In a newly announced strategic collaboration, KYC Portal has teamed up with PwC UK and PwC Channel Islands. PwC UK and PwC Channel Islands will deploy KYC Portal CLM, the company’s client lifecycle management platform that features AML technology, including risk assessment tools and advanced due diligence (CDD) capabilities. For its part, PwC — with its international expertise in financial crime prevention, process management, and regulatory landscapes — will offer its services to KYC Portal customers.
“KYC Portal CLM is revolutionizing the way organizations manage compliance, risk, and client lifecycle processes,” KYC Portal Founder and CEO Kristoff Zammit Ciantar said. “Through this collaboration with PwC, we are empowering companies with an unparalleled combination of technical excellence and strategic insight. We are extremely proud to have been selected by PwC for such a collaboration and are very excited to start presenting our combined service playbook to both existing and new customers.”
An advanced collation CLM platform for CDD and AML data collection, KYC Portal CLM centralizes and simplifies the customer due diligence process. KYC Portal CLM lowers costs, customer touch points, and overall duration, boosting efficiencies by over 60% across the board. The no-code, real-time solution features dynamic configuration capabilities enabling users to change processes, requirements, outreach, risk, workflow, and more with a click of a button. KYC Portal CLM also features real-time counterparty risk assessment (CRA) via an automated risk engine with user-defined parameters, weights, combined risks, categories, and more.
“With KYC Portal CLM, we are well-positioned to help organizations navigate the complexities of compliance with confidence,” said Mark Loring, Partner, Financial Crime Managed Services Lead, London PwC UK. “Our collaboration allows us to offer a seamless blend of strategic consulting and technical capability to support organizations in achieving their compliance and operational goals.”
Founded in 2008, KYC Portal made its Finovate debut at FinovateEurope 2019 in London. At the event, the company demoed its KYCP — Know Your Customer Portal — solution, which allows organizations to quickly collate all data relating to all kinds of subjects being assessed in a single, centralized, secure repository. This repository features fully customizable parameters, fields, rules, user permissions, and collaborative practices.
KYC Portal is headquartered in Malta, with offices in Spain. The company includes RBS International, Loomis, and Arie Finance among its customers. Last fall, KYC Portal launched a SaaS model of its on-premises CLM solution.