Embed Size (px)
Citation preview
STAY COMPLIANT, STAY CLEAN
The Financial Services Authority fines a leading Bank in the UK, 2MN for breaches of money laundering rules
RBI slaps a fine of Rs. 5.00 Lakh against a leading Bank for non-compliance of KYC norms in allowing a key accused in a highly publicized scandal to open accounts with the bank in 2004
RBI imposes a monetary penalty of Rs. 5.00 Lakh on a Co-operative Bank for violation of RBI directions on KYC
...see how
Roadblocks: Manual identification and
verification of customer documents
Establishing the risk profile of the customer in compliance with the KYC norms
Adhering to de-duplication norms
Data integrity across all applications
Increase in TAT to bring customers onboard and delayed transaction SLAs
Ensuring availability of customer documents to regulatory authorities
Manual process for photo and signature verification
With regulations like AML, Basel II, FATF, HIPAA intensifying globally, repercussions of non-compliance have heightened. The result has been regulatory crackdowns, altered customer perceptions and in most cases, penalties. The end result of an effective solution is an organization that really “knows” its customers, has a streamlined customer base and is empowered to take risks head on.
Intense's unicap is an intelligent end-to-end automated solution that captures customer information trough SMART phones and pushes through a workflow of checks and verifications. Key customer information viz., application form, metadata, photograph, Proof of Address (POA), Proof of Identity (POI) and fingerprints are captured to comply with International regulations. The information thus captured is sent through an intelligent check that involves audit, data entry, error correction, QA and
PresentingIntense’s unicap solution:
Why any DMS solution will not do? DMS can complement a KYC solution but cannot replace it Data de-dupe, audit and QC cannot be achieved by the traditional DMS Besides, KYC is about data and image integrity, cannot be substituted by a DMS solution
CRITICAL TO CUSTOMER ON-BOARDING, INTENSE’S UNICAP IS NOW A COMPREHENSIVE SOLUTION ON MOBILE PHONES ENABLING SERVICE AT THE CUSTOMER’S DOORSTEP
Key features of the solution:
Enables prompt and efficient compliance Automated process of document verification minimizes fraud by checking credentials of every customer
Provides electronic document storage facility with access rights and version control for legal and regulatory departments, thereby ensuring adherence to statutory compliance
Tracks end-to-end process for complete control over the process, thus ensuring transparency
Improves operational efficiency Higher customer retention because of improved customer satisfaction Reduced expenditure on resources such as physical storage, maintenance, manpower, etc.
Elimination of errors with an automated workflow process Faster retrieval of customer application forms for faster turnaround to customer queries.
Complete, reliable databases to accurately identify and monitor customers who fail to comply
Support for Biometrics (fingerprint capture)
Mobile application for bio-metric capture
Web based/Thin client based approval processing system
Triggers for address verification & credit verification
Enhanced error tracking and escalation system
KYC across geographies, products and LOBs
Faster TAT for on boarding customers
Rules-driven workflow enabling De-dupe check
Web based access of customer documents
Benef its of the solution:
SecunderabadA1, VikrampuriSecunderabad - 500 009. AP, INDIATel: +91-40-44558585/27849019/27844551Fax: +91-40-27819040e-mail: [email protected]
Mumbai101, Vaishnav Apt, Dr.Charat Singh ColonyNr. Solitare Corporate Park, Chakala, Andheri (E)Mumbai - 400 093.Tel: +91-22-32419713/32064648/28253400e-mail: [email protected]
Bangalore103, Krishna Chambers,20/21, Konena Agrahara, 5th Cross,Airport Road, Bangalore - 560017 Tel: +91-80-324 91083/30588333/9741922511 e-mail: [email protected]
NoidaA-1/E, Sector - 16Noida - 201301Uttar PradeshTel: +91-120- 4743900 to 10e-mail: [email protected]
INDIA
Intense Technologies Limited
475 Wall Street, Princeton,New Jersey 08540Tel: +1-70-3395-3400e-mail: [email protected]
UNITED STATES OF AMERICA
9, Temasek Boulevard # 19-05Suntec Tower 2Singapore 038989Tel: +65-8288-1859
SINGAPORE
P.O.Box 88174,DubaiTel: +971-4-2653202 / 56-6499568e-mail: [email protected]
UNITED ARABIC EMIRATES
visit uswww.intense.in
Information and content contained in here is an exclusive property of Intense Technologies Limited. The content presented is correct at the time of publishing and is subject to change. Intense, Intense logo are trademarks of Intense Technologies Limited. All other product or brand names are trademarks or registered trademarks of their respective owners.
