Oracle Financial Services Know Your Customer

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Oracle Financial Services Know Your Customer allows financial institutions to meet regulatory requirements, improves overall customer relationships, and provides cost-effective measures to identify and prevent financial crimes. The product follows a three-pronged approach to meet end-to-end KYC requirements of financial institutions

  • Comprehensive risk scoring to identify threats well in advance to onboarding the customer
  • Continuous customer monitoring with integrated alert mechanism to validate any profile changes
  • Enhanced due diligence process aided by inbuilt case management investigation tools to adjudicate any customer’s risk assessment

Key Features

  • Out-of-the-box globally accepted risk model that supports multi-country, multi-jurisdiction KYC regulation requirements across business types
  • Continuous 360° customer monitoring for risks throughout the life of the customer relationship
  • Extensible data model, reducing implementation time and costs
  • Ability to manually promote assessments to cases, providing greater flexibility during on-boarding assessment
  • Real-time and batch interfaces to integrate with other systems
  • An advanced, enhanced due diligence process to enable quality investigations without increasing costs
  • Standard integration with other Oracle Financial Services Financial Crime and Compliance Management applications, as well as third party systems

Key Benefits

  • Meet local and global AML/CFT regulatory requirements with standard risk scoring models
  • Employ efficient due diligence processes and enable multi-jurisdiction, multi-country customer risk scoring using a single instance
  • Improve account and customer on-boarding processes
  • Reduce customer risk exposure on the front lines and enhance customer relationships
  • Achieve end-to-end compliance by leveraging core capabilities with Oracle Financial Services applications
  • Utilize standard interfaces exchange information with third party systems

Product/Service details