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KYC Solutions for Banks and Financial Institutions
Avallone streamlines KYC processes for banks, financial institutions, and their customers. Using Avallone’s secure 360° response and sharing portal reduces case days, boosts compliance, and delivers machine-readable data to ease KYC workload.
SMART TEAMS USE AVALLONE TO RUN KYC
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what we offer
Avallone lets banks and financial institutions handle KYC with ease
Fast
Financial organizations get quality responses from their customers in a fraction of the time - even for the most complex cases.
Efficient
All KYC data received is machine-readable, ready to be injected directly into CLM and screening systems.
Compliant
Avallone’s accessible sharing portal allows customers to deliver documents and data securely and in full compliance.
Visible
Get an easy overview of responses and workflows across all outreach and customers - all at the touch of a button.
TAILORED TO THE NEEDS OF BANKS AND FINANCIAL INSTITUTIONS
How Avallone supports you and your customers
With KYC requests increasingly frequent and complex, customers are becoming overwhelmed by their KYC burden - and the impact hits even harder for customers with multi-bank relationships. When customers rely on inefficient, manual KYC processes managed across scattered drives, spreadsheets and inboxes - it makes a challenging process even harder. The result is long response delays, inaccuracies, needless back and forth communications, and potential non-compliance with GDPR and privacy regulations. After drawn-out exchanges that can take 200+ days for some complex cases, banks and financial institutions typically end up with low quality data that must be manually pasted into CLM and screening systems.
Avallone offers banks, financial institutions and customers a better way. Using the Avallone platform, customers have easy and efficient AI-powered workflows to collect, upload, store, reuse and share KYC data. With just a few clicks, they can respond to KYC requests and share comprehensive KYC packages with their partners. The process is completed with more speed and accuracy, and banks and financial institutions get back machine-readable data ready for injecting into CLM and sanctions screening systems. API syncing further saves time and reduces errors.
Using Avallone, banks and financial institutions can also complete multiple outreaches such as KYC, FATCA, and ESG simultaneously, and get 360° visibility on case progress across all customers.
The end result is time saved for all parties, increased accuracy and compliance, and hours freed to focus on strategy and relationship-building.
A KYC "game changer" for Save the Children International
Our banks have recognized that we’re aiming to be ahead of the curve by adopting innovative KYC solutions. One banking partner even commented that Avallone’s solution is ‘game changing’.
Overall, our banking partners are reassured that we’re working with Avallone - a dedicated KYC partner on improving our KYC processes - and proactively sharing risk-related information. I think this has had a direct impact on reducing the number of delayed payments.
— Edward Collis, Treasurer, Save the Children International
SOLUTIONS TO MEET YOUR KYC NEEDS
Challenges solved with Avallone
challenge #1
FREQUENT KYC REQUESTS CAUSING LONG RESPONSE DELAYS
Banks and financial institutions are sending an increasing number of complex KYC questionnaires to their customers.
Faced with scattered workflows and siloed data, customers are drowning in manual processes and endless back-and-forth email chains. As a result, KYC responses are taking too long - up to 200 days for the most complex cases.
With multi-banked clients required to repeat this process for every banking partner, the result is needless frustration and delays on all sides.
The AVALLONE SOLUTION
AI-powered KYC workflows
With Avallone, customers have access to seamless AI-powered workflows to collect, store and reuse KYC data. With just a few clicks, they can respond to KYC requests and share KYC responses with their banks and financial institutions.
Meaning that:
- The end-to-end KYC process is completed with more speed and accuracy
- Banks, financial institutions and their customers reduce their regulatory risk
- Banking partners, financial institutions and their customers have more time to build stronger relationships - and to dedicate to other priorities
challenge #2
KYC DATA IS LOW QUALITY AND NOT MACHINE-READABLE
KYC responses land with banks and financial institutions as unstructured PDFs, spreadsheets and email attachments.
These organizations then waste time manually re-entering data into CLM and screening systems, compounding delays and errors from already slow collection processes.
This manual work also increases the risk of human errors and inaccuracies, resulting in low quality data.
