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Client Data
 Whitepaper: Streamlining KYC
Challenges
- Inconsistent flow of client information across Bank systems; information mismatch among various systems leading to discrepancies
- Realigning existing client details to match data security standards and regulatory requirements
Solution
- Managing & updating information regarding Banks’ client accounts across different client systems
- Information accuracy ensured by additional wildcard search on third party sources like BA, Bloomberg, Factiva and One Source
- Collating / updating customer information for different regions; Patriot Act data collection (objective to check legitimacy of new clients)
- Disseminating KYC information to buy-side clients through spreadsheets by uploading them to client systems
- Maintaining client’s premier dedicated portal by benchmarking against competitor’s websites and auditing content
- Auditing includes availability of data, miscategorization of research and commentary pages, verifying website functionality
- Checking for broken links and highlight authorization issues using crawlers
Benefits
- Seamless integration of information from various systems ensuring minimal data mismatches
- Weekly / Monthly / Quarterly metrics pack highlighting regular issues
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