CASE STUDY European Bank Accelerates KYC Processes with Automation from Kofax. Work Like Tomor?w. 88% FASTER DATA COLLECTION 1,000s OF HOURS SAVED PER WEEK Cuts COMPLIANCE RISKS This bank used Kofax RPATM to automate data-gathering processes linked to Customer Due Diligence (CDD) and Know- Your-Customer (KYC) checks. Today, the bank can complete data-collection work that once took roughly 13 minutes in under 90 seconds on average, saving thousands of hours a week. Faster, more complete customer investigations reduce costs and the risk of regulatory non-compliance.The spokesperson said: “Kofax was presenting and demonstrating the Kofax TotalAgility Suite to our Document Logistics team, and they happened to touch on the topic of CDD and KYC. Kofax instantly recognized tha

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