From Yahoo Finance: 2025-05-02 11:27:00

Capgemini introduces a KYC sandbox to assist financial institutions in transitioning to data-driven KYC models. The platform allows firms to test perpetual and event-triggered KYC assessments in a secure environment. It aims to enhance compliance with AML standards, improve oversight, and streamline regulatory practices.

The sandbox offers real-time alerts for changes in customer information impacting risk profiles. It enables firms to reassess exposure promptly and maintain compliance with evolving regulations. Capgemini’s tool promotes faster response times, improved oversight, and consolidation of data from internal and external sources for more effective KYC strategies.

Designed for flexibility, the platform can be deployed across various cloud services and technical environments. Its modular structure facilitates integration with existing systems and customisation based on infrastructure and regulatory priorities. Key features include a protected space for experimentation and evaluation of KYC strategies using tools from leading regulatory technology providers.

Capgemini’s KYC sandbox helps firms identify operational inefficiencies, refine workflows, and demonstrate business impact quickly. Early testing aids in building the case for investment in ongoing KYC solutions. This development complements the company’s existing services in compliance, fraud prevention, and risk control, following the acquisition of Delta Capita.

Capgemini’s Risk and Financial Crime Compliance Global head emphasizes the need for perpetual KYC to protect financial institutions from risks and fraudulent activities. The pKYC sandbox capability represents a significant advance in industry compliance, meeting regulators’ expectations for responsible innovation. It helps institutions mitigate inherent risk exposure more effectively.

Read more: Capgemini launches KYC sandbox for financial institutions