KYC (Know your Customer) - Data Capture KYC - Data validation like SSN, ID verification, address checks etc.

OFAC checks.
Credit checks from 3 credit agencies Reporting - ID verification report, OFAC reports Batch processing capabilities to perform KYC and OFAC checks using XML or flat files Administration console to perform data loads, adding new questions etc.

About Product Architecture:
We have used combination of attribute based architecture and Service Oriented Architecture in designing this product. As part of the KYC data capture, we have architecture the system in such a way that, Additional questions related to data Capture from Customers can be dynamically added from the Admin Console without any code changes.

These additional questions are targeted towards providing CRM features to our customers for effective marketing of new products or services.

The system is designed in such way that, it will trigger 40+ transactions simultaneously. These transactions are both internal (OFAC checks) as well as external for ID verification and credit reports etc.

Product intended users:

The product is best used in the following business domains. It can be used in at least 5 American express divisions.

• Banks (small, medium, large)
• Credit Card companies
• ATM operators
• Wire Transfer companies such as Western union
• Brokerage (Wealth Management)
• Business Lending Center (Small Business)
• Consumer/Retail Deposits
• Consumer Lending Services Group
• Credit Card Services
• International Operations
• International Sales
• Private Client Services
• Trust (Wealth Management)
• Virtual Fulfillment Group of Online Financial Services
• Mortgage
• Financial Planning companies