Know Your Customer is a delicate step after the prospect is converted into a Lead.
Finovace integrates all its knowledge and experience to get your customer onboard after KYC completion. Our KYC management team acts as an intermediary for getting all the required documents from your customer and verifying it at the Level 1 before forwarding it to your desk.
Based upon a classy restrictive Rules Engine, Finovace KYC Compliance follows a world KYC policy that gives an identical and consistent approach to KYC, which, in turn, will be custom to suit local Customer Due Diligence (CDD) requirements.
Inaccurate KYC Management may lead to Money Laundering which may incur you a huge loss in paying government penalties.
Steps That Our KYC
Verification Team follows
Inviting Customer for
KYC
Verification of True
identity
Customer Risk
Assessment
Identifying the
Beneficial Owner
AML Background
Checks
What we Offer as a KYC & Compliance Outsourcing service provider
- Onboarding of NEW customers: New regulations have complicated the on-boarding process for Anti Money laundering policy. Finovace simplifies the Onboarding process for you and the end users.
- Renewals of KYC Documents: We have the timely reminders for the renewal of KYC of particular end users so that customer’s information is always up-to-date in your preceding CRM.
- Record Keeping of Documents: Proper record is maintained for each customer documents avoiding the duplication inputs.
Significant advantages of KYC & Compliance Outsourcing
Reduced operational cost of KYC by 40-50 % .
Dedicated representatives for KYC & Compliance.
Cross-checking of documents at level 1 only, before escalation.
Invest your relevant time for revenue generation
Video KYC is one of the best offering of Finovace as a KYC Outsourcing Service Provider.
Being ISO certified Company the end user’s data is always safe and secured with us.
Forex Brokerage KYC Compliance
Outsourcing
Finovace possess a prudent relationship with Fintech companies and Regulatory Bodies globally, thus delivering the best and tailor-made outsourcing solutions for meeting the KYC compliance of Forex Brokerage.
Our Index for Forex KYC Compliance
consist of
Automated KYC Verification
Manual KYC Verification
On-Demand KYC Verification
Timely Updates about ID Expiration Dates
Frequent Reminders for incomplete KYC verification
KYC Verification Failure Pop-ups and Follow-ups for Re-upload.
Maintaining this catalogue of KYC, Forex Broker can stay assured of AML/KYC Policy.