Capgemini Launches Revolutionary Perpetual KYC Platform to Fight Financial Crime
Capgemini has launched its innovative pKYC sandbox, designed to assist financial institutions in implementing a real-time, continuous compliance framework. This cutting-edge solution addresses the issues linked to traditional, labor-intensive Know Your Customer (KYC) processes, which leave organizations vulnerable to operational risks and regulatory challenges.
Transforming KYC Compliance with Capgemini’s pKYC Sandbox
In an era where financial crime is continuously evolving, the pKYC sandbox provides a more agile approach to anti-money laundering (AML) compliance and risk management. Capgemini’s extensive suite of financial crime compliance (FCC) services encompasses risk, regulation, and operational transformation, recently bolstered by their acquisition of Delta Capita BV. This expansion reinforces Capgemini’s role as a trusted partner for financial institutions navigating the complexities of compliance.
Key Features of the pKYC Sandbox
The newly introduced pKYC sandbox allows financial institutions to:
- Test and refine continuous KYC processes in a secure, modular environment.
- Integrate data-driven, event-based reviews to proactively identify changes in a customer’s risk profile.
- Respond quickly to emerging threats while streamlining regulatory reporting and internal workflows.
Flexibility and Integration Capabilities
Designed with flexibility at its core, the sandbox supports multiple cloud platforms and incorporates leading RegTech components. Key benefits include:
- Real-time visualization of pKYC in action.
- Ability to quantify the operational and financial impact of a perpetual KYC operating model.
- Identification of workflow bottlenecks and facilitation of rapid feasibility testing.
- Seamless deployment while adhering to compliance standards.
By providing a secure testing environment that mitigates the risk of customer data exposure, Capgemini empowers organizations to advance their compliance strategies confidently.
Industry Insights on Capgemini’s pKYC Sandbox
Industry experts recognize the significance of this innovative solution. Ivar Lammers, ING’s Global Head of Financial Crime Prevention for Wholesale Banking, commented, “Capgemini’s pKYC sandbox is an impressive blend of visualizing the effectiveness of KYC processes in action and experimenting with new tools in a secure environment, all without risking customer data and optimizing infrastructure cost.”
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