2.2.4 Due Diligence and Enhanced Due Diligence

Even for prospects, due diligence and Enhanced Due Diligence (EDD) must be performed. Real time Risk assessments are created for every request being sent by the onboarding system. Depending on the requirement of case creation for prospects the case is created in real time and made available for users to investigate and then take the decision if they can be onboarded or not. OFS KYC onboarding service caters to all the needs of KYC regulations. It performs CIP, Screening, Scoring, and Decision for on board as well.

For more information, see Oracle Financial Services Know Your Customer Service Guide.