We provide Know-Your-Customer (KYC) the new way, simple, quick, compliant
This solution gives you what you need for your onboarding, contracting, monitoring. When you bother with regulatory requirements about how being compliant with your regulator this SAP based solution paves the way for you. The solution offers an easy-to-handle, pay-as-you-go platform for your own Know-Your-Customer or Know-Your-Business-Partner (KYx). It is based on SAP BTP, SAP HANA and integrates seamlessly with your existing ERP solutions.
Benefits
Streamline and digitalise your onboarding process based on SAP HANA and SAP BTP.
This solution is a scalable, modular solution tailored for financial institutions seeking to streamline and digitise the onboarding process for corporate clients. Built on SAP Business Technology Platform (SAP BTP) and integrated with core banking systems, this scalable and modular solution delivers a seamless, fully digital, and compliant know-your-customer and onboarding experience.
Provides you peace-of-mind with your compliance in all your processes
The solution offers a highly efficient handling based on an integrated workflows offering a seamless interaction with your client or business partner. It provides a self-onboarding your client and business partner can use to easily onboard into your busines.
Saves up to 80% of costs in your onboarding
The solution is used by many regulated entities, like banks, financial services companies across Europe. Multiple jurisdictions are supported. You can manage natural persons, multiple individuals, companies (legal entities) and power of attorney.
Features
Enables Self-Service Onboarding for your customer
Minimise the handling of your customer and business partner for your company's employees (Onbaording agents, compliance department). Only cases that need additional processing will pop up for agents to handle.
Integrate with 3rd. party data screening providers
The solution offers real-time business verification, Ultimate Beneficial Owner (UBO) checks, and Anti Money Laundry (AML) screening through providers like Dow Jones, Dun & Bradstreet, LexisNexis, and World-Check.
Use automated compliance Workflows
An intelligent, rules-driven processes ensures regulatory compliance for multiple jurisdictions and streamlines approvals for effective onboardings and continuous client lifecylce management (CLM).
Plans and pricing
Standard Edition KYx Compliance Suite
Core Platform on a SaaS basis with onboarding one standard entity (customer) - pay per transaction - excluding Third Party Data (e. g. DnB, Moodys, Eurospider)
- Minimum contract 3 years
Core Platform on a SaaS basis with onboarding one standard entity (customer) - pay per transaction - excluding Third Party Data (e. g. DnB, Moodys, Eurospider)
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Governance, Risk, and Compliance |
| Industry | Cross-Industry, Banking |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
Solution Description
Solution Blog about KYC, AML and transparency regulations
Key product features
Publisher
Szimfoni GmbH
A multi-purpose IT service and data management company renowned for a commitment to delivering solutions to a variety of sectors, the Szimfoni solutions are highly adaptable for the needs of your business. We work with your team to create the best processes to help you deliver outstanding service to your customers.
