End-to-End KYC Lifecycle Management

FCC KYC introduces a structured, state-driven client onboarding and verification model, ensuring accuracy, transparency, and compliance from initiation through approval:

New / Initiated

Customer onboarding is triggered by the Relationship Manager through a guided form capturing key customer and entity details.

Work in Progress (Maker Review)

The Maker validates customer data, reviews documents, completes risk evaluation, performs screening checks, and resolves discrepancies before escalating to the Checker stage.

Review (Checker Verification)

The Checker performs secondary validation, ensuring correctness of customer details, risk scoring, screening data, and documentation. Cases can be approved or routed back for clarification.

Approval Pending / Final Approval

The Relationship Manager performs the final compliance review and approves or rejects the onboarding request.

This structured workflow ensures regulatory compliance, operational clarity, and complete auditability.

User Roles & Permissions

FCC KYC includes role-based access and workspace-driven task segregation to maintain accountability and governance:

Relationship Manager

Initiates customer onboarding
Performs final approval
Handles customer outreach and clarifications
(Role: x_vuram_financia_0.fcc_kyc_relationship_manager)

Maker

Validates customer details
Completes risk evaluation and screening tasks
Moves cases forward or sends back for clarifications
(Role: x_vuram_financia_0.fcc_kyc_maker)

Checker

Performs comprehensive review of all customer details
Verifies documents, screening results, and risk assessments
Sends cases for approval or back to Maker
(Role: x_vuram_financia_0.fcc_kyc_checker)

canvas_user

Required for all roles to access the FCC KYC Workspace.

These roles enforce proper KYC governance aligned with industry practices (Maker–Checker–Approver model).

Digital Onboarding & Workspace Experience

The FCC KYC Workspace provides a unified interface where users can:

Create and manage onboarding cases
View tasks such as customer validation, risk evaluation, and screening
Track case states and pending actions
Access documents and audit information

Additionally, portal-based access allows external customers to securely provide information and documents using credentials sent via email.

Screening, Risk Scoring & Validation Activities

FCC KYC v1.0 includes essential KYC compliance components:

Risk Evaluation

Makers and Checkers evaluate customer risk by completing predefined assessment fields tied to the risk scoring engine.

Screening Task

Users review screening results including adverse news, sanctions, PEP status, and can override values if needed (with audit tracking).

Document & Data Validation

Users must review all customer-submitted information, uploaded documents, and auto-populated fields before progressing the case.

These modules strengthen compliance posture and reduce operational bottlenecks.

Automation & Data Intelligence

FCC KYC leverages intelligent automation to improve data accuracy and reduce manual work:

Auto-population of Assigned To / State using data lookup rules
Default workflow routing for Relationship Manager → Maker → Checker → Approver
Document-driven validation steps per task
Guided workspace actions such as “Initiate Onboarding,” “Send to Checker,” “Return to RM,” and “Approve”. These capabilities accelerate case completion while ensuring compliance consistency.

Configuration & Extensibility

The application includes configurable group types, roles, data lookup settings, and workflow elements, making it easy for customers to adapt the solution to their internal governance standards without customization.

Data & Reporting

Financial Crime Compliance provides comprehensive reporting and analytics through visual dashboards that offer deep insight into KYC operations. The application displays case distribution by case type and customer type, along with time-based trends showing case volumes across onboarding, periodic KYC, perpetual KYC, and offboarding workflows. These analytics help institutions monitor workload patterns, identify customer risk segments, track operational performance, and make data-driven decisions to improve efficiency and compliance effectiveness.