Customer Due Diligence
As regulations change and data that was once unimportant becomes crucial, customer due diligence takes center stage. The Customer Due Diligence solution by Hyarchis is a core tool in our regulatory compliance product suite and our answer to KYC processes. Fully automated, CDD runs client base checks and puts you ahead of regulatory risk.
Hyarchis CDD analyzes risk profiles
Heightened risk profiles or incomplete archives where critical data is missing. CDD gives you complete control of your compliance trajectories and ensures your data is valid and your customers are who they say they are.
Automate KYC processes
KYC. or 'know-your-customer' processes are time-consuming and challenging, Hyarchis CDD eliminates these factors and instead turns compliant due diligence into an automated process.
Diligence made easy
Customer due diligence is a necessary part of regulatory compliance and can be quite complicated. With CDD, it's a walk in the park.
Knowledge
Hyarchis uses AI to help you ensure that your customer information is complete, regardless of whether you're dealing with internal governance or external legislation.
More knowledge
Customer Due Diligence extracts relevant data from unstructured source documents, thereby completing risk profiles of customers.
Regulatory compliance
Customer Due Diligence can cross-analyze profile data points such as customer creditworthiness, money laundering history, illegal financing and suspicious sources of income. Regulatory compliance - check.
Case study
Syntrus Achmea Real Estate & Finance
Hyarchis CDD searched through 23,350 mortgage files in a time frame of 80 hours, locating identity documents and mortgage deeds with 99.42% accuracy. Relevant metadata was also found. This metadata was added to the Hyarchis Document Management system, making these documents easy to find in the future. Compared to the only available alternative - manual verification – the normal turnaround was reduced from months to hours. This saved SARE&F an estimated 7,200 hours of work and increased accuracy by an estimated 91%
Hyarchis CDD
The introduction of GDPR conflicts with our retention obligation, which means that we can no longer store sensitive information such as a BSN number in our archive. That sounds simple until you become aware that our archive consists of large volumes of unstructured and uncategorized documents. Thanks to intelligent and automated solutions, we can meet regulatory obligations in all cases and in conjunction at the same time.