Issue link: https://maltatoday.uberflip.com/i/1481025
6.10.2022 11 COMMERCIAL KYC Portal has won the Best KYC & Client On-Boarding Solution award, alongside winners from Bloomberg, Refinitiv and Capco, at the A-Team Group's inaugural Data Management Insight Awards – USA 2022 drinks re- ception in New York on 22 September. KYC Portal's Business Development Manager, Nickii Mallia, attended the event. ese awards recognise both estab- lished solution vendors and innova- tive newcomers providing leading data management solutions, services and consultancy to capital markets partici- pants across North America. e awards included 30 categories of data management solutions ranging from Best Corporate Actions Solution to Best Data Management Initiative for ESG, Best Standards Solution for Data Management, Best Data Quality Analy- sis Tool, Best Graph Database Solution, Best Data Science Solution, Best North America Consultancy in Data Manage- ment, and more. KYCP is the most advanced and ful- ly dynamic, real-time, risk-driven, complete end-to-end Client Lifecycle Management solution on the market, developed specifically in order to help organisations stay compliant with all the regulatory changes, on top of com- petition, all whilst being in full control and risk exposure reduced to a mini- mum. e onboarding module within KYC Portal is called the Customer Outreach Tool, an embedded module that is part and parcel of the product which allows external subjects to be able to on-board themselves. e importance of this module being integrated within KYC Portal is critical as the data that the sys- tem presents to the end-user is dynam- ically maintained by the organisation itself. Based on the data that the customer is filling in in the first step (forms) the sys- tem is in real-time calculating the risk being perceived. Which risk is dynam- ically changing the requirements in the next steps, which enables the subject to upload their own documents and an- swer any questionnaires, based on the defined enhanced due diligence process set in KYCP. KYC Portal allows the compliance team to streamline and define within the system all that has to do with the ongo- ing side of KYC and due diligence alert- ing your teams when something needs to be addressed rather than having a team of employees who are constant- ly on the lookout for such happenings. Based on KYCP's fully dynamic config- uration engine, which is in the hands of your compliance teams to update and tweak accordingly, it allows you to de- fine your review process at subject level based on risk, define the document re- quirements also based on the enhanced due diligence process, integrate with third-party screening services for con- stant daily alerts on changed risk levels of subjects and calculates risk in re- al-time on all data being fed. With a system like KYC Portal, the work that is usually all done on the date of the review of the respective applica- tion is spread throughout the lifetime of the subject based on what needs to happen when. "We are proud to have created the first fully embedded CLM solution for the due diligence function of any company in any jurisdiction. KYC Portal offers an entire lifecycle from the very first steps of on boarding a counterparty whilst also automating the full ongoing aspect of due diligence. is seamless combi- nation delivers a lot of benefit to our customers since it allows them to be in full control of both sides of the journey leading to a lifecycle that is tailored on the process requirements but also a sys- tem that adapts the journey based on the real time data that is being input at that stage of the lifecycle." Kristoff Zammit Ciantar, KYC Portal Founder & CEO, said. KYC Portal is the flagship product of Aqubix, an IT consultancy and experi- enced solution provider, headquartered in Malta. KYC Portal wins US data management solutions award Launch of 'Timeline Gozo' digital platform KYC Portal's Business Development Manager, Nickii Mallia THE digital platform 'Timeline Gozo' - part financed through the Rural De- velopment Programme 2014-2020 administered under the LEADER pro- gramme, and the NGO Co-Financing Fund - was launched this week. is project was a collaboration be- tween Harbour Solutions Ltd (the developers of the digital platform and the lead partners on this project), the Gozo Business Chamber, and the Mnarja Band Club. Chamber president Joseph Borg said that "the COVID-19 pandemic has been a game changer. It helped to usher important tools such as virtual meetings, and digital processes, which today have become part of our every- day life." Ing Ruben Curmi in his presentation provided an overview of the digital platform, which is going to advertise Gozo through the concept of timelines. A panel discussion on the impor- tance of digitalisation for business- es and NGOs in Gozo, featured the participation of the Vice President of the Chamber, Michael Galea, Yosef Magro, manager at the Gozo Action Group Foundation, Mario Borg, CEO of the Gozo Regional Development Authority, and James Buttigieg, Presi- dent of the Mnarja Band Club. e Chief Executive Officer of the Gozo Business Chamber Daniel Borg, delivered the concluding remarks. "It is of utmost importance that all the businesses and also non governmental organisations see the importance that digitalisation has, especially for organ- isations here in Gozo," he said.