KNOW YOUR SOLUTIONSAUTOMATING REGULATORY COMPLIANCE
Know Your Solutions (KYS) is an integrated collection of regulatory compliance solutions (Regtech) offered as a Software as a Service (SaaS). Our mission is to automate complex compliance processes thus saving you time and money whilst protecting you against regulatory, reputation and financial risk.
Customer Onboarding Solutions
Know Your Customer
Offering an automated end-to-end, global customer onboarding and identity verifcation solution to Know Your Customer (KYC), Know Your Business (KYB) and identify the Ultimate Beneficial Owners (UBO). Fulfill your Anti-Money Laundering/ Counter Terrorism Financing obligations (AML/CTF) in real time.
It’s reasonably easy to onboard individuals, which the software does, however, where it shines is in onboarding the more complicated customer types such as companies, trusts, joint accounts, partnerships.
Know Your Design and Distribution Obligations (DDO)
Automate the process of meeting your Design and Distribution Obligations.
The design and distribution obligations require issuers and distributors of financial products to ensure that consumers obtain products that are likely to be consistent with consumers’ objectives, financial situation and needs.
To comply with the obligations, issuers must:
- prepare a publicly available target market determination (TMD)
- take reasonable steps so that products are distributed consistently with the TMD
- review the TMD to ensure it remains appropriate
- notify ASIC of any significant dealings in a product that are not consistent with the TMD
- keep records
To comply with the obligations, distributors must:
- not distribute a financial product unless a TMD for the product has been made
- take reasonable steps so that distribution is consistent with the TMD
- notify the issuer of any significant dealings in the financial product that are not consistent with the TMD
- keep records
Automating Regulatory Compliance
Know your Regulations
Know Your Regulations is a content and mapping engine that allows you to easily import regulatory and customer-generated content in a clickable format. Just point and click to easily map bi-directional links from your policies and procedures to the standards, regulations and best practices directly affecting your business. Make a change to a policy or procedure and instantly see the impact on all relevant standards, regulations and best practices across your entire organization. Or, change a regulation or standard and see all the policies and procedures that are affected.
KY-Regulations can link multiple regulations, standards and policies together to see how they impact your business.
KY-Regulations is offered with a constantly growing comprehensive and interactive global library of more than 400 regulations, standards and best practices and over 300 assessments.
If we don’t have a document that you need, it can be imported with relative ease.
Know Your Risk
KY-Risk estimates the likelihood of exposure from threats and vulnerabilities and identifies the policies and procedures needed to control risk exposures. This assists management in ensuring that appropriate protection mechanisms, and resources have been allocated and that risk is being closely monitored.
A comprehensive set of risk, threat, vulnerability and control libraries already exist and can be imported and customized for you. We can also custom import at will. The heavy lifting has been done for you.
Lets automate your compliance!
Bondi Junction, Sydney, Australia
+61 2 9369 2224