European Bank Accelerates KYC Processes with Automation

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88%

Faster data collection

1,000s

Of hours saved per week

Cuts

Compliance risks

This bank used Kofax RPA™ to automate data gathering processes linked to Customer Due Diligence (CDD) and Know-Your-Customer (KYC) checks. Today, the bank can complete data-collection work that once took roughly 13 minutes in under 90 seconds on average, saving thousands of hours a week. Faster, more complete customer investigations reduce costs and the risk of regulatory non-compliance.

Kofax RPA has completely transformed the way that we manage CDD and KYC investigations.

Spokesperson

European bank

About Company

This European bank offers a full range of products and services to retail, private and corporate clients.

Products

Kofax RPA

Focus

Robotic Process Automation (RPA)
Know-Your-Customer (KYC)
Regulatory Compliance