Plenitude ClientSight is a comprehensive cloud-based CRR solution that allows financial institutions, FinTechs and professional services firms to risk assess natural persons (individuals) or legal persons (entities) inherent financial crime risk.

ClientSight is grounded in Financial Crime Compliance (FCC) regulation and guidance of key global markets. ClientSight provides full coverage of a wide spectrum of financial crime risk themes.

ClientSight is the most effective way to accurately risk rate the level of financial crime risk that prospective and existing clients present to your firm, ensuring full compliance with laws, regulations and guidance.

Key features

Plenitude ClientSight is a cloud-based application that allows users to assess individuals’ or entities’ inherent financial crime risk.

Compliance with regulation and guidance

Our leading financial crime CRRM is grounded in FCC regulation and guidance across key global markets, including the UK, EU and US, providing assurance you are fully complying with regulatory obligations.
Comprehensive financial crime risk coverage

ClientSight accurately assesses the risks presented by clients across a wide spectrum of financial crime risk types, including money laundering, terrorist financing, sanctions violations, proliferation financing, bribery and corruption, fraud and tax offences.
Special risk factors

Key drivers of risk, including those required by regulation or identified by the firm, are configured in tools such as exposure to PEPs, sanctions, complex structures and negative news.
Simple to use and fully customisable

The risk rating of clients can be performed through a set of simple steps by providing information on their location, entity type, industry, product and delivery channel. The parameters used through the application are fully customisable to provide an accurate and appropriate assessment of risk based on your firm’s business sector, size and client base.
Detailed client reports

Through the customisable calculation of risk (based on country, product, channel, industry and entity type risk), the application provides informative reports on each client, including an overall financial crime risk rating to determine the level of due diligence, to inform your risk-based decision making.
Inbuilt PEP and sanctions screening (optional)

The inbuilt screening capability, based on third-party leading sources, provides you with instant matching of your clients and their Ultimate Beneficial Owners and Legal Representatives based on up-to-date international sanctions and PEP lists.
Automated updates to jurisdiction risk list

ClientSight is integrated with Plenitude Compass, which is our leading Country Risk Rating Tool. This ensures that any changes to country risk classification such as the EU or FATF lists can be automatically applied. Our clients may choose to use their existing list or provider.
Maintenance of other risk lists

Plenitude also actively maintains and updates our proprietary industry, entity, product and channel risk lists on behalf of clients based on regulatory and other external inputs from international bodies.
Integration with existing systems

The application offers an API and can be integrated with your existing KYC, onboarding applications or transaction monitoring system, to assist with a seamless onboarding process and ongoing monitoring without additional complexity for your organisation.

ClientSight Benefits

Assurance you are meeting CRR obligations

ClientSight has been deployed to a wide range of clients across numerous sectors, including global financial institutions under regulatory scrutiny by international regulators. Our CRRM will provide you with a robust methodology and overall assurance you are meeting your CRR and wider regulatory obligations.

Effective risk-based approach

A consistent, reliable approach to client risk classification allows for more accurate and consistent ratings, and ultimately the application of a more effective risk-based approach.

Proactively manage future FCC obligations more effectively

Plenitude actively maintains and updates the country and industry risk lists used for the assessment based on regulatory and other external inputs, ensuring that your client risk assessments are future-proofed against changes to regulatory expectations. These are seamlessly integrated into the methodology as they occur.

Reduced costs and improved operational efficiency

The consistent and accurate assessment of the risks presented by clients will allow you to more effectively target your due diligence and ongoing monitoring at your highest risk clients, mitigating the risk of unnecessary effort and associated costs. The cost associated with deploying ClientSight is also significantly less than that of developing, implementing and maintaining a CRRM inhouse.

Clear rationale for both internal and external audiences

Our leading methodology provides a clear and traceable basis for each risk rating, based on the requirements of financial crime compliance regulation and guidance across key global markets, including the UK, EU and US. The detailed reports provided for each client will identify the relevant data points and risk factors behind every rating.

More effective financial crime risk management

More effective client risk classification drives better risk management and ultimately risk mitigation outcomes, reducing your exposure to potential enforcement actions or fines.

ClientSight provides subscribers with an effective and efficient CRR solution, enabling regulatory obligations to be met and complex risk exposure such as PEPs, sanctions exposure and negative news to be identified and addressed as part of the client risk classification process.

ClientSight also provides the user with an extensive, detailed report of the financial crime risks presented by the client, with the ability to understand the risk drivers and exposure by risk theme, and recommended due diligence steps to be applied. This is a key differentiator of ClientSight on the basis other solutions and approaches can be opaque and do not enable firms to understand the financial crime risk exposure by risk theme.

The robust methodology underpinning ClientSight provides assurance to the FI that the financial crime risk exposure of the client is fully assessed, ensuring full compliance with laws, regulations and guidance; and mitigating the risk of regulatory fines or censure.

Counting the cost of non-compliance

Many firms often underestimate the importance of having an accurate and comprehensive CRR control. To ensure your firm is on the right track, consider these key questions:

Could you demonstrate to regulators how your existing CRRM aligns with all applicable laws, regulations and guidance relevant to your business activities and the jurisdictions in which your firm operates?
Does your existing CRRM cover the required quantitative risk factors (Country, Entity, Product, Industry and Channel risk), alongside qualitative ‘Special Risk Factors’, such as the presence of PEPs, sanctions exposure, negative news and complex structures?
Can you provide a clear, detailed and objective rationale for the risk classification applied to your client portfolio, based on regulations, guidance and external regulatory sources?
Are you confident that your current CRRM is effectively designed and calibrated, accounting for all risk factors and allowing for lower risk classifications where appropriate?
Are you still relying on suboptimal solutions such as Excel spreadsheets to maintain your CRR? Can you instantly identify which clients are impacted by changes in your CRR risk lists?
How do you stay on top of every regulatory update, and have you ever faced tight deadlines to update your CRRM or jurisdiction risk list? For instance, how do you handle sudden changes in obligations or updates from international bodies such as the EU or FATF?
As an accountable individual, are you worried about your current approach to rating your clients’ financial crime risk? Could you miss something critical, and how do you tackle this concern?
Is your firm unknowingly doing business with money launderers, terrorist financiers, tax evaders or other criminals?