Compliance
AML, KYC and KYB checks inside the deal pipeline
A step-by-step guide to running verification checks as pipeline gates, recording evidence and exporting the audit trail.
Compliance works best when it is part of the workflow rather than a separate job at the end of the week. In Xova, AML, KYC and KYB checks are attached to stages, so a file cannot move past a gate until the right evidence is in place.
Set the gates for each product
Different products carry different risks, so the checks you need for a development finance case are not the same as those for a straightforward asset finance lease. Start by mapping the gates each product needs.
- Identify the checks required before a file can enter each stage.
- Decide which checks block progress and which can be recorded for information only.
- Set who can override a failed check and what reason must be given.
Run the checks against the record
Once the client and company details are in Xova, verification runs against that record. There is no re-keying into a separate tool, and the result is stored against the deal it belongs to.
Export the audit trail
When a lender or regulator asks for evidence, export a single pack covering checks, documents, stage changes and communications. The trail is timestamped and searchable across every file you have processed.