Challenges
Anti-money Laundering is a key Compliance that Banks must comply with domestic and international regulations. The Bank requires an advanced Customer Due Diligence-X to provide the next stage of due diligence coverage for the Bank.
Our Solution
Stream implements an effective Customer Due Diligence (CDD) with accurate risk assessment of Bank’s customers from Day One, as well as precise ongoing monitoring of changes in customer risk during their relationship with the Bank.
Stream implements the business system as well as the integration with Bank channels and internal systems.
Customer Due Diligence
CDD-X
- Effective Customer Due Diligence (CDD) requires an accurate risk assessment of your customer from Day One, as well as precise ongoing monitoring of changes in customer risk during their relationship with your organization.
- CDD-X is an end-to-end solution, enabling you to have confidence that you understand your customer and their risks throughout the customer life cycle.
Key Achievements
The project has gone life successfully in 2022-2023 and enables the Bank to implement the policy to “Know your customers. Know your risk.” through the conduct of effective CDD. Now the bank can Risk Assess their customers with confidence through their life cycle.
