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Siron™ KYC is an end-to-end solution for managing KYC compliance throughout the customer relationship life cycle. It supports the risk classification process of new and existing customers, including audit-proof documentation. Siron™ KYC utilizes third-party databases with ready-to-use interfaces to match customer information with sanction and watch lists, and to automatically identify beneficial owners and politically exposed persons (PEPs).
Faster customer on-boarding and superior data
Reduces the time of performing customer due diligence during on-boarding through real-time KYC checks and customer data improvements.
Quickly addresses regulation changes
Build-up institute-specific KYC questionnaires with an user-friendly interface and classify customer risk through easily adaptable rules and configuration capabilities.
Access to the latest customer risks
Automates customer risk reclassification by auto-checking for PEP and sanctions, and continuously monitoring KYC information against real customer behavior.
Siron™ KYC supports enterprises through the critical onboarding process by identifying who is their customer and what is the customer’s level of money-laundering or terrorists financing risk. Easily adaptable Know Your Customer questionnaires are customized with necessary statutory requirements and industry standards to automatically determine the risk rating of potential customers.
Flexible integration for existing customers onboarding processes.
Compliance with statutory customer due diligence for risk-based customer acceptance.
Designed to create and maintain dynamic Know Your Customer questionnaires.
Matches customer information with sanction and watch lists to identify criminals, and with PEP databases in order to comply with enhanced customer due diligence for PEPs.
Automatically retrieves beneficial ownership.
Real-time risk classification through default and customizable rules.
Interfaces with research systems (e.g. Siron™ AML) to detect deviations from the initial "intentional" description and the actual behavior of the customer.
Standardizes data from the core banking system to verify existing customers.
We want to help you future proof the next step in your organization’s journey by sharing the lessons FICO experts have learned about building resiliency during tumultuous times. Register below to gain access to our virtual event series.
From April 20 through May 28, FICO will host a series of live webinars sharing best practices and strategies for resiliency in your organization. The topics fall within six tracks including adaptability, digital customer engagement, risk management, operational efficiency, building trust and protecting customers.
This course explains elements and functions of the Siron™ programming lan-guage. It focuses on those aspects needed for rule building in the Siron™ prod-uct suite and shows examples of how to use Siron™ syntax in Siron™ AML and Siron™ KYC.
Cost-cutting measures continue to put more pressure on bank resources to do more with less. A greater level of competition — not only from traditional players but also from fintechs — and heightened expectations from consumers, as well as ...
In these uncertain times even more business moves to digital channels, compliance teams face new challenges and need to adapt to new emerging threats. While customer expectations of a frictionless experience grows and the opportunity for f...
Client: 4finance Group
Challenge: Ensure anti–money laundering compliance in a way that did not compromise its brand promise of delivering fast funds to creditworthy people.
Solution: FICO® Siron™ Anti—Money Laundering and Know Your ...