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#JAFTE2018 KYC 2.0
#JAFTE2018
KYC 2.0
#JAFTE2018 ConnexMe : AFTE2018
IntroductionUn petit mot sur notre méthodologie « il naso di Tommasso » et le choix de la commission AFTE et ses « engagements ».
Participants aux différents actions menées : • Estelle Roiena , R3 Corda• Damien de Chillaz Capgemini• Frédéric Maï et Hugo Simon-Chautemps Conformitee• Martial Chambounaud, Societé Générale• 14 Corporates Françaises, 9 banques, 5 assureurs
L’origine et le but: • Une enquête AFTE qui reflète vos envies.• Démontrer que le processus de KYC peut se rendre « contrôlable » et « digital »
MUTUALIZATION OF A PART OF KYC PROCESS
CLIPEUM Project
1 4 . 1 1 . 2 0 1 8
• CPLE
• C2 -confidential
#JAFTE2018 ConnexMe : AFTE2018
KYC IS AN OLD PAIN POINT, FOR EVERYONE
77%Of French corporate are mentionning the KYC as their main pain pointSource : AFTE 2018
TIME to onboard clients
COSTSDUPLICATION FRUSTRATION for clients
RISKS
Delivery of … varying data…
multiple banking connections at different points in time
to multiple persons within the bank
And also : Manuel and paper based
All banks perform same checks repetitively
No control on using, storage of confidential data
Spent on KYC operations per global bank
(USD 670m with remediation) Celent paper « Artificial Intelligence in
KYC-AML »
USD 370 m
#JAFTE2018 ConnexMe : AFTE2018
An obvious interest from banks, … but a weak commitment
Choice of technology : not the first priority (vs enrolment)
Entityexchange
Clarient Hub
KYCRegistry
ORG ID
KYC.com + Genpact
ORBIS
Focus
Focus
Focus
Focus
#JAFTE2018 ConnexMe : AFTE2018
A LARGE COMMUNITY in construction
1Enable the collaboration, byfocusing on a non-competitivepart of the KYC process
2 Commit Banks in the solutionthrough shareholding
3 Make the client an actor of its own KYC
4Build an international solution,that could be based on localinterconnected networks
3 Imagine a decentralized system to respect sovereignty
• > 30 members• Banks & Insurers• Global and local actors• French, UE, UK, US, Africa
& Asian actors
#JAFTE2018 ConnexMe : AFTE2018
CorDapp Trial
#JAFTE2018 ConnexMe : AFTE2018
What problems are we are trying to solve?
Financial Institutions all performing the same checks
Corporate customers send multiple documents to multiple FIs all performing the same checks
Resulting in expensive, labor-intensive and unreliable updating
Onboarding times can take as long as 2-4 months. Corporates take the most time.
KYC is an expensive and time consuming process!
Resulting in duplicative and expensive efforts
#JAFTE2018 ConnexMe : AFTE2018
KYC • Current State
Customers Send multiple documents & data
To multiple Financial Institutions
To perform the same checks
Customer frustration Significant costs, and delays
Current State• Highly fragmented and
increased risk
• Data take days to transfer and validate
• Regulatory reporting is tedious and suffers from human error
• KYC data delivered by customers multiple times and stored locally by each bank
Dupl
icat
ion
Dupl
icat
ion
#JAFTE2018 ConnexMe : AFTE2018
Why DLT? • Future State
Future State• Data controlled by the
customer
• Reduced data transfers and security risk
• Improved Customer experience
• Cost and time reduction
• Improved auditing and regulatory reporting
Customers
Customers own and control their data
Customers permit and revoke access to KYC Data
Single version of Data
Banks access Customer KYC data
3rd party attestation done once
#JAFTE2018 ConnexMe : AFTE2018
French Corporate CordaKYC Trial
Deployment Global Trial
Summary Webinar
Kick-off
VM Setup
Welcome Webinar
Corda Network Webinar
Compliance & Reg Webinar
Use Case Webinar
RedeploymentOffice Hours
Corda Introduction
Key Concepts Training
Corda for Business
KYC in Corda
Leia II Prototype
Model Selection
Prototype Mechanics
Corda Network
Business Networks
Tech Contact
Feedback
We are here
#JAFTE2018 ConnexMe : AFTE2018
5Banks
14Customers
French Trial: Actors
5Asset Managers &
Insurers
1Attester
The information contained in this document is proprietary and confidential. Copyright ©2018 Capgemini. All rights reserved.
