EXL Know Your Business (KYB)

Overview

• Severe Sanctions and Fines: Inadequate KYB can lead to significant penalties and restrictions on business operations.
• Damaged Trust: Poor KYB practices can harm relationships with stakeholders.
• Timeliness and Accuracy Issues: Traditional KYB methods often fail to provide timely and accurate insights.
• Compliance Challenges: Staying compliant with outdated, manual processes is difficult.
• Risk Management: Inefficient KYB processes hinder effective risk management.
• Operational Efficiency: Manual KYB methods reduce overall business efficiency.
• Trust-Based Relationships: Building strong, trust-based relationships is challenging without agile and automated KYB approaches.

Key Features & Functionality

• Seamless Integration: KNOWB's Agentic AI capabilities enable integration with any proprietary data source, providing exceptional coverage, including for small businesses.
• Enhanced 360 View: Improves the comprehensive view of a business through deep web research agents and continuous monitoring.
• AI-Powered Automation: Utilizes AI to integrate data from various sources, applying data models and business rules seamlessly.
• Comprehensive Risk Assessment: Assesses risk across multiple factors such as Market Risk, Operational Risk, Industry Risk, and Historical Activities.
• Real-Time Compliance and Monitoring: Provides real-time verification and continuous monitoring, ensuring informed decision-making, compliance, and strong client relationships.

Benefits & Business Impact

• Scalability - designed to adapt to growing business needs
• Efficiency - Automating labor intensive activities, solution streamlines KYB Checks, reducing time and effort.
• Cost Savings - Automated process reduce operational expenditure and overall costs of KYB compliance activties
• Accuracy - The data collected is precise and integrated data sources reduce errors and improves reliability.