Digital KYC

GMG announces client software upgrade to offer fully digitized Client Lifecycle Management solution

18 October 2021
Press Release · Reading time: 2 minutes


Maher-digital

The Geneva Management Group (GMG), a conglomerate of award-winning Swiss financial intermediaries, has announced that it now offers clients a fully digitized, cloud-based Client Lifecycle Management solution following the implementation of a leading regtech software.

The new software will enable GMG to onboard clients remotely and review Know Your Client (KYC) profiles periodically with the following functionalities:

  • Online identification
  • Electronic signature
  • Guided client onboarding
  • Integrated screening and background checks
  • Investment profiling
  • AML risk calculation
  • Task management

The software solution is provided by id4, a leading Swiss-based Software-as-a-Service (SaaS) Regtech company specializing in the provision of digital Customer Lifecycle Management (CLM) solutions for the financial services industry.

Speaking about the software upgrade, Maher Menif, Head of Risk, Compliance and Audit at Geneva Management Group, commented: “The deployment of a flexible, and off-the-shelf solution, will enable our clients to streamline their onboarding processes whilst simultaneously meeting ever-increasing regulatory obligations. This marks an important step forward, both in terms of facilitating smoother interactions with our clients and the sophistication of our offering as a financial services provider, including powerful Anti Money-Laundering directives and KYC validation.”

Emmanuel Nay Managing Director of id4 commented: “We are delighted to be working with the Geneva Management Group to provide a first-class onboarding solution for their Wealth Management Divisions. Our cloud-based software is perfect for today’s world where client onboarding can literally take place anywhere in the world and our system can provide the perfect tools for investment profiling, risk management and KYC reviews. We look forward to working closely with GMG’s team to provide our world-leading solution across the Group.”

For information about id4 Client Lifecycle Management solutions, visit www.id4clm.com.

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