In a constantly changing financial landscape, institutions face increasingly complex challenges in terms of regulatory compliance and combating financial crime.

The traditional Know Your Customer (KYC) process through periodic reviews is showing its limits in an environment where transactions are increasingly being carried out remotely and where criminals' methods are evolving rapidly.

To meet these new challenges, some innovative institutions are adopting the concept of Perpetual KYC (pKYC), a continuous and proactive approach to monitoring customer behavior.

pKYC leverages technological advancements such as data analytics and artificial intelligence to monitor customer activities in real-time, enabling faster detection of suspicious behavior and better responsiveness to emerging risks.

One of the key benefits of pKYC is its ability to improve operational efficiency by streamlining compliance processes and optimizing resource allocation. By better understanding customer risk profiles through continuous monitoring, institutions can focus their efforts where they are needed most, reducing costs while strengthening their ability to prevent financial fraud.

In summary, pKYC represents a fundamental evolution in the way financial institutions manage risk and compliance. By combining advanced technologies with a proactive approach to continuous monitoring, pKYC enables institutions to better protect themselves against growing risks and maintain continuous monitoring in an ever-changing environment.