Starting May 25th 2018; you must be able to prove compliance with European privacy regulations (AVG/GDPR) at any time. If you are not able to show that you are in control, you risk fines, reputation damage and possibly a loss of your license to operate.
These risks are easily prevented by means of innovative SynerScope technology. Use our platform to find all relevant data, either structured or unstructured and open it up for control, data government and maintainability. This way you are immediately able to become GDPR compliant.
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All banks are required to perform different kinds of customer investigations for various reasons. Know Your Customer (KYC), Customer Due Diligence (CDD), Periodic Due Diligence (PDD) and Anti Money Laundering (AML) are just some of the typical, and to a large extend manual processes.
To keep costs in check SynerScope delivers a better triage that reduces the number of files to be inspected. This will significantly lower the cycle time of the individual client files from 4 hours to 20 minutes per file.
Regulators are starting to focus on bringing substantially more customers under review, driving the need for improving economics with SynerScope.
For a CDD review, multiple sources of reliable and recent information are needed and investigators are asked to review it for particular areas of risk.
Want to know more? Check our Case Studies.