Today’s rapidly evolving regulatory environment means that firms are increasingly looking at faster and more cost-effective methods to comply and reduce the burden of Know Your Customer (KYC) requirements.
Verifia’s Services is a core component of the overall KYC CHECKS due diligence workflow process for brokers, custodians, corporates, fund admins, managers and service providers. Our market-leading solution is built on Counterparty Manager, ensuring entity data, document collection, tax profile validation, regulatory protocols and self-declarations, legal credit agreements and operational setup information is complete, accurate and up-to-date.
We actively support the use of KYC utilities and have been investing in the development of Verifia's Service as a founding design partner since its inception. Now that the service has been developed, we want to encourage market adoption. KCP is inviting customers to subscribe to this service and contribute their KYC documentation and data to Verifia.
At Midas, we actively encourage the adoption of KYC utilities to drive industry simplification; and improve the delivery of services to our clients. Current practices are complex and time consuming. Gathering client information in a single place benefits both clients and financial institutions.
We are growing fast and needed a screening solution that was built for scale and could speed up our customer onboarding without compromising compliance. Verifia's service & team delivered on all counts.
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