FIS® Global KYC is a comprehensive solution designed to optimize the new account opening process for financial institutions. It addresses the critical challenge of balancing rapid customer onboarding with robust fraud prevention and regulatory compliance. Recognizing that delays can lead to customer abandonment, the platform provides a single, holistic view of an individual's identity, significantly reducing the need for sluggish manual approval tasks. The system automates decision-making in real-time, leveraging customizable rules and workflows, alongside ready access to advanced verification and fraud detection tools. This integrated approach ensures lower fraud rates and improved compliance, directly supporting account growth without unnecessary impediments. By consolidating multiple vendor solutions, FIS Global KYC eliminates the complexities and roadblocks associated with fragmented systems, offering a unified platform for identity management. It empowers fraud and compliance teams with a singular, comprehensive view of the accountholder, removing the need for manual intervention and breaking down operational silos. Ultimately, the solution aims to create a welcoming and efficient experience for new customers, allowing them to open accounts quickly and easily, without the risk that delays will discourage them, all while maintaining stringent security and regulatory standards.

Features & Benefits

• Consolidated Vendor Management
  • Eliminates the need to integrate and maintain fractured solutions that cause onboarding roadblocks.
• Operational Silo Reduction
  • Empowers fraud and compliance teams with one comprehensive view of the accountholder, removing manual intervention.
• Expedited Customer Onboarding
  • Facilitates a fast and easy account opening experience for newcomers, mitigating the risk of abandonment due to delays.
• Real-time Automated Decisioning
  • Automates identity verification and fraud checks in real time using customizable rules and workflows.
• Enhanced Compliance & Fraud Control
  • Provides ready access to advanced verification and fraud tools, resulting in lower fraud rates and better regulatory compliance.