Pia KYC (Know Your Customer) is being launched in the first quarter of 2022. Plia KYC is aimed at simplifying and expediting the KYC/AML process for asset managers and their brokerage partners. Plia KYC was designed with data security and control at the forefront, which allow asset managers complete control of their data. Initial requirements included:
Document Sharing, Re-use, and Permissions
Implement end-to-end encryption of files to provide secure document sharing
Allow buyside clients to upload their documents into a repository
Allow buyside clients to give and revoke permission to those documents for an individual or group of sell-side counterparties
Alert counterparties when any documents they have access to have been updated
Reach Out
Text about reaching out.
Alerting and Workflow Management
Allow sell-side clients to appoint a single point-of-contact to manage a buy-side client relationship and help to coordinate activity across divisions and jurisdictions
Allow sell-side clients to define workflows with questions and tasks to be completed. Each question or task can be assigned an internal responsible party to review responses and can be assigned a responsible party when received by a buyside client
Pre-defined workflows can be assigned to buyside clients with deadlines for individual tasks or for the entire workflow
Buyside clients can re-use responses to the same question or task, helping to streamline the entire process
Provide alerts to buyside and sell-side clients as workflow tasks are completed or when flagged for more information
Provide API-level access to sell-side clients for integration of documents into their existing software or workflow
Learn more about Plia KYC