Clari5 Customer Due Diligence

Clari5 provides Financial Institutions a lifecycle assessment and re-assessment of customer risk as part of know your customer (KYC) applicant on-boarding and ongoing customer due diligence processes. The solution streamlines money laundering risk assessment, improves customer understanding, and allows firms to better identify, manage, and mitigate customer related risks.

It works through:

• Integration with an On-boarding System – Clari5 can integrate with the existing onboarding system to capture the Customer Information
• Customer Risk Categorization (CRC) – Risk scoring for new on-boarding customers and ongoing basis, based on the money laundering risk for CDD/EDD. Comprehensive Risk Scoring framework using Demographic profiles, Geographic, Product Subscriptions, Watch List Matches, etc.
• Configurable Questionnaire Template during on-boarding – Based on the Customer Risk Identified by Clari5, there can be additional Interactive and dynamic forms and questionnaires that can be taken from the Customer
• Capture and maintain multiple Beneficial Owner Information for New Accounts and established Customers
• Document Collection (based on CRC) along with expiry date
• Check against Various list/Sanction Screening against Customer and Beneficial Owner information – Clari5 enables real-time identity verification, negative news search and understanding of directorship and beneficial owners for better decision making through various integrations with 3rd party data and list providers, or the user's own 3rd party tools
• Case Creation and Reporting – Integrated case management for manual investigation of AML cases/incidents detected by Clari5. Intelligent case routing features to the right investigator, built-in work flow for case investigation and closure with evidence and audit trail