Enhanced Due Diligence Dashboard ED3
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No, it's not free....but it's not the type of product one normally purchases over the internet by adding it to a store shopping cart. Sorry. Still, if you do add it to your shopping cart, we'll contact you with full details regrading license fees and implementation costs. Our last customer, a $100 Billion dollar bank, finished implementing ED3 just last year to meet the terms of a regulatory consent order. We're proud that that order was recently lifted by its regulator. In short, ED3 provides all the necessary tools needed to delegate EDD compliance responsibilities across the enterprise, while at the same time, tracking and ensuring performance. Full management reporting is available on-screen at just a glance. Keeping track of who needs to be performing specific EDD tasks; what needs to get done and by when; where data is stored; and why accounts are approved for business are all accomplished in one place. KEY BENEFITS... Provides the essential control element needed to determine whether your KYC/EDD policies and procedures are being followed Informs management of the status of every time dependent task, such as filing of reports and completion of delegated responsibilities by assigned staff Contains a ready reference via the Help File of the most complete and up to date guidance on a wide variety of AML/KYC/EDD concerns and best practices guidelines Custom built around your firm's specific KYC/EDD compliance process flows Vastly increases the ability to leverage existing MIS (Management Information Systems), as suggested by regulatory agencies Demonstrates to regulators, auditors and your Board of Directors that the management of your firm's KYC/EDD compliance program presents minimal operational risk Other features include: At-a-Glance Management Reporting and Control - AML program tasks are all time dependent. Audits, training, and report generation are all required on a scheduled basis. ED3 provides at-a-glance status of all KYC/EDD ongoing and upcoming activities through numerous reports and onscreen graphics. ED3 is customizable to your specific policies and procedures. Contact with front office departments takes place via an automated process that initiates periodic reviews. Use of ASP.NET technology enables a scalable, secure and stable platform to communicate with your Front Office and update customer information required for EDD review. A full reporting and tracking capability ensures that identified deficiencies remain fully visible until closed. A unique Help File, customized to your own compliance office's process flows, allows an EDD analyst to be sure that the bank's policies and procedures have been fully addressed for each and every customer EDD review. Hundreds of pages of indexed, searchable AML topics are easily accessible for reference during customer reviews.