Perpetual KYC | Ongoing Customer Due Diligence | p-KYC

A New Approach To Due Diligence

KYC Hub’s perpetual KYC involves ongoing and event-based monitoring of customer data to ensure that it remains accurate and up to date.

infographic

Industries That Can Leverage
pKYC

Banking

Insurance

Investment Management

Payments

Gaming & Gambling

Why Companies
Need pKYC

To stay in line with changing regulatory requirements

Improve customer relationships by safeguarding client accounts

High latency in re-verification leading to low operational efficiency

Dearth of real-time monitoring solutions

Manage risks with customer monitoring and suspicious activity detection

Challenges with pKYC

01

Data Privacy Concerns

Most companies face challenges and fall short of complying with changing AML regulations and guidelines. The problems get magnified when companies manage customers across geographies.

02

Technology Limitations

Lack of access to watchlists and inefficient processes involved in screening against sanctions exposes companies to regulatory fines and potential bad actors within their systems.

03

High Cost of Implementation

Doing manual screening and onboarding leads to more resources being deployed in order to be thorough often leading to poor operational efficiencies.

04

Effect On Customer Experience If Not Handled Properly

Inherent business risks and potential frauds arising due to the presence of bad actors and relationships.

Why Companies Rely On KYC Hub For
Perpetual KYC

Advanced Algorithms and Real Time Monitoring

Fully Customizable Identity Infrastructure

Reduced Latency of Re-verification

Continuous Reporting For Regulatory Compliance