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Enhancement Configuration for KYC Reliance

We are pleased to announce the release of our new KYC Reliance enhancement. This provides a powerful framework for you to configure how KYC Reliance is applied during your Underlying Principal onboarding journeys.

You can now build sophisticated rules using data from the Investment Manager, the Underlying Principal, and associated Products to determine precisely when reliance is appropriate. This allows you to fully automate the application of your organisation's specific KYC Reliance policy, dynamically triggering KYC due diligence activities based on the outcome of your rules.

This achieved with 3 new data sources that are available in Product domain:

  • Current Product Metadata (is this an agency Product where KYC Reliance should be assessed)
  • Related Investment Managr (does the IM assocated with the Product meet the conditions for KYC Reliance)
  • Related UP Owner (if applicable, does the product owner (UP) meet the conditions for KYC Reliance)

User Guide Reference: Agency User Guide (Agency Request)