Strengthen your customer intelligence and KYC processes
Customer Due Diligence (CDD) is the cornerstone of effective customer risk management. To maximize their effectiveness, CDD/EDD processes need to be streamlined across the entire customer life cycle. Data collected at account opening but not utilized during the assessment of future customer activity is a lost opportunity and a blind spot in customer risk assessment.
Verafin ties all stages of the customer lifecycle together. From customer onboarding to ongoing transaction monitoring, Verafin provides you with a complete, customer-centric CDD solution — helping you accurately assess the customers that pose the greatest criminal risk to your institution.