Learn how to automate KYC refresh
See how LexisNexis® KYC AutoRefresh transforms ongoing KYC compliance
Financial institutions face increasing pressure to maintain accurate, up to date customer records while managing compliance costs and operational complexity. Traditional KYC processes rely on periodic reviews, which are resource intensive and can leave gaps between refresh cycles.
KYC AutoRefresh addresses this challenge by enabling continuous, automated updates to customer profiles. Instead of repeating full KYC reviews at set intervals, KYC AutoRefresh dynamically monitors data sources and applies updates as changes occur. This helps ensure that customer records remain accurate, complete, and compliant over time.
Watch the video to learn more
This short explainer video demonstrates how KYC AutoRefresh transforms KYC processes—from fragmented, manual workflows to a streamlined, continuous approach to customer data management.
From periodic reviews to continuous KYC
In a traditional KYC model, customer data can quickly become outdated between scheduled reviews. This creates risk, inefficiencies, and unnecessary workload for compliance teams.
KYC AutoRefresh shifts this model by introducing continuous monitoring. Customer data is maintained through incremental updates rather than full re‑verification cycles, helping organizations respond faster to changes and reduce exposure to financial crime risks.
Unifying fragmented customer data
KYC processes often involve multiple, disconnected data sources, leading to fragmented customer profiles. KYC AutoRefresh helps bring this data together into a single, trusted view of the customer.
KYC AutoRefresh ensures that organizations have a reliable foundation for compliance decision making and risk assessment.
Key benefits of KYC AutoRefresh
- Industry leading, comprehensive KYC data to detect changes in material risk quickly
- Continuous, risk-based monitoring according to your risk appetite
- Precise entity resolution for a single view of the customer that can be relied upon
- Fewer manual reviews and faster cycle times for greater operational efficiency
- Enhanced, low-friction customer experience, with less unnecessary outreach
- Exceptional coverage across US individuals and businesses