The KYC Process
Work Smarter
Welcome to Intelligent Workspaces that learn from your team's experience, anticipate next steps, take initiatives and solve tasks in sync with your workflows.
Sarah arrives at her desk and opens her laptop. She needs to set up KYC for a new client project – something that used to take her days.
She clicks 'New Project' and answers a few simple questions about the transaction. The Intelligent Workspace immediately springs to life, searching through existing records about the parties involved.
'I've found some information about your client,' the system notifies her. Sarah reviews the pre-filled form, adds a few missing details, and clicks confirm. 'Some information is still needed from the client's CFO,' the system tells her. 'Would you like me to send them a form?' Sarah approves, and the system handles it automatically.
Later that morning, Sarah receives a notification: 'KYC checks complete. Two parties require enhanced due diligence.' With one click, Sarah approves the recommended external DD service, and the system takes care of the rest. 'This used to take me two full days,' Sarah thinks as she moves on to her next task – all before her morning coffee gets cold.
She clicks 'New Project' and answers a few simple questions about the transaction. The Intelligent Workspace immediately springs to life, searching through existing records about the parties involved.
'I've found some information about your client,' the system notifies her. Sarah reviews the pre-filled form, adds a few missing details, and clicks confirm. 'Some information is still needed from the client's CFO,' the system tells her. 'Would you like me to send them a form?' Sarah approves, and the system handles it automatically.
Later that morning, Sarah receives a notification: 'KYC checks complete. Two parties require enhanced due diligence.' With one click, Sarah approves the recommended external DD service, and the system takes care of the rest. 'This used to take me two full days,' Sarah thinks as she moves on to her next task – all before her morning coffee gets cold.
Investor Questions
Michael from fundraising is facing a deadline. An institutional investor has sent over their standard due diligence questionnaire – an Excel spreadsheet with 200+ questions. Instead of the usual panic, Michael simply uploads the file to his Intelligent Workspace. Within minutes, the system has categorized every question and pulled up suggested answers based on previous fundraising rounds.
"These suggested responses look good," Michael notes as he reviews them. For each answer, he can see the historical context – where it came from and when it was last used.
He makes a few tweaks to personalize the responses, approves the rest, and the system compiles everything into a professional format. What would have taken his team a week is completed in a single afternoon.
"These suggested responses look good," Michael notes as he reviews them. For each answer, he can see the historical context – where it came from and when it was last used.
He makes a few tweaks to personalize the responses, approves the rest, and the system compiles everything into a professional format. What would have taken his team a week is completed in a single afternoon.
International Coordination
Emma is leading a complex transaction that requires expertise in four different countries. In the past, coordinating with international firms meant endless emails and confusion.
She opens her project workspace, which already knows she needs help from teams in Germany, France, Japan, and Brazil. The system has created customized requests for each jurisdiction, tailored to the firms her company has successfully worked with before.
After a quick review, she approves the requests. When a partner firm in Japan responds with clarifying questions, the system suggests answers based on project details that Emma's firm has about the project, the client, and relevant information from similar previous projects.
By the end of the day, all fee quotes are received and automatically incorporated into the project budget, visible to all team members. The relevant partners are seamlessly added to the workspace.
She opens her project workspace, which already knows she needs help from teams in Germany, France, Japan, and Brazil. The system has created customized requests for each jurisdiction, tailored to the firms her company has successfully worked with before.
After a quick review, she approves the requests. When a partner firm in Japan responds with clarifying questions, the system suggests answers based on project details that Emma's firm has about the project, the client, and relevant information from similar previous projects.
By the end of the day, all fee quotes are received and automatically incorporated into the project budget, visible to all team members. The relevant partners are seamlessly added to the workspace.
Status Update
Before leaving, the CEO calls asking for an update on the international transaction. Rather than scrambling to compile information, Emma simply asks her workspace: "Give me a status update on Project Horizon."
The system instantly searches through all project documents, tasks, and timelines, generating a comprehensive but concise overview of the current status, upcoming milestones, and potential issues.
"This is exactly what I needed," Emma thinks. When prompted whether to add this report to the project dashboard, she clicks "Yes." Now everyone on the team will see the latest status without having to ask.
As Emma heads home, she reflects on how the Intelligent Workspace has transformed her work. Tasks that once consumed days now take minutes, letting her focus on what really matters – strategy and client relationships.
The system instantly searches through all project documents, tasks, and timelines, generating a comprehensive but concise overview of the current status, upcoming milestones, and potential issues.
"This is exactly what I needed," Emma thinks. When prompted whether to add this report to the project dashboard, she clicks "Yes." Now everyone on the team will see the latest status without having to ask.
As Emma heads home, she reflects on how the Intelligent Workspace has transformed her work. Tasks that once consumed days now take minutes, letting her focus on what really matters – strategy and client relationships.