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Know Your Customer (KYC) services
In Banking and capital markets
EY Know Your Customer services support financial institutions seeking to transform onboarding, refresh, due diligence and screening functions. Part of our Financial Crime solution, KYC services are underpinned by our deep domain knowledge, leading FinCrime technology platform, technology alliances and regulatory experience.
Your business challenge
Financial institutions that transform KYC processes can cut costs, elevate quality, enhance customer experience and help drive broader digital transformation initiatives. But balancing KYC obligations while minimizing the negative impact for customers is becoming more challenging due to several factors:
- The KYC regulatory environment is evolving fast.
- Tedious, manual processes create cost and resource pressures.
- The potential of data and digital to transform KYC compliance is hindered by data siloes and outmoded systems and methods.
- Talent to manage KYC compliance is scarce, and expensive to recruit, train and retain.
Why EY KYC consulting
EY KYC services support financial institutions in achieving greater KYC compliance at competitive costs. You can trust our domain knowledge, regulatory credibility, global delivery model and leading technology to enhance operational excellence today and stay ahead of emerging risks.
KYC Solution features and functionality
EY KYC consulting services are tailored to each client, focusing on delivering better outcomes that lift the burden of compliance so that financial institutions can operate with confidence. Our KYC services are delivered through our integrated global managed services network of financial crime analysts, resulting in greater connectivity and resilience. Services typically include:
EY KYC services case studies
EY KYC solution benefits
Our comprehensive KYC services help financial institutions achieve better compliance, and an improved customer experience, while minimizing costs. Our connected approach combines:
Our latest thinking
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Explore the six new ways for leaders to rethink managed services and drive true operational transformation with the integration of AI.
KYC refresh: building an effective risk-based program
Businesses face challenges to refresh their KYC models to reduce costs and improve anti-financial crime risk management. Learn more.
How asset managers can enhance the client onboarding process
Account onboarding is critical to the client experience and time to market, yet few asset management firms have embraced transformation. Learn more.
The KYC consulting team
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