A key part of ongoing client monitoring is keeping client identification documents and KYC information up to date.
This helps ensure that the information you hold is still accurate and current, reducing any risks associated with changes in the client’s circumstances that could affect their risk profile.
With Parallel, you can set expiration dates and alerts on various properties of a client profile, so the system notifies you exactly when you need—before or after the reference date.
For example, when you register a client’s ID document and include its expiration date, you can configure the platform to notify you one month before it expires, so you can request an updated document from the client in time.
This way, you’ll have a centralized dashboard to track all expired or soon-to-expire documents and processes—no more relying on spreadsheets, calendars, or task managers that are hard to keep up with.