Integrating Bankers Almanac KYC API into your KYC and CRM platform can help you benefit from:
- Increased efficiency – According to your corporate policy, the KYC platform can select the correct corporate policy, then based on that, instantly download all required due diligence information from the API, ready for KYC analysts to review.
- Increased effectiveness – Data can be served directly within workflows in the structure that is easiest to review, so KYC analysts can focus on risk-based decision-making.
- Improved accuracy – Automating data collection reduces opportunities for human error and ensures KYC analysts correctly follow the corporate policy for every customer.
Which functions can Bankers Almanac KYC support?
Bankers Almanac KYC supports a range of departments with their financial counterparty KYC and pre-screening needs:
- Client Service Management
- Compliance Operations
Clients rely on Bankers Almanac KYC when:
- Conducting KYC checks on new customers
- Performing periodic reviews of existing customers
- Making recommendations about customers based on their risk profile
- Searching for new prospective financial counterparty customers
- Performing KYC and compliance checks on entities
Ensuring data quality
Our team follows a rigorous methodology which includes:
- Proactively liaising with primary sources, including financial institutions and regulators
- Conducting quality control checks on data and documents, ensuring all information meets the required standard
- Maintaining a transparent update and maintenance process, including documenting the attempts made to contact institutions for new, verified, or updated information
- Proactively maintaining information by conducting reviews on a regular cycle and on an event-driven basis