Given KYC obligations, banks, insurers, export credit agencies, other financial institutions and even major corporates are increasingly demanding that customers provide detailed due diligence information. This now includes all companies, including non-profit organizations and even private individuals. Conpend’s KYC AI app allows FIs and corporates to onboard SMEs, non-profit organizations and individuals – as both suppliers and customers – through an automated process. Tedious and repetitive tasks that are prone to human error are undertaken by the app, freeing compliance officers and relationship managers to focus on resolving the discrepancies identified by the app.
Conpend's KYC AI app includes: