KYC Portal

Avantages

The flexibility it offers. The system is intelligently designed for users to implement according to their needs.

Inconvénients

A little bit overwhelming to set up but that also shows how thorough the system is.

Avantages

It's user friendly and very fast customer support.
Interface is very easy to use

Inconvénients

It's very secured and user friendly system

Avantages

Integrated with our registration system and also with screening services.

Inconvénients

More functions are required.
Could be more user friendly.

Avantages

Automated Workflow engine , this the greatest function i have ever seen ,
Using this tool we can design our won workflow that who to flow the process as we need , the entire due diligence and the operational aspect can be define through it by using operational users as well And also it has all in one dashboard which is very graphical that show's eye caching grasps

Inconvénients

All the fetches are need to be buy separately , i hope if its can provide some more for the bundle that would be great,

Avantages

The ability to profile and risk analyse from start to finish, with the flexibility to change our risk rating as our business changes

Inconvénients

That I could have more time to configure more things! The software is adaptive and I just want more time to release more potential that I know it has.

Avantages

Good software with extensive options and frequent updates that makes life of AML department easier. It is sufficiently user friendly, and one does not to be an IT specialist to use it. Very good after sale support from the team is provided.

Inconvénients

The biggest drawback for me is that there is no proper manual how to use it available, and when it come to doing some re-setting or new setting it is not very easy to handle.

Avantages

The software is flexible enough to make it cater for your own requirements. It can be used to ensure your internal policies and procedures are updated and internal controls are in place.

Inconvénients

It takes a lot of work to configure the software to meet your specific needs. Certain areas, due to flexibility, provide a back-door/weakness that can damage current data by mistake. Especially when the user can have the ability to over-write current / existing data with new one. This should be a specific right given to users not automatically given, as a user (especially new ones) may overwrite good data with bad data by mistake. Furthermore, status changes should be found in a separate notepad (not the main one mixed with all other changes)

Avantages

i like the options it gives me to either approve or reject a kyc

Inconvénients

once you reject a kyc information, the customer would not be able to fill a fresh one, except you delete the rejected one.

Avantages

Flexibility to customize programmes to support different jurisdictional requirements. Ability to integrate with 3rd party software, and ability to customize risk ratings.

Inconvénients

There were a few reporting features we wanted that required customization.

Avantages

The fact that it has all the features you can wish to have.

Inconvénients

The access rights are very good and granular which in turn make their allocation delicate and complex.

Avantages

the number of features, its customisability and the ease to follow up on AML dealines

Inconvénients

since we were involved from day 1, we had to go back to applications created to update new tabs / features

Avantages

The system took into account all out risks and ensures that everything is captured.

Inconvénients

Took sometime to set up however it was mainly our fault as well but sometime needs to be dedicated to the set up.

Avantages

Automated risk, API integration with other software, biometric facial recognition

Inconvénients

Bank monitoring to identify unusual pattern of activities/high value transactions

Avantages

The product has a lot of features that are useful for managing a compliance program; inclusive of onboarding.

Integration was straight forward.

Inconvénients

Would have liked if the software enabled users to customise look and feel, particularly for front end use.

Lack of custom report functionality, to date.

Avantages

It help us identify PEPs and Sqanctioned persons and also any person appeared in adverse media

Inconvénients

The tool itself is mostly for financial institutions, not for gaming companies

Avantages

KYCP is adaptable to your needs - its versatility is definitely one of its best features since it truly provides the user with a tailor-made product.

Inconvénients

Since it is a tailor-made solution, adaptation to your model takes a long time.