KYC: Know Your Customer
What is KYC?
Know Your Client (KYC) is an important verification process within investment banking and financial services that assesses the risks associated with prospective clients. KYC standards are designed to protect financial institutions against fraud, corruption, money laundering, and terrorist financing.
Current processes are slow and ineffective – requiring manual changes to documents and follow-ups, making the process tedious and error-prone.
TRIYO solves this by allowing users to better manage their client refresh process with automated reporting and minimal behavioural change.
Users can upload a spreadsheet, invite team members to revise documents, and automatically merge changes into a single, live document.
To learn more, visit our KYC demo here.