Easy ID – a CIP system

Easy ID is a customer information program (CIP) system. It consolidates CIP data for both consumer and commercial accounts. And, it streamlines the work required for beneficial ownership compliance.

Features

  • Easy ID (EID) makes it easy to identify beneficial owners for a qualifying company.
  • Quickly identifies beneficial owners tied to multiple companies.
  • Monitors entities tagged for a beneficial-ownership update, and, reports on the update status.
  • Provides OFAC checks on new customers, signors, and beneficial owners.
  • Performs OFAC scrubs against the entire EID CIP database.
  • Lets you attach comments, documents, spreadsheets and .pdf files to the CIP records.
  • Alerts you if critical data is missing from newly opened accounts..
  • Provides a new-account questionnaire that will help you identify customers anticipating above-average activity.

Benefits

  • Data entered into EID is retained indefinitely.
  • CIP data can be tied to multiple accounts.
  • CIP forms, including certification of beneficial owners, can be reprinted at any time.
  • The OFAC checker operates in-house; it will not be impeded by a slow Internet connection.
  • Data from the new-account questionnaire is passed to the EDD function in CTM. This helps identify customers who open accounts with deception.
  • Helps your bank “go green” by removing the need to print and store documents.

Pricing

For pricing information click here. All pricing is yearly. All contracts are annual. Try our no-risk, 30-day free trial.