Results in a row
By deploying KCP, you lower your compliance risks, strengthen your control, and improve your regulatory and customer satisfaction.
1. Optimal risk management
Using disparate and fragmented systems, organisations often lack awareness of the risks they face. KCP ensures they always have the right information. Enabling them to understand reputational risks and take appropriate action. Focusing on commercial results can dilute attention to potential risks. Through our independent position, KCP ensures in-depth, unbiased research as well as proper risk assessment.
2. Meeting regulatory and wtgeving requirements
Customer files are difficult to fill according to internal and external guidelines for various reasons. The result: potential audit issues and regulatory directions. KCP shares best practices with its clients and helps them with a consistent yet situation-dependent translation into policies, procedures and measures. Commercial staff often lack detailed knowledge of KYC and their motivation for the field is predominantly low. KCP ensures that their knowledge is up-to-date and of high quality. The open standards and risk-based approach used in law lead to differences in approach among financial institutions. KCP shares best practices and uses the best standard. Bottom line: KCP ensures complete files, good audit reports and a big enough score from the regulator!
3. Freeing people and ideals
Commercial people should do what they are good at. If they spend time on KYC, it leads to opportunity losses. By leaving time-consuming and labour-intensive KYC activities to us, our clients free up their people and resources for commercial, profitable activities.
4. Customer satisfaction
Customers regularly complain about the slow process of opening an account and the amount of information required from them. KCP speeds up the underwriting process without administrative hassle for the customer. Result: higher edge satisfaction scores!