The AVALLONE SOLUTION
KYC responses are machine-readable and 100% accurate
Pre-filled questionnaires, reused answers and structured workflows let customers respond seamlessly to KYC requests, and share machine-readable data ready for injecting into CLM and sanctions screening systems. API syncing saves even more time and further reduces inaccuracies.
Meaning that:
- Banks receive data ready for injecting directly into CLM and screening systems - no rekeying needed
- Manual errors reduce to zero
- The end-to-end KYC process is completed even faster, and with greater accuracy
See the Avallone Platform in Action!
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ONLY AFTER 1 YEAR
What’s the ROI?
Avallone customers see improvement and savings across their KYC processes and response times. Imagine what your ROI could be!
Avallone customer success stories
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NEED TO KNOW
Frequently Asked
Questions
What is customer due diligence (CDD)?
Customer due diligence (CDD) is the process of collecting and evaluating information about a customer or counterparty to assess the risk they may pose. It includes verifying identities, understanding beneficial ownership structures and reviewing relevant documentation to meet compliance obligations and reduce exposure to financial crime, fraud or reputational damage.
What is KYC compliance?
KYC compliance is a structured approach to managing the risks associated with verifying and onboarding customers, counterparties or other entities. It involves implementing a centralized platform to automate due diligence, conduct risk assessments and ensure that data collection and identity verification processes meet regulatory requirements and internal policies.
What is a KYC solution?
A KYC solution is a dedicated software platform designed to help organizations manage and streamline customer due diligence and regulatory compliance. These platforms typically offer features like automated document collection, identity verification, risk scoring, centralized data storage and audit trails, making it easier to ensure ongoing compliance with AML regulations and internal governance standards.
How do you manage KYC effectively?
Managing KYC effectively requires a combination of automation, oversight and secure data handling. With a configurable KYC platform, organizations can tailor workflows to different entity types, track compliance status across teams, and adapt quickly to changing regulatory requirements. This improves efficiency, enhances risk visibility and helps teams stay audit-ready at all times.
DESIGNED FOR CURRENT AND FUTURE NEEDS
Built for scalable flexibility
We know that your KYC needs may change with time, so you always have the flexibility to scale up or back as required. Start with the products you need right now, and level up as your needs evolve - ensuring seamless and scalable growth.
What we offer
Avallone’s Products and Services
Whatever your needs, our products and services work together seamlessly - enabling your team to confidently respond to KYC requests, collect information safely and securely from counterparties, maintain data accuracy and escalate concerns effectively.
KYC Responder
Say goodbye to manual handling of incoming KYC requests. Easily save, store and re-use responses to avoid endless duplication.
KYC Collector
Save time collecting and verifying KYC data from counterparties. Streamline screening, compliance and risk scoring in one easy-to-use platform.
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Screening
Real-time monitoring for sanctions, PEPs, adverse media and more
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KYC Hub
One single source of truth for managing and visualizing legal entity structures and documents across your entire organization.
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Managed Services
Hands-on support to relieve your KYC / CDD workload. Our experts work alongside your team to provide scalable support where and when you need it most.
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Advisory Services
Trust our expert team with +30 years of financial crime prevention and compliance experience to help define processes, develop frameworks and tackle complex KYC challenges.
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Outreach KYC Services
Designed for banks and financial institutions looking to simplify their KYC document collection. Let us take care of the time-consuming communication and follow-up, and elevate the experience for your customers.
Remediation Services
For regulated companies seeking proactive solutions to meet their compliance deadlines. Tap into remediation support to refresh and verify customer profiles quickly and accurately.
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KYC 360° Full Suite
Experience the full power of Avallone with every product and service at your fingertips. The most complete way to manage KYC end-to-end.
STAY UPDATED WITH KYC TRENDS
Related Articles
Why KYC is Essential: Combating the Underlying Crimes in Financial Systems
From money laundering to terrorism financing, KYC processes are designed to verify the identities of clients and understand the nature of the business relationship.
KYC Is No Longer Just for Regulated Companies
KYC is now essential for all businesses, not just regulated ones. See how sanctions, reputational risk and screening make KYC critical for protecting your brand.
Why Protecting Your Reputation Matters More Than Compliance: Top 5 Reasons
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Third-Party Risk Management vs. KYC: What's the difference?
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