Corporate Customer Digital Onboarding – Due Diligence Review
10xDS completed an engagement for Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for a digital onboarding app for corporate customers for a leading Islamic Bank in Bahrain.
Business Context
The Central Bank of Bahrain (CBB) mandates all the affiliated banks to comply to the Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) frameworks within the context of digital onboarding for corporate customers
How 10xDS Helped
10xDS helped by conducting meticulous document reviews, data extraction, and insightful interviews. We delved deep into the bank’s digital onboarding process, meticulously mapping it against CBB regulatory standards to identify compliance gaps. Our comprehensive approach also scrutinized security and privacy protocols, fortifying data protection against evolving digital threats. This endeavor not only elevated compliance requirements but also enhanced the customer experience, aligning seamlessly with our commitment to regulatory adherence and client satisfaction
