
Compliance Score History
Meeting KYC (Know Your Customer) obligations plays a crucial role in building trust with clients. The better you know your customers, the more compliance score
Know Your Client (KYC) procedures are a critical function in establishing customers’ identities and understanding the nature of their activities.
In PrivDRM, we implemented a document-based identity confirmation process that is secure, reliable, and necessary for meeting KYC obligations.
You’ll be able to create a custom registry of documents for each business relationship. This registry will have a listing of the documents that are required for compliance and KYC validation.
Some documents, such as passports, have expiration dates and may not be valid for KYC. For this reason, it is possible to create documents types with expiration dates and reminders that eventually show under the Alerts Sections.
Once the expiration date has been reached, the document will be required for compliance again and your client’s compliance score will automatically be adjusted.
PrivDRM supports various file types such as:
Meeting KYC (Know Your Customer) obligations plays a crucial role in building trust with clients. The better you know your customers, the more compliance score
How does KYC work? KYC (Know Your Contact in PRIV.DRM) is a significant element in establishing customers’ identities and understanding the nature of their activities.
Documents in Privdrm? Know Your Client (KYC) procedures are a critical function in establishing customers’ identities and understanding the nature of their activities. In PrivDRM, we implemented
Logical grouping for descriptors The descriptors are a core feature of PRIV.DRM. They can be a part of the compliance process, risk review, risk assessment,
What do we offer? On the Help Port, we will provide you with quick information in the form of Frequently Asked Questions – FAQ Help