information – internet and deep web, news archives, watchlists and corporate databases.

Multiple identifying attributes are used to ensure the right identity is being profiled, even in media sources. And all sources are robotically analysed, with semantic precision, in the native language so that every linguistic nuance is captured – not machine-translated into English first and then processed.

All of this happens at speed and at scale which means very large batch processes, for example remediation exercises or monitoring programmes can be run ‘in the background’ and only potential risks triaged for human review.

  • Batch Remediation
  • Straight Through Processing
  • Periodic Refresh & Continuous Monitoring
  • Payment Screening
  • Lead Generation and Prospect Profiling
  • False Hit Filtering
  • Enhanced Due Diligence

Technology

smartKYC combines extensive industry intelligence with a range of sophisticated, proprietary technologies including

Federated search

Public (e.g. web), professional (e.g. subscription) and private (e.g. blacklist) sources can be integrated and harmonised. We have over 50 available out-of-the-box

Sophisticated name handling

A tailored approach to variant generation, name matching, origin detection, identity matching, hit aggregation and more

Natural, multi-language processing (NMLP)

Scoring media hits for relevance based on multiple identifying attributes and extracting rich intelligence from these sources, regardless of language or script

Sounds complex, but it is actually quite simple.
smartKYC also:

  • Can be configured to reflect client risk policy
  • Can be integrated into proprietary systems or 3d party tool because of its API- first design
  • Supports a multi-tenant architecture
  • Can satisfy all security requirements
  • Can be hosted on premise or in cloud
  • Is highly scalable

Private Banking and Wealth Management

Corporate and Investment Banking

Retail Banking

Compliance Advisory and Support Services

3rd Party Risk Management & ESG

Markets

smartKYC serves the financial services and consultancy communities with a major focus on:

Private Banking and Wealth Management

Corporate and Investment Banking

Retail Banking

3rd Party Risk Management & ESG

Compliance Advisory and Support Services

If you share some (if not all) of the characteristics below, get in touch:

  • High volumes of business and a desire to straight through process as much as possible
  • Sensitivity to the potential reputational impact of an enforcement action
  • Added case complexity, often due to geographic footprint (linguistic and location) or client type risk
  • A desire to systemise a very manual process and greatly reduce, if not eradicate, multiple points of failure

Latest Blogs

Robo-Onboarding: Meet The New Normal; It’s Here To Stay

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smartKYC CEO, Dermot Corrigan, to talk at this year’s Procurement Leaders forum

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KYC: Remember It’s Know Your Customer, Not Know Your Criminal

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Jonathan Jacobi Joins smartKYC as Business Development Director

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smartKYC Wins Award: Best Use of AI at the AI & Machine Learning Awards 2020

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How to Move Beyond ESG ‘Box-Ticking’

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ESG – Is It There To Tick A Box Or Rattle The Cage?

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Getting to Know All About Your Customer: the Case for Continuous Monitoring

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Why Showing Your Workings is Essential for Trusted AI and KYC

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Eyes Always Open – KYC ‘now’

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Using Artificial Intelligence to Know Your Customers, not your Criminals

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smartKYC Wins Award: Best AI Solution for Regulatory Compliance at the RegTech Insight Awards 2020

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ESG – The Next Know Your Client Frontier

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smartKYC Wins Award: Best Data Discovery and Catalog Solution at the Data Management Insight Awards 2019

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smartKYC Recognised as One of This Year’s RegTech 100

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Deutsche’s Wealth Arm Employs Finantix Offering, Powered By smartKYC

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smartKYC Recognised as One of This Year’s WealthTech 100

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smartKYC Shortlisted for 2018 Global FinTech Hackcelerator and FinTech Awards

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smartKYC to Demo at Global Regtech Summit

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smartKYC to Sponsor WealthBriefing European Awards 2018

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smartKYC: An automated semantic engine for KYC and AML due diligence

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Deloitte Launches Managed Services Platform to Automate Bank Compliance Processes Powered by smartKYC

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