Too many tasks for too many customers
Institutions are facing challenges in meeting requirements for conducting periodic enhanced due diligence (EDD) reviews of high-risk customers. Managing the volume of reviews created as a result of generic risk models can be overwhelming, especially with a manual process for identifying and risk-rating customers.
Verafin’s automated EDD 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.