Related Terms
DEFINITION
Perpetual KYC
Perpetual KYC refers to the process of continuously monitoring and reviewing client information and transactional behavior to identify changes in their risk profile and ensure KYC information remains current and accurate throughout the client lifecycle.
Synonyms
Ongoing Due Diligence, Continuous KYC
Acronyms
pKYC
Share
Synonyms
Ongoing Due Diligence, Continuous KYC
Acronyms
pKYC
Examples
The bank’s perpetual KYC system automatically screens clients against new watchlists and generates cases for review if material changes are detected.
FAQ
How does perpetual KYC differ from traditional periodic reviews?
Perpetual KYC continuously monitors for changes to client risk profiles in real-time rather than only at set review dates.
What are the benefits of continuous KYC monitoring?
Continuous monitoring can promptly identify risk changes, reduce manual refresh work, and provide an always up-to-date client view.
How can technology enable perpetual KYC?
Automated data flows, transaction monitoring, and dynamic risk assessment tools are key to enabling continuous KYC.
Book your demo today and see why leading financial institutions
worldwide trust Atfinity to drive their digital transformation.
Book your demo today and see why leading financial institutions worldwide trust Atfinity to drive their digital transformation.