Pia KYC (Know Your Customer) is being launched in the first quarter of 2022.  In collaboration with the Plato Partnership, Plia KYC is aimed at simplifying and expediting the KYC/AML process for asset managers and their brokerage partners.   Plia KYC was designed with data security and control at the forefront, which allow asset managers complete control of their data.

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The scope of the project, initially only available to Plato Partnership and Advisory Group members, with be:

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Document Sharing, Re-use, and Permissions

 

• Implement end-to-end encryption of files to provide secure document sharing

• Allow buyside clients to upload their documents into a repository

• Allow buyside clients to give and revoke permission to those documents for an individual or group of sell-side counterparties

• Alert counterparties when any documents they have access to have been updated

 

Alerting and Workflow Management

 

• Allow sell-side clients to appoint a single point-of-contact to manage a buyside client relationship and help to coordinate activity across divisions and jurisdictions

• Allow sell-side clients to define workflows with questions and tasks to be completed. Each question or task can be assigned an internal responsible party to review responses, and can be assigned a responsible party when received by a buyside client

• Pre-defined workflows can be assigned to buyside clients with deadlines for individual tasks or for the entire workflow

• Buyside clients can re-use responses to the same question or task, helping to streamline the entire process

• Provide alerts to buyside and sell-side clients as workflow tasks are completed or when flagged for more information

• Provide API-level access to sell-side clients for integration of documents into their existing software or workflow

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