Banking & Insurance Finance & Accounting
During a Customer Due Diligence (CDD) process, sales employees classify the risk related to their clients. This process is a very time-consuming task and requires lots of manual actions. We offer an intelligent RPA solution that is able to fully automate this process. Our robot works consistently, making the process less prone to human errors.
If a company wants to enter into a relationship with a (potential) customer, performing the Customer Due Diligence (CDD) process is mandatory. However, entering a new customer relationship equals a long list of things to check. Relevant information regarding the organization and its executive members all needs to be gathered. Any integrity issues and potential risks are included in a screening report. A compliance department then further investigates clients which are flagged during this process.
Performing this process in a careful and attentive manner is of utmost importance, as a sound CDD check will prevent loss of integrity and help avoid paying large fines. The process is not only prone to human error, but is also extremely time-consuming. Some of the applications used during this process (Mint Global, World Check) can be rather slow, resulting in a lengthy CDD process.
Years to ROI
Hours saved annually
Of effort automated