HCLTech Advantage Pega CoorpID digital vault

Overview

The Know Your Customer (KYC) client outreach process is a critical facet within financial institutions (FIs), presenting challenges for both KYC analysts and corporate customers. HCLTech, in collaboration with CoorpID, has undertaken a transformative initiative to address these challenges and streamline the KYC process with HCLTech Advantage Pega CoorpID digital vault, offering unparalleled digitalization and operational efficiency.

Conquering the complexity conundrum

HCLTech and CoorpID have seamlessly integrated CoorpID's solution with Pega through a proof of concept. Leveraging custom APIs developed for this purpose, we tested the authentication process, onboarding of a new entity in Pega, data collection and document uploading from the entity's CoorpID vault. The process concluded with the status update of the documents in CoorpID.

Repetitive outreach

FIs often find themselves repeatedly reaching out to multi-entity corporations for KYC information on each entity.

Redundant submissions

Multi-entity corporations are burdened with providing KYC information for each entity multiple times a year.

Inefficiency

KYC processes are hampered by ever-changing rules and regulations.

Key features that set our solution apart

API integration

CoorpID APIs can seamlessly integrate with any Pega workflow via services cells.

Real-time access

Gain instant access to KYC documents from the CoorpID vault.

Document visibility

View the comprehensive list of documents stored in a CoorpID vault.

Secure access

Only authorized users can access and manage KYC documents.

Empowering progress with our transformative benefits

Operational efficiency

Significantly reduce operational throughput time.

Enhanced customer experience

Simplify KYC document sharing with just one click, elevating customer satisfaction.

Time savings

Increased efficiency translates to time saved for both FIs and corporate customers.

Data security

Ensure compliance with data protection regulations, providing peace of mind.

GDPR compliance

Benefit from encrypted and securely stored data.

HCLTech Advantage Pega CoorpID digital vault represents a groundbreaking solution for KYC challenges. Experience the future of KYC compliance — streamlined, efficient and secure. For more details, reach out to us at digitaltransformation@hcl.com.