https://store-images.s-microsoft.com/image/apps.61239.f21cbbb9-ca71-4c3c-9669-18bbebb0e626.1b2bdedb-2ad9-48bd-8873-379f56ac92e4.f0514d4d-b879-44d9-a213-f104e7904da4

EY Financial Crime Solutions - Know Your Customer

by EY Global

Drive KYC efficiency and simplify regulatory compliance

Solution overview

Recognizing the challenges and opportunities for banks in battling financial crime, the EY-Microsoft alliance has collaborated to create a scalable and secure platform to modernize financial crime operations. The EY Know Your Customer (KYC) solution helps automate processes across the entire customer onboarding cycle and is also available as a service for banks lacking the internal resources to effectively manage KYC operations.

Solution:

EY teams deploy the EY Financial Crime platform on the Microsoft Cloud for Financial Services to:

  • Securely receive and load sensitive client data
  • Automatically enrich data with third-party data sources, such as UK Companies House and other trusted sources
  • Use intelligent search and sentiment analysis to automate preparation of Negative News Reports
  • Implement a standard rules-based model for risk rating and case structuring
  • Leverage analytics and visualization to automate the preparation of company ownership structures to confirm ultimate beneficial ownership
  • EY teams provide a cloud-hosted solution locally to comply with data sovereignty requirements

Solution benefits
  • Reduces manual workload and inefficiencies by automating 40%-90% of KYC processes
  • Improves the customer experience by reducing onboarding cycles
  • Provides access to consistent risk management systems for improved decision making
  • Supports on-demand scaling up by leveraging the Microsoft Azure cloud platform
  • Identifies legitimate customers and reduces the cost of onboarding a client 
  • Simplifies customer requests and document submissions and improves digital outreach

At a glance

https://store-images.s-microsoft.com/image/apps.60026.f21cbbb9-ca71-4c3c-9669-18bbebb0e626.89aac9f2-9cd4-40e1-87cc-cc10c4e4eae1.955adccc-fd47-4ffd-9016-296b4f1bbd6f
https://store-images.s-microsoft.com/image/apps.41073.f21cbbb9-ca71-4c3c-9669-18bbebb0e626.89aac9f2-9cd4-40e1-87cc-cc10c4e4eae1.9cdeea19-b77f-420c-9f86-1a0bb65649eb
https://store-images.s-microsoft.com/image/apps.59423.f21cbbb9-ca71-4c3c-9669-18bbebb0e626.89aac9f2-9cd4-40e1-87cc-cc10c4e4eae1.9537c79e-238d-498e-b291-85831af6cd98
https://store-images.s-microsoft.com/image/apps.3276.f21cbbb9-ca71-4c3c-9669-18bbebb0e626.fd29c812-29cb-4a17-8594-f489d3108e69.6b5df0a0-aef8-4d03-a328-7df9563e77ec
https://store-images.s-microsoft.com/image/apps.62439.f21cbbb9-ca71-4c3c-9669-18bbebb0e626.fd29c812-29cb-4a17-8594-f489d3108e69.f58f5ae8-38c9-4623-81a7-9b626265f76e