counterparty onboarding and monitoring
The Detica NetReveal® onboarding and monitoring solution creates an automated holistic view of your counterparty and their associated data, enabling the identification, measurement, monitoring and reporting of compliance, reputational and operational risk. This comprehensive view of every counterparty, enables onboarding teams to reduce the number of investigation sources during the onboarding process.
Detica NetReveal® can deliver:
- ‘Know Your Customer’ (KYC, AML), MiFID client classification, sanction screening and other related client-regulatory due-diligence requirements;
- a single aggregated view of your counterparty and their associated ‘social network’;
- enhancements to the on-going AML-compliance processes on a single platform;
- a risk-based approach, which is based on true exceptions rather than on process, by evaluating the risk of every counterparty automatically;
- management of onboarding and maintenance of new and existing counterparties across many teams, including sales, operations, compliance, documentation, tax, credit and legal;
- transparency for stakeholders throughout the counterparty lifecycle;
By linking together internal and external data sources and then merging this information with the single counterparty view, Detica NetReveal® provides a central counterparty repository of all networked data. Data sources can include:
- credit risk scores and trade data;
- organisations with corporate hierarchies;
- external news aggregation;
- AML restrictions and sanction lists.
The multi-dimensional network view of data combines classic rule-based indicators with social network analysis to accurately prioritise the complex risks that may affect your organisation, both at onboarding and then during on-going monitoring of a counterparty’s lifecycle.
To learn more download the factsheet on Enterprise Counterparty Onboarding from our Knowledge Centre