Achieving compliance with current and future regulatory requirements—in financial services, insurance, government or any industry—is complex, expensive and time-consuming. The challenges are many: collecting data from disparate locations and integrating into your internal processes; delivering comprehensive audit trails; ensuring the secure involvement of people in the process; monitoring, tracking and reporting compliance information on a timely basis; and managing legacy systems often ill-equipped to adapt to frequent regulatory changes.
To securely deliver compliance—especially when customers, employees and partners work on multiple channels, including mobile—you must digitize your compliance process. For fraud detection, identity verification or compliance with Customer Due Diligence (CDD), Know Your Customer (KYC), Anti-Money Laundering (AML), General Data Protection Regulation (GDPR) or other requirements, your organization must implement a digital transformation solution that consistently applies business rules while offering the flexibility to evolve as regulatory compliance requirements change.
We are inspection-ready in a much more controlled way than before, as the Kofax solution guarantees an extremely high quality of documentation.
When you automate the acquisition, enhancement and delivery of required data and documents, and securely engage the right people at the right time, you streamline your processes to ensure compliance and reduce the risk of fines and other sanctions.