Document Management in PrivDRM

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 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.

What if a document has an expiration date?

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.

Which document file types can I use?

PrivDRM supports various file types such as:

  • Word,
  • Excel,
  • PDF,
  • JPG, and more.
 
Share on facebook
Share on twitter
Share on linkedin
Line chart of the compliance history evolution
Release
Privork4Admin

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

Read More »
Release
Privork4Admin

KYC Summary

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. 

Read More »
Release
Privork4Admin

Document Management in PrivDRM

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

Read More »
Descirptor Groups and compliance
Release
Privork4Admin

Descriptor Groups

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,

Read More »

Leave a Reply

Your email address will not be published.

Comment

Name

Email

Url