​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Customer​ Due Diligenc​​e​ (CDD)​​

Nearly 60% of Total AML Program Spend is on KYC/CDD Processes

A weak KYC/CDD program will have compounding impacts on the overall Anti-Money Laundering (AML) program. ​It’s especially challenging to meet the demands of an evolving regulatory environment when processes are manual, inconsistent and lacking a complete customer view and the risks they pose. Inadequate controls and complexities lead to regulatory scrutiny, damaged customer satisfaction and potential financial penalties.

The Combined Power of Technological Innovation and Financial Crime Expertise

The NICE Actimize KYC/CDD solution uses the latest technological innovations to provide complete lifecycle coverage – accounting for customer onboarding, ongoing CDD and enhanced due diligence (EDD) processes. Intelligent automation, AI and machine learning are combined with KYC/CDD domain expertise to create operational efficiencies and a holistic view of customer risk. Feature-rich functionality for our KYC/CDD solution includes:

  • A flexible platform that adapts to unique requirements across business segments, regions and jurisdictions
  • A curated set of third -party data connectors
  • Visual and holistic views of entity risk from Entity Insights, offering significant efficiency gains for analysts
  • AI-enabled predictive customer risk scores for accurate high-risk customer management
  • Simulation features for easy impact analysis
  • Integration with Actimize Suspicious Activity Monitoring (SAM), Watch List Filtering (WLF) and ActOne Case Management for an overall KYC-AML program
  • Augmentation from ActimizeWatch, a secure cloud-based managed analytics service for data-driven machine learning

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