Capgemini launched a new perpetual Know-Your-Customer (pKYC) sandbox designed to help financial institutions migrate from legacy KYC processes toward continuous compliance. The technology testing environment allows firms to visualize the transition to pKYC and demonstrate potential approaches to management and regulators.
The sandbox features a modular technical architecture that enables organizations to test and refine software in a controlled environment while mitigating risks. This development follows Capgemini’s recent acquisition of Delta Capita BV, expanding its financial crime compliance solutions portfolio.
“Static KYC processes present opportunities for financial criminals to exploit gaps and weaknesses for money laundering and other fraudulent activities, creating a continuous risk factor for financial institutions,” Manish Chopra, global head of risk and financial crime compliance at Capgemini, said in a news release. “The pKYC sandbox capability marks a significant advance for industry compliance, meeting regulators’ growing expectations of responsible innovation.”
