Discover KYC vulnerabilities in your processes and content

Define your KYC plan and put it to action with ABBYY intelligent automation.

Get the insight you need to get on top of KYC

Finance crimes, such as terrorist activity, money laundering, and fraud, most often occur through fooling the bank’s processes or with suspicious, irregular documents—leading to billions of dollars in fines and legal exposure. ABBYY offers a comprehensive approach to getting on top of KYC. Our AI-based technologies help to identify how and where questionable interactions take place between customers and the bank—alerting you to vulnerabilities in processes and suspicious content.

Target key areas of vulnerability with ABBYY KYC solutions

Process transparency with intelligence

By helping financial institutions discover the complex interactions between customers, employees, processes, and content, ABBYY Timeline assembles the right data to get a clear picture of end-to-end processes, point out vulnerabilities and opportunities for change, and provide ongoing monitoring against compliance criteria.

Onboarding

KYC starts at the first contact with customers, including account set-up and the documents used for authenticating customers. Connecting the onboarding process with the entire customer interaction process can reveal suspicious activity early. ABBYY Intelligent Document Processing solutions help banks automate the document intake processes for customer onboarding according to KYC policies and best practices

Visualization

Unlike process mining and other approaches that just show what the process looks like, ABBYY Timeline exposes the important dimensions of human and content interactions with the processes – where customers and employees take actions and input, review, and decide on critical content. Identifying the content types and patterns of interaction can identify and flag suspicious activity.

Crimes and fraud detection

Process loopholes and suspicious documents are the most likely vulnerabilities banks have to potential crimes and fraud. ABBYY helps banks identify and counter these vulnerabilities early with both the process awareness and intelligent document processing that can establish the authenticity of documents from the moment they enter the process.