Intelligent KYC dramatically reduces operating costs by 30 percent and improves turn-around time and STP rates for on-boarding new financial services customers

TORONTO, CANADA (SIBOS) – Oct. 16, 2017 – NTT DATA Services, a recognized leader in global technology services, released its latest enhancements to its Know Your Customer (KYC) solution including advanced automation capabilities to drive efficient operations for financial services clients.

“Inconsistent and non-standardized customer onboarding and KYC processes, combined with manual and redundant tasks, often lead to longer onboarding timelines and higher operating costs,” said Niraj Singhal, Vice President, Financial Services, NTT DATA Services. “By automating and standardizing onboarding processes, NTT DATA’s Intelligent KYC helps reduce operating costs up to 30 percent, significantly reduces on-boarding time, and creates a superior customer onboarding experience – a critical component to achieving anti-money laundering (AML) compliance.”

The new Intelligent KYC solution supports smart digitization of manual tasks, cognitive/AI-based identification and verification, and advanced analytics and automated screening to improve straight-through-processing (STP) rates of onboarding processes. These added capabilities are offered as a full end-to-end managed services-based solution including: 

  • Consultative assessment and advisory services for KYC maturity assessment and regulatory compliance
  • KYC platform implementation and support
  • Service-level Agreement (SLA)-based on-boarding and KYC operations on a global delivery model
  • Solution accelerators and frameworks for faster on-boarding
  • Cloud hosting and infrastructure services

Learn more about NTT DATA’s Intelligent KYC and KYC-in-a-Box offerings.

About NTT DATA

NTT DATA Services partners with clients to navigate and simplify the modern complexities of business and technology, delivering the insights, solutions and outcomes that matter most. We deliver tangible business results by combining deep industry expertise with applied innovations in digital, cloud and automation across a comprehensive portfolio of consulting, application, infrastructure and business process outsourcing services.

NTT DATA Services, headquartered in Plano, Texas, is a division of NTT DATA Corporation, a top 10 global business and IT services provider with 110,000+ professionals in more than 50 countries, and NTT Group, a partner to 88 percent of the Fortune 100. Visit nttdataservices.com to learn more.

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