On the 30 th March, Kristoff Zammit Ciantar; Aqubix CEO, Ivan Bonello; Aqubix CTO, Nickii Mallia; Aqubix Business Development Manager, Ian Mizzi; Mizzi Organisation
Executive Director and Nicky Camilleri; Mizzi Organisation Group CFO attended the Tenth Annual WealthBriefing European Awards 2022 gala dinner event in London.
During the event, KYC Portal joined the ranks of an elite global group and were handed the honour of winning the award for the ‘Best Client Lifecycle Management Solution’, alongside winners from Barclays Private Bank, Citibank UK Limited, HSBC Private Banking and BNP Paribas Wealth Management, to mention a few.
Showcasing ‘best of breed’ in the European region, the awards have been designed to recognise outstanding organisations grouped by specialism and geography which the prestigious panel of independent judges deemed to have ‘demonstrated innovation and excellence during the last year’.
Each of these categories is highly contested and is subject to a rigorous process before the ultimate winner is selected by the judges. It is this process that makes WealthBriefing
awards so prized amongst winners.
Participants around the world recognise that winning awards is particularly important in these challenging times as it gives clients reassurance in the solidity and sustainability of the winner’s business and operating model.
ClearView Financial Media’s CEO, and Publisher of WealthBriefing, Stephen Harris, was first to extend his congratulations to all the winners. He said: “The organisations and individuals who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations to the winners and to those who have put so much work into each winning submission.
These awards were independently and expertly judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which were answered by focusing on the client experience rather than purely quantitative performance metrics. That is a unique, and I believe, compelling feature. These awards recognise the very best operators in European wealth management, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in European wealth management.”
On receiving the award, it was announced that Judges noted that the winner’s claim to be the most advanced and fully dynamic, real-time, risk-driven, complete end-to-end Client
Lifecycle Management solution on the market, developed specifically in order to help organisations stay compliant, was well supported by evidence provided by its well-developed submission. A very worthy winner!
KYCP is the most advanced and fully dynamic, real-time, risk-driven, complete end-to-end Client Lifecycle Management solution on the market, developed specifically in order to help organisations stay compliant with all the regulatory changes, on top of competition, all
whilst being in full control and risk exposure reduced to a minimum.
The onboarding module within KYC Portal is called the Customer Outreach Tool, an embedded module that is part and parcel of the product which allows external subjects to
be able to on-board themselves. The importance of this module being integrated within KYC Portal is critical as the data that the system presents to the end-user is dynamically maintained by the organisation itself. Based on the data that the customer is filling in in the first step (forms) the system is in real-time calculating the risk being perceived. Which risk is dynamically changing the requirements in the next steps, which enables the subject to
upload their own documents and answer any questionnaires, based on the defined enhanced due diligence process set in KYCP.
KYC Portal allows the compliance team to streamline and define within the system all that has to do with the ongoing side of KYC and due diligence alerting your teams when
something needs to be addressed rather than having a team of employees who are constantly on the lookout for such happenings. Based on KYCP’s fully dynamic configuration
engine, which is in the hands of your compliance teams to update and tweak accordingly, it allows you to define your review process at subject level based on risk, define the document requirements also based on the enhanced due diligence process, integrate with third-party
screening services for constant daily alerts on changed risk levels of subjects and calculates risk in real-time on all data being fed.
With a system like KYC Portal, the work that is usually all done on the date of the review of the respective application is spread throughout the lifetime of the subject based on what needs to happen when.
“We are proud to have created the first fully embedded CLM solution for the due diligence function of any company in any jurisdiction. KYC Portal offers an entire lifecycle from the very first steps of on-boarding a counterparty whilst also automating the full ongoing aspect of due diligence. This seamless combination delivers a lot of benefit to our customers since it allows them to be in full control of both sides of the journey leading to a lifecycle that is
tailored on the process requirements but also a system that adapts the journey based on the real time data that is being input at that stage of the lifecycle.” Kristoff Zammit Ciantar, KYC Portal Founder CEO.
