EY Financial Crime Solutions - Know Your Customer

avtor: EY Global

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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