London - Kyc.com, the joint venture between IHS Markit and Genpact, has announced a strategic partnership with Dow Jones, Exiger and Regulatory DataCorp, to deliver an end to end know your customer (KYC) process integrating compliance, onboarding, sanctions, screening, negative media searches and client risk assessment.
The kyc.com service will be powered with regulatory risk data and screening processing from RDC. The screening engine integrates RDC's Global Regulatory Information Database (GRID) of over 7 million profiles with risk relevant information. Additionally, GRID can incorporate other risk data sets using patented matching algorithms and technology enabled analyst review to deliver results to a rating engine. Every entity within the kyc.com platform can also be continually monitored for change in their risk profile ensuring protection for users at all stages of the relationship, not just at onboarding.
Dow Jones Risk and Compliance will serve as the core data provider with over 2 million global sanctions records including those related to politically exposed persons (PEPs), state owned companies, relatives and close associates, special interest persons, adverse media and watchlists.
Exiger will provide near real time public records media research through DDIQ, an artificial intelligence product that systematically removes false positives and identifies risks across premium and open source content. DDIQ will also combine the findings from kyc.com, and the data provided by Dow Jones Risk and Compliance and RDC, to produce a defined client risk assessment score for appropriate escalation within user firms.
In addition, users will have access to Exiger's team of financial crime experts to assist in the design of policies and procedures to optimise system configuration. Exiger's experienced professionals have held senior compliance roles in global financial institutions and law enforcement, bringing together a powerful combination of financial crime compliance experience.