KYC Centre of Excellence: Transforming your client onboarding process
A better onboarding experience
PwC's Know Your Customer (KYC) Centre of Excellence (CoE) is a utility solution that provides consistently high-quality client identification and verification checks and continuous screening, improves and enhances the customer experience whilst reducing the KYC administrative burden and the associated time and cost.
The utility centralises and streamlines your KYC process, providing a standardised and efficient client service that can be up to 30-50%* faster and 20-40%* cheaper.
PwC KYC Centre of Excellence Transforming your client
Benefits
- Enhanced customer experience. Your customers can expect a quicker and more efficient client onboarding process.
- Our biometric technology helps to remotely identify retail customers, increasing both convenience and security.
- You retain all aspects of the management decision to accept and onboard a particular customer.
- We provide rigorous standards of compliance and client service, with capacity to adapt quickly and efficiently to changing regulatory requirements.
- Daily monitoring against PEP/sanction lists and periodic delta screening against negative news.
- Faster turnaround – advanced workflow technology speeds up process by 30 – 50%*.
- Greater efficiency and usage-based fees lower your costs by 20 – 40%*.
- Customers can give consent to share data with other organisations
Using our KYC CoE means reduced costs, increased customer satisfaction and greater peace of mind.
*Average based on PwC experience and estimates
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