EY Financial Crime Solutions - Know Your Customer

de EY Global

Microsoft preferred solution

Drive KYC efficiency and simplify regulatory compliance

Solution overview

Recognizing the challenges and opportunities for banks in battling financial crime, the EY-Microsoft alliance has collaborated to create a scalable and secure platform to modernize financial crime operations. The EY Know Your Customer (KYC) solution helps automate processes across the entire customer onboarding cycle and is also available as a service for banks lacking the internal resources to effectively manage KYC operations.


EY teams deploy the EY Financial Crime platform on the Microsoft Cloud for Financial Services to:

  • Securely receive and load sensitive client data
  • Automatically enrich data with third-party data sources, such as UK Companies House and other trusted sources
  • Use intelligent search and sentiment analysis to automate preparation of Negative News Reports
  • Implement a standard rules-based model for risk rating and case structuring
  • Leverage analytics and visualization to automate the preparation of company ownership structures to confirm ultimate beneficial ownership
  • EY teams provide a cloud-hosted solution locally to comply with data sovereignty requirements

Solution benefits
  • Reduces manual workload and inefficiencies by automating 40%-90% of KYC processes
  • Improves the customer experience by reducing onboarding cycles
  • Provides access to consistent risk management systems for improved decision making
  • Supports on-demand scaling up by leveraging the Microsoft Azure cloud platform
  • Identifies legitimate customers and reduces the cost of onboarding a client 
  • Simplifies customer requests and document submissions and improves digital outreach

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