Knowledge Base Article

2. KYC Personas & Key Messages

Introduction

Please refer to the Banking Buying Personas document for all of the buying personas for all Quantexa solutions and products.

The Key Buying Personas for the KYC solutions are typically as follows:

  • Chief Compliance Officer
  • Head of Business (e.g. Commercial & Corporate / Wealth / IB & Markets)
  • Chief Data Officer

The budget will likely be controlled by the compliance department or business/front office – either the CCO/CAMLO or Head of Business.

Personas

Buying Role

Benefits from
Quantexa Contextual
KYC

Key messages

Francesca:
Chief Risk and Compliance Officer

  • Reduced KYC risk exposure
  • More accurate KYC profile with up to date information
  • Better alignment of resources to actual risk
  • Shift to proactive perpetual KYC refresh model
  • Single view of a customer across all products and external sources
  • Integrate with existing CLM and Workflow solutions for KYC and financial crime
  • KYC data is updated continuously, and customer risk ratings are dynamically re-calculated
  • High-risk events trigger immediate change to client risk, rather than waiting for a periodic review
  • Results in up-to-date, accurate and comprehensive risk profiles and appropriate risk management plan
  • Integrate transactional activity
    monitoring into the KYC process or for account activity review

Tom:
Head of Commercial and Corporate Banking

  • Reduced client friction from KYC
  • Reduce time from RM's to complete refreshes
  • More accurate view of client risk
  • Shift to proactive perpetual KYC refresh model
  • Leverage external data to prefill KYC records and monitor for changes, reduce the need for clients to supply all.
  • KYC data is updated continuously, and customer risk ratings are dynamically re-calculated
  • High-risk events trigger immediate change to client risk, rather than waiting for a periodic review
  • Integrate with existing CLM and Workflow solutions for KYC and financial crime

Jim:
Wealth and Private Banking

  • Reduced client friction from KYC
  • Reduce time from RM's to complete refreshes
  • More accurate view of client risk
  • Shift to proactive perpetual KYC refresh model
  • Leverage external data to prefill KYC records and monitor for changes, reduce the need for clients to supply all.
  • KYC data is updated continuously, and customer risk ratings are dynamically re-calculated
  • High-risk events trigger immediate change to client risk, rather than waiting for a periodic review
  • Integrate with existing CLM and Workflow solutions for KYC and financial crime

Deborah:
Chief Data Officer

  • Accelerate value from analytics and data science with resolved, networked data
  • Demonstrate value of data and analytics to the business with tangible metrics e.g. revenue growth
  • Open platform for data scientists to benefit from resolved, networked data
  • Use existing tooling e.g. Spark, Python, R
  • Take pain away of cleansing, matching, pre-processing data – focus on value add model build
  • Transparent entity resolution and scoring for model governance and traceability
  • Granular security model to control access

Have some feedback? Share your thoughts on this post:

Published 2 years ago
No CommentsBe the first to comment
Related Content