Complex business structures can mean you need to take further steps to be sure you know who you’re dealing with. Incomplete information and disjointed systems make it hard to get a good view of your customer risk profile. Getting it wrong can cause delays, inconvenience and can mean a negative experience for both you and your customers.
With an increased focus on business customer verification and monitoring due to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, organisations are benefiting from placing an increased commitment on checking and validating business customers through Experian’s Compliance Solutions.
ComplianceIQReview, benchmark and risk assess your back-book through a retrospective data analysis to validate businesses in your existing portfolio
Access reliable external data sources at the point of on-boarding new customers
Apply verification at on-boarding in real-time with our APIs
Verify and evidence customer information and status, full corporate structure, all Directors, UBOs and shareholders
Quickly access key data about existing and new customers, reducing the risk of missing, hidden or changing information
Spot and deal with suspicious activity as quickly as possible
Streamline your processes, run consistent automated checks and reduce operational costs
Reduce time delays from manual processing, and improve customer experience