Customer due diligence software with multiple data sources
By leveraging multiple data streams, we ensure thorough scrutiny of customer information, enhancing accuracy and reliability in data verification and risk assessment. Our software verifies the customer's identity by obtaining information from multiple sources, ensuring a comprehensive understanding of each client. The platform performs robust CDD checks, including automated data checks and review of identification documents, and securely stores CDD information to support ongoing compliance and record-keeping requirements.
Pingwire Customer Due Diligence
Pingwire offers a comprehensive solution for businesses to meet regulatory obligations and regulatory requirements for financial institutions, manage risks effectively, and streamline customer onboarding processes. Pingwire’s CDD equips businesses with digital KYC/KYB forms for seamless integration into onboarding processes. It verifies customer data against multiple sources, conducts frictionless screening against relevant watch lists, and enables KYC information to serve as a basis for transaction monitoring. Pingwire's CDD solution helps financial institutions prevent money laundering and other financial crime by applying a risk based approach to onboarding each potential customer at the onboarding stage. The platform supports financial crime compliance by ensuring all regulatory requirements are met.
Optimize team productivity
Automate time-consuming due diligence tasks, including diligence checks and due diligence checks, such as gathering and validating customer data, conducting compliance screenings, and generating comprehensive reports to maximize your team’s efficiency and resource allocation, enabling them to focus on strategic initiatives. Pingwire automates information collection, reducing the need for manual checks and improving efficiency.
Streamlined Onboarding Experience
Even under strict regulatory conditions, Pingwire’s CDD module enhances the customer onboarding journey. We simplify the process so that customers face fewer repeated data requests, enjoy a smooth and efficient onboarding experience, fostering customer satisfaction and loyalty.
Improve precision and reliability
Leveraging advanced algorithms and data from multiple sources. Pingwire, together with world leading data vendors, offers up-to-date customer information ensuring accuracy in risk assessment by evaluating each customer's risk profile and financial history and regulatory compliance. Pingwire enables businesses to maintain up-to-date risk profiles and monitor changes in the customer's risk profile over time.
Data-driven insights
Pingwire’s solution includes robust analytics capabilities and ongoing monitoring for suspicious transactions and suspicious activity, enabling businesses to derive actionable insights from customer data. The platform automatically screens for adverse media and flags increased risk or illicit activity, supporting comprehensive compliance efforts. By identifying patterns and trends, you can uncover suspicious connections, anticipate increased risks, and make informed decisions. Ongoing monitoring is essential to detect suspicious activity and protect your business against illicit activity.
Scale globally
As businesses expand, manual CDD processes used by other financial institutions and companies in the financial sector become cumbersome and error-prone. Pingwire’s CDD seamlessly scales across markets and products to accommodate growing customer volumes without compromising accuracy or efficiency. Pingwire's CDD solution is designed to support business growth and maintain compliance as your customer base expands. The platform can be used by any company or business in the financial sector or other financial institutions.
Follow up customer activities
Include transactions and activities in your customer due diligence process, such as monitoring the customer's activities and financial transactions for signs of money laundering or terrorist financing. The platform tracks the movement of funds and identifies money laundering risks, triggering enhanced due diligence when necessary. Create thresholds based on historical activity or information directly from your customer. Abnormal behaviour will easily be detected.
