SCOPE FinTech Solutions congratulates Wijs & Van Oostveen on the launch of the CDD On Demand platform. With CDD On Demand, Wijs & Van Oostveen is improving the screening, verification, and monitoring of both existing and new clients in accordance with the Wwft and the Sanctions Act.
Why CDD On Demand?
The reason for choosing CDD On Demand lies in the combination of the quality and reproducibility (integration with the CRM system) of the checks performed, the user-friendliness, and the improved efficiency (fully automated) of the process. In addition to the fact that the checks are performed to a high standard, the ability to reproduce the checks performed for each client is of great importance; after all, if an audit is conducted by the regulator, client files are reviewed, and the checks performed must be included in those files. CDD On Demand addresses this by archiving a sealed and certified PDF document of each check performed in the client file.
Scalable and efficient solutions
As the number of clients increases and the margin per client decreases, it is important to set up the CDD process efficiently. Thanks to its integration capabilities and batch verification functionality, CDD On Demand offers significant efficiency gains when verifying large numbers of clients. Instead of manually verifying clients one by one, entire client lists can be run through the batch verification process all at once, with the reports automatically archived in the client file. In addition, as part of this process, clients are immediately added to the monitoring list for continuous oversight. By using CDD On Demand, Wijs & Van Oostveen can reduce staffing requirements and shorten the turnaround time of the intake/review process, thereby improving service to clients.
SCOPE wishes Wijs & Van Oostveen the best of luck with the implementation of CDD On Demand. If you are also looking for an effective and efficient way to manage your CDD process, please contact us!
