KNOWING YOUR PROFESSIONALS MATTERS
There is a substantial spread between Professional and Non-Professional subscriber data fees. Making errors can have a negatively compounding effect on your P&L, and furthermore, can result in noncompliance audit penalties that materially impact your public reputation.
The Pressure is Mounting on Brokers / Data Providers
Clients are inundated with online terms and conditions that get clicked through and often go unread.
Exchanges extend data to users expecting accurate declarations from data providers for invoicing.
Brokers must collect the required KYP information while maintaining a simple client signup process.
Clients
Inundated with paperwork
Click through culture of the internet
Oblivious to regulations and policies
Exchanges
Extend data to end users
Write, interpret and enforce policy
Increasing audit frequency
Improving the user experience
Risk management
Placate customers and vendors
Broker / Data Provider
With increasingly complex data subscriber classification challenges, you face increased noncompliance risk:
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Accurate Professional/Non-Professional subscriber classification is vital to comply with exchange policies
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Recent large audit findings have highlighted that classification without verification will no longer suffice
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Exchanges are adopting advanced audit technology, driving firms to update their classification process
KNOW YOUR PROFESSIONAL
KYP
KYP by D8A FORCE is a flexible solution designed to support compliance with exchange policies. This proprietary software automates data subscriber verification for declaration purposes. It qualifies, classifies, and manages subscriber data (collecting, updating, and monitoring) to help you avoid the risk and cost of noncompliance.
D8A Force works with exchanges to ensure KYP covers their requirements. Using AI and machine learning, KYP determines – on an exchange basis – if a subscriber should be classified as professional. KYP’s algorithm performs Entity Resolution, Record Linkage, and Categorization and has the capability to improve itself through usage. Gain the advantage of on-demand data evidencing and due diligence automation done right with KYP's patent pending technology.
SPEED
KYP processes your subscriber lists at a fraction of the time, manual due diligence can take up to 10 minutes per subscriber
VALUE ADD
Your internal teams can focus on high-value items
PRIVACY
KYP offers both client site and secure cloud deployments
AUDITABILITY
Artifacts are created, stored and easily accessible to make exchange audits painless
COST
Industry surveys indicate the due diligence can take up to 10 minutes per subscriber. KYP cuts cost by replacing the requirement for manual due diligence
PARTNERSHIPS
We continue to collaborate with industry stakeholder and your internal teams to keep KYP contemporary
Powerful features that streamline your business processes
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Deployment choice to install on your infrastructure or on secure cloud
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Close relation with exchanges to help in policy interpretations & audits
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Cost-effective pricing to save cost compared to a manual approach
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User-friendly analytics dashboard to monitor/manage subscriber data
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Continuous KYP updates to comply with evolving exchange policies
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Custom implementation to suit your integration needs
THE KYP INTEGRATION PROCESS
D8A FORCE works with your organization to integrate and deploy KYP with a range of custom implementation options:
IMPLEMENTATION STUDY
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Review existing process
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Integrate your data
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Determine fit for deployed or hosted installation
DAY 1
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Process existing subscribers
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Liaise with stakeholders
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Impact assessments
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Temporary resourcing available
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Managed Service available
STEADY STATE
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Process new subscribers
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Annualize recertifications
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Configure Analytics delivery
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Staff augmentation available
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Managed Service available