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.
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.
Our Compliance solutions provide relevant, accurate and up-to-date information to make quick and consistent customer assessments that allow you to take a risk-based approach to your KYC requirements.
Access reliable external data sources at the point of on-boarding new customers.
Apply verification at on-boarding in real-time with our APIs.
A periodic risk assessment of the back-book, or/and a notifications mechanism to flag specific updates in your portfolio.
- 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.
In batch, for one-off remediation and monitoring.
In real time, with Experian checks integrated into your own systems.
Or online, using our portfolio monitoring tool, ComplianceIQ.
ComplianceIQ is a web-based portfolio monitoring tool designed for businesses who operate in regulated environments. It provides the opportunity to continually monitor, control and investigate your entire business portfolio, by enabling you to quickly apply and demonstrate your own risk policy according to your organisations risk appetite.
ComplianceIQ offers data-driven proactive risk monitoring of UK companies to aid appropriate risk-based decision making.
Easily configure a bespoke risk policy in alignment with your company’s risk appetite.
Combined view of risk presented by all key parties (Ultimate Beneficial Owners, Shareholders, Directors and Secretaries) related to an individual company.
Identify new risks in your portfolio.
Understand the overall risk exposure of your portfolio at a glance.
Surface hidden trends and take appropriate action.
Balance your appetite for risk with commercial pressures based on known facts, not assumptions.
Your risk policy, your way. Easy setup of your unique company risk policy.
Four eyes principle. Automatically enforced and fully audited risk policy approval process.
Track historical changes to risk profiles to aid transparency and audit.
Proactively highlights areas requiring attention.
Consolidate multiple independent data sources into a single platform to support risk management.
Efficiently spot the risks hidden within complex corporate structures.
Powerful deep search for PEPs, Sanctions and Adverse Media.