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Know your customer (KYC)

News | 23 Apr 2021

CM1 is expanding their add-on module for Know your customer (KYC).

KYC is an important part to counter money laundering or terrorist financing. Having good customer knowledge is a requirement for your compliance according to the Money Laundering Act.

In December 2020 the CM1 add-on module included possibility to collect KYC information from customers.

With CM1’s module for Know your customer (KYC), you get for an example access to the following functions:

  • Your customer can respond to customer knowledge digitally.
  • Your customer can identify themselves and sign digitally with several different types of Bank Id.
  • You immediately receive a risk assessment from the customer based on your business’ risk configuration.
  • You can define your customer knowledge forms with language support and the company’s graphic profile.
  • Customer notice forms can be sent out manually or sent out automatically at recurring periods or according to established rules.
  • Reminder functionality – for an example you can automatically send reminders for non-received customer knowledge.

Contact

If you have any questions, please contact Tommy Paanola, tommy.paanola@softronic.se

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