Know Your Customer Cloud Portal
The SCOPE KYC Cloud solution is an innovative way of client onboarding for wealth managers. A fully digitized onboarding street to determine the risk profile and best serve your client with an individualized investment strategy.
The SCOPE KYC Cloud Portal
Effortlessly comply with MiFID and MiFID II, determine an appropriate risk appetite and have all your confidential data securely stored. That's the SCOPE KYC Cloud solution.
Know Your Customer is about ensuring the quality of client advice under MiFID and MiFID II. To achieve this, it is necessary to create as complete a picture of the client situation as possible and to identify a client's objectives.
The Know Your Customer portal runs through the entire client inventory process in a structured manner. The inventory and questions are based on applicable regulations. The following things are inventoried and stored:
- Relevant personal data
- The personal situation
- Knowledge and experience per person
- The financial position of the household and individuals within the household
- The objectives of the assets to be invested
- Risk appetite determination through scenario analysis and establishing psychological risk tolerance
- Signing the contract
Unique risk appetite assessment
What risk is your client willing to take and what risk may a client take with his/her assets. To concretize the risk appetite, or how much risk the client is willing to take, the SCOPE KYC Cloud portal uses scenario analyses (Monte Carlo simulations). It can also be integrated with psychometric risk tolerance tests from, for example, FinaMetrica.
Compliant with MiFID II and the AVG
The SCOPE KYC Cloud Portal meets MiFID, MiFID II en AVG requirements. The Know Your Customer solution was developed in collaboration with legal experts who have provided ongoing advice on processing laws and regulations.
Dual access
Both the asset manager and the client can make adjustments to the file. You will always be notified about this. The advantage is that a client can do the inventory himself or make changes without a physical appointment.
User-friendly client inventory
You and your clients can use the inventory of the SCOPE KYC Cloud portal in an extremely user-friendly way. This is a continuous wizard in which the components are finished one by one.
