Remediation, like onboarding and monitoring, is part of KYC Lifecycle Management. It is crucial to continuously screen what your systems are doing and whether your customers are being served safely and legally compliant, but more than monitoring is needed. Sometimes you also need to intervene, and that’s where remediation comes in.
What is remediation, and why is it so important?
Remediation is all about the process where you can identify customers affected by system errors as a financial services provider. It is also essential to assess compliance with laws and regulations. Setting up this process ensures you build and maintain an excellent customer relationship with the client. By preventing errors and identifying mismatches, you enjoy your client’s trust.
Hyarchis helps its clients always to be compliant. If you always want to comply with all legal requirements, we will help you to eliminate your archive backlogs. These are our products, helping you with a 99% recognition level.
What could be more effective than analyzing your entire digital archive in a single click? Even handwritten documents are no problem, thanks to our innovative AI technology.
Recognize your documents automatically, thanks to the tool continuously working on your papers. Let it function always, or watch it in real time, so your employees can tackle truly human tasks.
Always meet the most up-to-date laws and regulations. That’s possible with GDPR compliance. For example, blur large-scale BSN numbers or medical information so you don’t get claims on your hands.
Checking data is an intensive, mind-numbing task for your employees. Fortunately, computers don’t get tired or make mistakes, so you enjoy consistency and automatic cross-data validation/
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