Too many tasks for too many customers
Institutions are facing challenges in meeting requirements for conducting periodic enhanced due diligence reviews of high-risk customers. Managing the volume of reviews created as a result of generic risk models, as well as identifying unidentified high-risk customers, can be overwhelming, especially with a manual process.
Verafin’s automated Enhanced Due Diligence solution is a centralized workflow for reviews that integrates in a continuous loop with customer risk and targeted surveillance. The output of the EDD review process dynamically impacts customer risk to ensure an accurate risk score and efficient due diligence process.