Solutions for meeting Compliance Requirements

Matching against Restricted Entity / Terrorist List / OFAC List

This solution allows the customer acquisition systems to query the customer record against the Terrorist List / OFAC List / PEP list which are required as part of statutory compliance needs.

Unique Customer Id Generation

The objective is to assign Single ID (UCIC) for a customer which can bind all the accounts held by the Customer. Recent RBI notification for all the Banks “Under the Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines”, where in RBI mandated that all Banks in India to set up system for allotment of UCIC (Unique Customer Identification Code) to all its customers. This will act as a central system with which all the systems would interact with for the creation of UCIC, determine the customer’s relationship with the bank.