Time to stop checking KYC manually - KYC2020 announces new features to help SME’s

By: KYC2020
 
 
Spread the Word
Listed Under

Tags:
Compliance
List Screening
Identity Verification

Industry:
Financial

Location:
Chicago - Illinois - US

Subject:
Features

CHICAGO - Sept. 3, 2015 - PRLog -- KYC2020 LLC. (www.kyc2020.com) is the single source for comprehensive Criminal, Sanction, and Terrorist information for Know Your Customer (KYC) & Anti-Money Laundering (AML) compliance regimes.  The latest release includes major innovations that extend the existing screening capabilities and now features batch processing which is a common requirement for larger organizations which require a less labour intensive process.  It allows for the processing of a large number of AML/KYC checks at one time.   This feature allows users to upload manually or via FTP a custom csv file and have the data parsed on a regular or ad-hoc basis to flag the data for any potential risks.  This will speed up the amount of time the client requires for KYC/AML checking. KYC2020 will detect any hits and the client would simply log to the system and verify the hits against actual results and false positives.

In addition, KYC2020 now provides the ability to create and maintain private lists within the KYC2020 system.  Private lists function the same as the public lists and are maintained internally by the client.  The client is able to interact with the list, view search results, and print PDF reports of the results.  This allows clients to save time and money by consolidating the number of systems used to conduct KYC/AML checks on clients in a single portal for searching and reporting of Criminal, Sanction, and Terrorist lists.

Other Key Features of KYC2020 in this release include;
  - Individual or Batch based searches
  - Custom Private Lists
  - Database of over 200 Criminal, Sanction and Terrorist Lists which is actively maintained
  - Downloadable PDF Reports
  - Ability to qualify/score search results

KYC2020 also released a high level road map of future enhancements, which include;
  - API Interface (Q4/2015)
  - White-Label User-Interface/Domain (Q1/2016)
  - RSS/Data feeds (Q1/2016)
  - Additional lists (Q4/2015)


About KYC2020 LLC.
KYC2020 LLC. (www.kyc2020.com) is the single source for comprehensive Criminal, Sanction, and Terrorist information for Know Your Customer (KYC) & Anti-Money Laundering (AML) compliance regimes. By leveraging the KYC2020 suite of tools, organizations can reduce risk, improve productivity, increase profitability and grow their business.

KYC2020 LLC. is head-quartered in Chicago, Illinois with locations in Canada, and India. For more information, please visit: http://kyc2020.com or email sales@kyc2020.com

To learn more please contact:
  KYC2020, LLC
  211 West Wacker Dr. Suite #1010
  Chicago, Illinois 60606
  Office: (888) 596-4407

Contact
Robert Vidal
***@kyc2020.com
End
Email:***@kyc2020.com Email Verified
Tags:Compliance, List Screening, Identity Verification
Industry:Financial
Location:Chicago - Illinois - United States
Subject:Features
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse



Like PRLog?
9K2K1K
Click to Share