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Laven Tech

KYC Assistant

The KYC Assistant is the Laven software designed specifically to assist firms with their client onboarding processes. The software is developed to streamline both time and cost efficiencies, whilst reducing human error.

The KYC Assistant is the Laven software designed specifically to assist firm with their client onboarding processes. The software is developed to streamline both time and cost efficiency, whilst reduc
The industry’s stringent compliance requirements spanning controls and oversight to performing continuous due diligence on clients and investments make it harder for businesses to establish strong yet

The software is an effective tool to ensure the firm collects all relevant information for any new client, as well as any potential risks being automatically flagged.

Client Portal
The KYCA is a portal you can open up to your client where they can directly input all relevant information required for the KYC process. Any potential risks are automatically highlighted to the onboarding team. Throughout the process, the client onboarding team has full oversight of the Client’s progress through the report.
Expertise
The KYCA is designed to combine subject matter expertise with technology and the software will support various modules including MiFID/MiFID II or US FINRA rules.
Consistency
Laven’s software offers automated report text which ensures consistency in language and terminology regardless of who is completing the report. It also gives the ability to standardize when potential risks (i.e. red flags and concerns) are raised within a report.
Ensured Objectivity
Laven’s KYCA ensures objectivity because every question can be directly related back to a regulatory or best practice standard so clients are able to quickly understand why certain questions are being asked.
Duplication Feature
Laven’s duplication feature allows for efficient ongoing reviews that allows you to track the evolution of issues whether new or resolved in comparison to the previous report, saving time and ensuring continuity.
Customisation
Within the KYCA, there is the ability to use the standard Laven report templates or customise the report content to your firm’s needs. Moreover, the interface and final report produced within the software can be customised with your branding and logo as a white-labelled solution so that your clients are logging into your system.
Store all materials in one place
The KYCA has a document depository so any documents relating to the report can be uploaded to the software, for example evidence of address. The benefit of this is all documents related to the report are stored in one place and accessible to the whole onboarding team.
Blog system
The KYCA has a document depository so any documents relating to the report can be uploaded to the software, for example evidence of address. The benefit of this is all documents related to the report are stored in one place and accessible to the whole onboarding team.
Calendar Function
Diary functions for deadlines and report due dates to ensure efficient allocation of resource and effective management of review schedules.

Contact us

Get in touch with our experienced team to book a demo of our software.

Get in touch with our experienced team to book  a demo of our software.