Feature Sheet

Enhanced Due Diligence

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Institutions are facing challenges in meeting requirements for conducting EDD reviews of high-risk customers. Managing the volume of reviews created as a result of generic risk models, as well as identifying high-risk customers, can be overwhelming.
 
Verafin’s automated EDD solution is a centralized workflow that integrates in a continuous loop with customer risk and targeted surveillance. Integrate your institution’s review policies in Verafin to create alerts, automated tasks, and customizable reports. Your EDD review output dynamically impacts customer risk to ensure an accurate risk score and efficient due diligence process.

Tagged as...

  •   CDD/EDD
  •   High-Risk Customer Management
  •   Intelligent Segmentation