Existing KYC processes are manual, expensive and isolated
Reliance on a single snapshot
KYC reviews collect static, time-limited data, reducing what you know about a customer to a specific snapshot in time, resulting in missed risk between KYC reviews.
Highly manual processes run up huge costs
Manual onboarding, refresh and remediation processes require big teams, driving up the cost of compliance and resulting in poor customer experience.
Growing pressure from regulators
KYC regulations increasingly require you to understand even more about your customers and the context in which they operate.
Enhance KYC using dynamic customer context
A contextual view of your customers, suppliers and counterparties helps you make better, faster decisions throughout the customer lifecycle.
Our Contextual Decision Intelligence platform:
- Automatically generates a customer’s KYC single view and network context
- Continuously monitors data to detect changes and risk triggers within the customer’s network
- Significantly reduces the need for ongoing due diligence reviews‚ while improving risk management
- Improves customer experience by minimizing unnecessary customer outreach
Automatically populate
up to 75% of KYC profiles
Scale to billions of data records
How contextual KYC works
Upgrade your KYC process to a dynamic, contextual approach that automatically updates in response to data and behavioral changes that could flag risk.
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Connect your data to
create a single customer view
Connect internal and external data sources—like KYC profiles, corporate registry data and transactions—to create a single customer view and understand a customer’s risk, even before onboarding.
Highlight new or
changing risk levels
Use dynamic network generation to automatically highlight emerging or changing risks associated with your customer, then reassess the customer risk score in real time.
Reflect and continuously
monitor changes in your CLM
Update your customer’s KYC record in your CLM or KYC system automatically, to reflect changes in their information and risk profile. And move away from periodic reviews with continuous monitoring.
Use the platform for Contextual Decision Intelligence
The benefits of adding context
Identify customer risks as they emerge, increase operational efficiency, meet changing regulations, and enhance customer experience.
Reduce time and effort spent on periodic reviews
Update your customer’s KYC profile and their context in real time, continuously.
Uncover hidden risk
Use a customer’s network to find hidden areas of risk, including connected parties or complex ownership structures.
Increase analyst efficiency
Save significant amounts of time in risk assessments and manual due diligence during onboarding and periodic reviews.
Find risk in real time
Constantly reassess your customer for financial crime risk using their changing context.
Enhance the customer experience
Reduce end-to-end review and onboarding time dramatically.
Reduce processing time
Populate KYC data automatically and spend less time manually collecting information.
Integrate easily and quickly
Use an API to integrate into your own workflows and models for simple onboarding and reviews.
Consolidate and cleanse unstructured data
Increase efficiency and maximize value from external data sources.
eBook
Transform your customer understanding with contextual KYC
Find out how context can reduce the time and cost of KYC by continuously monitoring your customers for risks and changes.
KYC, Credit Risk and Customer Intelligence
One platform throughout the customer lifecycle
When you understand your customers inside-out, you can see new opportunities, you can spot hidden risks, and you can speed up information-gathering or onboarding processes.
Quantexa’s CDI platform lets you address these three applications in one place, in a single build, and using any data you have access to.
Why use the Quantexa platform
Build once, use many, ingest to create a single view with networks
Apply your data to multiple use cases—without replicating data sets.
Make faster,
more accurate decisions
Use context to improve decision accuracy across the organization, find new opportunities and uncover risk.
Scale to billions of records
in batch or real time
Built on proven, scalable open source technologies like Hadoop, Spark and Elastic.
Future-proofed open architecture
Integrate seamlessly into your existing IT ecosystem, with flexible deployment options: native, or containerized for private and public cloud.
Ensure data transparency
Use explainable data linking, advanced AI and decision models for regulatory compliance.
Keep your data secure
Rely on granular security levels for dynamic control, with all activity audited.
Speedy time-to-value
Operationalize your data in a matter of months – not years.
Overcome data
quality issues
Use entity resolution and data volume to overcome missing or poor quality data.
Get the latest thinking, advice and opinions
How to Generate Commercial Value Through Customer Intelligence
How to Better Understand Your Customers Using Context
With laborious onboarding, refresh and remediation processes, the challenge of KYC compliance is continuously growing. Find out how a contextual approach helps you to reduce the time and cost of KYC by increasing automation and leveraging decision intelligence for continual monitoring.
IDC: Achieving Greater Business Value Through Data Using Decision Intelligence Based on Context
Download the topline Infobrief from IDC, which introduces their latest research and analysis on how companies can successfully build contextual data platforms to extract significant business value.
Contextual Decision Intelligence: Raising the Bar of AML Detection and Investigations at HSBC
In this webinar, leaders from Quantexa, Aite Group, and HSBC explore next generation AML technology and how organizations can transition away from manual processes and legacy systems.
Quantexa Brings Contextual Decision Intelligence to OFX to Fight Against Financial Crime
Leading foreign exchange and global payments provider OFX deploys Quantexa, utilizing Google Cloud Platform, to fight increasing industry financial crime risk and support regulatory obligations.
How to Adapt to a Changing World Using Situational Awareness
As COVID-19 continues to impact our global economy, financial institutions are under increasing pressure to service unprecedented demand from their business customers. Situational awareness empowers you to overcome new challenges, protect your organization against emerging threats, and seize new opportunities.
Book a demo
See how our Contextual Decision Intelligence platform helps you better understand your customers, enables data-driven decision making, and speeds up your lending decisions.