As a system for customer information verification and management, Know Your Customers (referred to as KYC), aims to minimize the economic loss and avoid unnecessary political issues caused by offering service to illegal customers with high risks.
Banks, as the special service industry, a sound kYC system helps prevent them from been victims in financial crimes activities is of great importance. Considering there hasn’t had a sound system in customer management to have risk control, potential risks are foreseeable due to the low credibility rating.
Considering current banking industry situation, Riking has launched KYC risk management system to meet banks requirements. It helps prevent them from been victims in financial crimes activities and maintain the reputation of the whole industry.
Customer Basic Info. Management, Customer Financial Info., Customer Account Info., Customer Transaction Info., Customer Contact Info., Affiliated Corporates, Risk Elements Settings, Risk Models Allocation, Generate of Customer Risk-rating Report and other modules are included in the KYC system.
Multiple Channel Data Collection
Multiple channels of customer information collection: basic info., financial info., shareholder info., affiliated corporates and other info are included.
User-defined Risk Elements
Weight ratio of risk elements can be defined according to banks practical situation.
Multi-dimensional Risk Assessment
Multi-dimensional risk classification and assessment via qualitative and quantitative analysis.
Overall Analysis and Alarming Functions
Overall analysis and alarming functions help reduce the business risks via screening high-risk customers.
Flexible Management Configuration
Compatible management setting between multi-level branches and multi-users to better manage IT risks.
Through the unified management of software, the operating cost and maintenance cost can be greatly reduced. The automatic processing process can replace the manual processing process, to improve users' work efficiency and guarantee the accuracy and standardization of data and reduce the error rate at the same time.
Meanwhile, we can help you optimize the regulatory reporting business process and update the system in accordance with the latest regulations issued by relevant regulatory authorities.
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