Damien DE CHILLAZ
AFTE11.14.2018
#JAFTE2018 ConnexMe : AFTE2018
KYC Trust: The world’s first digital trust vault for CorporatesFocus on KYC data collection at scale
Corporate Structure Foundation
Unbiased & Inclusive Governance
Key Benefits
Powers & Control
Organize & digitize your Corporate information
The Trusted Network
CorporateFinancial Institution
#JAFTE2018 ConnexMe : AFTE2018
Join our Early-Adopter Program!
MVPProduction ready
H1 2019
Minimum Viable ProductBanks
Corporates
H2 2019
Iterative Releases & ExtensionsNew countries
New invited banksNew invited Corporate & subs
Co-Validation WorkshopsBanks
Corporates
Global
EngagementsBanks
Corporates
Term sheets Scale outEnd Users requirements Roll out
Q4 2018
Influence solution design based on your requirements
Contribute to the design of a balanced governance model
Express your leadership on innovation within your industry
A global leader in consulting, technology services and digital transformation, Capgemini is at theforefront of innovation to address the entire breadth of clients’ opportunities in the evolving world ofcloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise,Capgemini enables organizations to realize their business ambitions through an array of services fromstrategy to operations. Capgemini is driven by the conviction that the business value of technologycomes from and through people. It is a multicultural company of 200,000 team members in over40 countries. The Group reported 2017 global revenues of EUR 12.8 billion.
About Capgemini
Learn more about us at
www.capgemini.com
This document contains information privileged and confidential and it is property of Capgemini.
The information regarding concepts, ideas, methodologies and others material used are strictly limited to be used by the recipient only in order to evaluate the viability of the project. The total or partial reproduction or copy of this document shall not be provided to other entities outside the recipient, without previous authorization from Capgemini.
Copyright © 2018 Capgemini. All rights reserved.
#JAFTE2018 ConnexMe : AFTE2018
#JAFTE2018 ConnexMe : AFTE2018
Top 3 des irritantsSondage AFTE 2017
80%83%
74%
Dématérialisation insuffisante
Pas d’harmonisation
Pas de traçabilité sur la complétude
du dossier
#JAFTE2018 ConnexMe : AFTE2018
Une communauté de pionniers, un tronc commun de standardisation… en avant Conformitee !
juin 2017
Sondage AFTE
février 2018
POC CRS/FatcaFaisabilité de la standardisation
mai 2018
WorkshopValidation du tiers de confiance
juillet 2018
WorkshopPérimètre de la standardisation
juillet-octobre 2018
Ateliers ExpertsContenu du tronc commun
#JAFTE2018 ConnexMe : AFTE2018
Standardiser
#JAFTE2018 ConnexMe : AFTE2018
Standardiser : Once for all!
#JAFTE2018 ConnexMe : AFTE2018
Standardisation pragmatique
Interopérabilité pour conserver du sur mesure pour les 20% plus complexes
Avancer vite sur le B2B en France pour traiter 80% des cas les plus simples
#JAFTE2018 ConnexMe : AFTE2018
Simplifier
#JAFTE2018 ConnexMe : AFTE2018
Le Kbis contient beaucoup d’informationsPourquoi les ressaisir ?
#JAFTE2018 ConnexMe : AFTE2018
Le Kbis contient beaucoup d’informationsExploitons les au mieux
#JAFTE2018 ConnexMe : AFTE2018
Le Kbis contient beaucoup d’informationsVous en restez propriétaire
#JAFTE2018 ConnexMe : AFTE2018
Vous gardez le contrôle
#JAFTE2018 ConnexMe : AFTE2018
Votre mallette administrative à jour
#JAFTE2018 ConnexMe : AFTE2018
Conformitee Live en 2019
Sondage AFTE
POC CRS/FatcaFaisabilité de la standardisation
WorkshopValidation du tiers de confiance
WorkshopPérimètre de la standardisation
Ateliers ExpertsContenu du tronccommun
Fin 2018
Initialisation du pilote
Q3 2019
Déploiement du pilote
#JAFTE2018 ConnexMe : AFTE2018
Frédéric Maï[email protected] 75 65 02 63
Hugo [email protected] 15 67 69 23
