Markit, Genpact Plan Expansion of KYC Service

rampi-kandadai-genpact
Rampi Kandadai, global head of domain consulting practice, Genpact

Data services provider Markit and business processes and technology provider Genpact are preparing the next phase of their joint know-your-customer (KYC) service, launched in May.

In early 2015, the companies expect to begin allowing firms who use Markit I Genpact KYC Services to directly consume client profiles through an automated interface, according to Rampi Kandadai, global head of domain consulting practice at Genpact.

"It doesn't substitute for the entity master or entity data that banks

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