Service Description
In our experience of delivering successful end-to-end KYC Managed Services, we utilise five key elements to give you a complete solution;
Advisory support
to define your programme or remediation strategy as part of a risk-based approach, including client file prioritisation
Transformation
enable the design, set-up and delivery of the required programme of work, including the governance and PMO framework, operational procedures, solution design, capacity planning, operational readiness, training and awareness activities
Qualified and skilled KYC resources
UK based, as part of a ‘resource augmentation model’ with robust oversight, delivery assurance and quality control
Data analytics
experts to conduct population analysis and segmentation and inform your remediation and data strategy for the programme
Technology
integration, enabling you to outsource all or select components of the end-to-end client lifecycle
Features & Benefits
Proven track record
Plenitude have a proven approach and delivery track record – we were established to support a global remediation programme in 2012 and since then have worked with leading financial institutions on multiple large scale and complex remediation initiatives. We bring industry-leading practice and lessons learned to ensure the successful delivery of the engagement
Meets regulatory requirements and expectations
We can ensure you comply with all CDD related regulations – our proprietary policies, standards and procedures are developed by leading Subject Matter Experts and fully aligned to applicable laws, regulations and guidance, leveraging our leading obligations management solution – RegSight
Expert and flexible resourcing model
Our resource deployment model is fully flexible, scalable and structured to meet your resourcing requirements and manage costs effectively. Our team are fully trained and accredited KYC/CDD specialists with deep subject matter expertise providing further delivery assurance
Quality Management
We apply a rigorous approach to quality management and have a defined quality framework minimising rework and overall costs
How it works
Customer Data Sourcing
ID&V / eID&V & Data Enrichment
Customer Risk Assessment
Screening (PEP, Sanctions, Adverse Media)
Transaction Analysis
Due Diligence and Plausibility
Client Outreach
Final Review and Approval
QUALITY CONTROL & ASSURANCE, ONGOING MONITORING & TRIGGER EVENTS