Knowing your customer —KYC— has become a strong focus of attention in recent years within the banking and financial services space, as organizations begin to see KYC as a critical, proactive measure against financial crime, not just another compliance burden.

Syfact brings intelligence to KYC, enabling you to “know your customer” better than you’ve ever imagined. Used either as a stand-alone system or in conjunction with its fraud and AML management solutions, Syfact’s KYC solutions play a key role in an organization’s account origination process, enhanced due diligence processes, and on-going due diligence and monitoring processes. Utilizing a risk score-based methodology, the Syfact system encompasses watch-list screening and third-party data source checks; bridges data silos across disparate information systems, corporate divisions, product lines, and geographies; and facilitates compliance with global and regional regulations and guidelines, including the USA PATRIOT Act, the FATF Recommendations, the EU Third Money Laundering Directive, and the Basel Committee KYC recommendations.

But beyond the typical data-gathering, list-screening, and risk-scoring found in most KYC systems, Syfact brings to KYC its best-in-class investigative and global intelligence capabilities, superior analytical tools, and, in working with some of the world’s largest financial institutions for over ten years, proven best practices. KYC is only as good as the intelligence at-hand, and only with comprehensive, holistic intelligence can truly effective customer due diligence be achieved. This is the Syfact difference.

• Superior intelligence capabilities
• Best-in-class analytical tools
• Exceptional investigative capabilities
• Superior configurability
• Global scalability
• Proven KYC best practices
• Over a decade of industry leadership and expertise