Upcoming Webinar : Leveraging Web Data For Advanced Analytics

On 6th Dec, 11.00 AM to 12.00 PM ( EST) 4.00 PM to 5.00 PM ( GMT )

TechMobius

Regulatory Compliance Revolutionized: Streamlining KYC with XDAS's Federated Search Solution

B2B Intelligence – BFS Sector Case Study 

Problem Statement

The legal team of a financial services company requires on-demand regulatory information from over 400 sources to conduct KYC (Know Your Customer) checks. The challenge lies in efficiently retrieving relevant data based on user-entered keywords and presenting the results quickly and accurately.

Our solution

To address the challenge, XDAS provides a robust solution that simplifies regulatory compliance and enhances the KYC process. By utilizing XDAS’s federated search capabilities and advanced studios, the platform enables seamless integration with APIs that manage concurrent search operations across various regulatory sources.

Implementation Using XDAS:

XDAS’s architecture incorporates powerful bot orchestration through its dedicated Bot Studio, which ensures the effective and secure crawling of over 400 regulatory sources. The platform leverages API-based response generation to deliver accurate and up-to-date search results in real-time.

  • Search Platform Integration: XDAS provides an intuitive user interface, allowing easy access to the federated search platform.
  • Automated Search Engine: XDAS utilizes its powerful engine to retrieve relevant KYC data across various regulatory databases based on user-specified keywords.
  • Concurrency Management: Using XDAS’s cloud-based systems and real-time orchestration through Cloud, it processes concurrent search jobs efficiently.
  • Rapid Response Time: A strict API response time of under one  minute is maintained, ensuring fast and efficient service delivery.

Contact us for a solutions demo:

    Benefits

    1. Efficiency and Accuracy: XDAS ensures an accuracy rate above 99%, enhancing the KYC compliance process through Mojo.
    2. Improved User Experience: Users receive accurate search results swiftly, with a rapid one-minute response time.
    3. Comprehensive Data Coverage: With access to over 400 sources, XDAS provides comprehensive data crucial for KYC compliance.
    4. Regulatory Compliance: The system facilitates timely regulatory updates, helping to mitigate risks in the KYC process.

    Contact us for a solutions demo: