How robust is your process for assessing financial counterparty risk? Manual processes that require searching multiple sources and then copying information into reports is time-consuming. They can also introduce mistakes and inconsistencies. They distract analysts and make it difficult to prove you take a consistent, risk-based approach to assessing partners.

Bankers Almanac® Enhanced Due Diligence offers you easy access to modern Know Your Customer (KYC) software. Reduce your manual workload and instead automate, standardise and enhance your risk assessment process.

Upgrading your processes to this application is easy. Customers can simply log-in, and quickly become familiar with the tool. With Enhanced Due Diligence, you can create a KYC due diligence report in under 10 minutes containing all the required documents and data that need to be reviewed. Your KYC analysts can use their time to focus on assessing counterparty risk.

When your KYC due diligence reports and processes are standardised, you’re better able to prove that you consistently take a risk-based approach to evaluating financial counterparties.

Final reports along with copies of reviewed documents and comprehensive audit trails are automatically saved to the cloud, and can be easily downloaded, enabling compliance officers to quickly provide evidence of all actions.

Focus your time on accessing risk, not gathering information. This solution creates standardised KYC reports containing documents and data including AML Questionnaire, Bank Licence, USA PATRIOT Act, Wolfsberg Group Questionnaire, and more.

Interactive ownership and key personnel charts help analysts quickly unpack entities and spot risk. Entities can be automatically screened against data, documents and screening tools:

• Coverage of over 21,000 banks
• Coverage of 200,000 other financial institutions
• Interactive ownership and key personnel charts of entities
• Automated entity screening against:
  • Sanctions – all major sanctioning bodies
  • Enforcement actions – over 1,250 enforcement sources
  • Politically exposed persons – over 2 million entries
  • Adverse media coverage – over 30,000 news sources
  • State ownership – over 30,000 news sources

Bankers Almanac® Enhanced Due Diligence places information and documents into a clear, easy-to-understand reporting structure. Allow your analysts the resources and time to focus on your organisation’s most important question: “Should we do business with this financial counterparty?”