Creating Efficiency around 'Know Your Customer' (KYC) challenges with Digital Screening Solution

Our Solutions Legal and Compliance

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Business Scenario

"Know Your Customer" and "Customer Due Diligence" regulations are becoming more prevalent and organisations require a case management workflow solution to keep up with the ever-changing requirements. PwC's Digital Screening Solution is an integrated platform designed to track requests, screen results, and manage approvals in a structured format fulfils regulatory compliance needs.

Business Challenges

Ineffective Documentation Management

KYC processes are complicated and often require multiple touchpoints across different teams.

Data Disparity

Data is dispersed across multiple systems and users cannot track results in an effective and consistent manner.

Process Maturity Requirements

Many legal and regulatory bodies have increased their expectations of how data should be processed and retained.

How We Can Help

PwC's Digital Screening Solution is designed to tackle all stages of the KYC process. By combining digital tools and natural language processing, PwC's professionals leverage our integrated digital screening platform to provide deeper insights and mitigate operational risks for clients. The integrated platform can consolidate and perform reviews of sanctions and adverse media searches.

Key Features

Document Management and Workflow Integration Centralised document storage improves access control, document tagging, and in-text search capabilities.

Natural Language Processing Solution can be configured with automated workflows and natural language processing to speed up review process.

Local Hosting Capabilities Solution can be hosted in both Mainland China and Hong Kong SAR to meet data security requirements and ensure reliability.

Analytics Support Custom analytics can be designed to enhance traditional keyword based filtering and reduce the volume of false positives and reviews.

Business Benefits

Legal and Regulatory Compliance Discovery and production requests can be supported across different jurisdictions and requirements.

Time and Cost Reductions Automation of workflows and best practices are implemented to costs and turnaround times for discovery matters.

Accelerated decision making Organisational leaders can easily share updates, allocate resources, and make data-driven decisions based on real-time analytics.

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