Leverage KYC Hub’s continuous monitoring and risk evaluation, allowing the company to proactively address potential risk and minimize exposure to illegal and fraudulent activities
Lack of such platform leads to increased risk of communication lapses and misunderstanding resulting in damaged supplier relationships and user experience
02
Time-Consuming and Cumbersome Manual Processes
Lack of automated processes leads to inefficient utilisation of resources and wastage of time
03
Surface Level Due Diligence Leading to Increased Risks
Inefficient Supplier Due Diligence (SDD) processes such as screening against global watchlists often leads to increased risk of frauds
04
High Costs Associated with Management & Reverification
Cost intensive re-KYS processes often results to partial due diligence and increased risks
Why Companies Rely On KYC Hub For KYS
Automated Supplier Onboarding
Centralized Supplier Data Management
Vastly Improved Supplier Communication
Efficient Reverification and Secure Termination Processes
