BlackSwan Technologies (BST), the leader in enterprise AI- Operating Systems, announced the launch of KYC on Demand, a high-performance, scalable, and military-grade security SaaS platform. The platform empowers financial institutions to onboard new customers and sell regulated products while meeting rigorous compliance regulations, any time, and from anywhere in the world.
“A distributed workforce capable of working from anywhere is a new reality of many global organizations today, changing the term ‘9-5’ inevitability.”, Says Harinder Singh Sudan, SVP, Global Practice Lead, “But working remotely, particularly when onboarding new clients or selling regulated products, brings with it a hefty dose of compliance challenges.”
“To help address these core business challenges, our new KYC on Demand offering enables secure remote access from anywhere in the world to complete business-critical KYC checks for retail, private and corporate clients,” says Harinder.
KYC on Demand utilizes cognitive computing, Artificial Intelligence and Knowledge Graph technologies for best-in-class data acquisition & enrichment, and driving automatic analytical insights and predictions.
Vital data obtained during KYC functions as seed for enrichment from millions of structured and unstructured sources such as a high credential, open and restricted sources, global news, and other internal and external data sources. Ensuring immediate and complete information is included in the screened entity’s KYC profile.
Financial Institutions that use KYC on Demand have seen effort reductions of over 60% and an increased analyst’s productivity by 100%. This is achieved through improved entity resolution, an automated corporate structure built up to the UBO level, data aggregation, Adverse media and more accurate screening.
Secure remote access, with ‘zero trust,’ efficient and reliable connectivity, is provided by Netfoundry (a TATA communication company). This allows remote workers to get up and running in minutes from anywhere benefiting from a private network.
KYC on Demand is offered as a standalone SaaS or as a fully managed service via BST business partners.
Blackswan Technologies is a SaaS Product company. Its Flagship product ELEMENT is a cognitive operating system enabling the full cycle of the rapid development of Enterprise AI-driven applications, centered on the concept of augmented human intelligence. Essentially ELEMENT is the foundation that can be used by enterprises across multiple industries to build robust AI applications & tools that would allow to collect better and organize the necessary information, gain competitive intelligence, improve accountability and compliance, drive new business opportunities and increase the predicting power – all while cutting costs, reducing errors and eliminating waste.
BlackSwan ELEMENT is trusted by some of the largest global data-intensive organizations and can be offered as a Managed Service by global consultancies, MSPs and System Integrators