Planning your journey to perpetual KYC - The pKYC maturity model


The evolving financial crime landscape, and risk appetite, mean firms cannot afford to rely on timebound assessments to unearth material risk.

Perpetual KYC (pKYC) changes the way customer information is monitored by replacing manual, time-consuming and expensive periodic reviews with a technology-centered, data-enabled alternative. The result is that firms can maintain up-to-date customer profiles, achieve ongoing compliance and, ultimately, know the customer better.

A lack of understanding of the scale of the transition required and general process inertia still holds many firms back from achieving true automation. Encompass have worked with their pKYC advisory board to create a standardized framework to help firms plan their journey to pKYC

Included in this whitepaper

  • An overview of the pKYC advisory board
  • A framework for pKYC
  • The KYC maturity curve
  • The pKYC maturity model

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