#JAFTE2018

KYC 2.0

#JAFTE2018 ConnexMe : AFTE2018

IntroductionUn petit mot sur notre méthodologie « il naso di Tommasso » et le choix de la commission AFTE et ses « engagements ».

Participants aux différents actions menées : • Estelle Roiena , R3 Corda• Damien de Chillaz Capgemini• Frédéric Maï et Hugo Simon-Chautemps Conformitee• Martial Chambounaud, Societé Générale• 14 Corporates Françaises, 9 banques, 5 assureurs

L’origine et le but: • Une enquête AFTE qui reflète vos envies.• Démontrer que le processus de KYC peut se rendre « contrôlable » et « digital »

MUTUALIZATION OF A PART OF KYC PROCESS

CLIPEUM Project

1 4 . 1 1 . 2 0 1 8

• CPLE

• C2 -confidential

#JAFTE2018 ConnexMe : AFTE2018

KYC IS AN OLD PAIN POINT, FOR EVERYONE

77%Of French corporate are mentionning the KYC as their main pain pointSource : AFTE 2018

TIME to onboard clients

COSTSDUPLICATION FRUSTRATION for clients

RISKS

Delivery of … varying data…

multiple banking connections at different points in time

to multiple persons within the bank

And also : Manuel and paper based

All banks perform same checks repetitively

No control on using, storage of confidential data

Spent on KYC operations per global bank

(USD 670m with remediation) Celent paper « Artificial Intelligence in

KYC-AML »

USD 370 m

#JAFTE2018 ConnexMe : AFTE2018

An obvious interest from banks, … but a weak commitment

Choice of technology : not the first priority (vs enrolment)

Entityexchange

Clarient Hub

KYCRegistry

ORG ID

KYC.com + Genpact

ORBIS

Focus

Focus

Focus

Focus

#JAFTE2018 ConnexMe : AFTE2018

A LARGE COMMUNITY in construction

1Enable the collaboration, byfocusing on a non-competitivepart of the KYC process

2 Commit Banks in the solutionthrough shareholding

3 Make the client an actor of its own KYC

4Build an international solution,that could be based on localinterconnected networks

3 Imagine a decentralized system to respect sovereignty

• > 30 members• Banks & Insurers• Global and local actors• French, UE, UK, US, Africa

& Asian actors

#JAFTE2018 ConnexMe : AFTE2018

CorDapp Trial

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What problems are we are trying to solve?

Financial Institutions all performing the same checks

Corporate customers send multiple documents to multiple FIs all performing the same checks

Resulting in expensive, labor-intensive and unreliable updating

Onboarding times can take as long as 2-4 months. Corporates take the most time.

KYC is an expensive and time consuming process!

Resulting in duplicative and expensive efforts

#JAFTE2018 ConnexMe : AFTE2018

KYC • Current State

Customers Send multiple documents & data

To multiple Financial Institutions

To perform the same checks

Customer frustration Significant costs, and delays

Current State• Highly fragmented and

increased risk

• Data take days to transfer and validate

• Regulatory reporting is tedious and suffers from human error

• KYC data delivered by customers multiple times and stored locally by each bank

Dupl

icat

ion

Dupl

icat

ion

#JAFTE2018 ConnexMe : AFTE2018

Why DLT? • Future State

Future State• Data controlled by the

customer

• Reduced data transfers and security risk

• Improved Customer experience

• Cost and time reduction

• Improved auditing and regulatory reporting

Customers

Customers own and control their data

Customers permit and revoke access to KYC Data

Single version of Data

Banks access Customer KYC data

3rd party attestation done once

#JAFTE2018 ConnexMe : AFTE2018

French Corporate CordaKYC Trial

Deployment Global Trial

Summary Webinar

Kick-off

VM Setup

Welcome Webinar

Corda Network Webinar

Compliance & Reg Webinar

Use Case Webinar

RedeploymentOffice Hours

Corda Introduction

Key Concepts Training

Corda for Business

KYC in Corda

Leia II Prototype

Model Selection

Prototype Mechanics

Corda Network

Business Networks

Tech Contact

Feedback

We are here

#JAFTE2018 ConnexMe : AFTE2018

5Banks

14Customers

French Trial: Actors

5Asset Managers &

Insurers

1Attester

The information contained in this document is proprietary and confidential. Copyright ©2018 Capgemini. All rights reserved.

Damien DE CHILLAZ

AFTE11.14.2018

#JAFTE2018 ConnexMe : AFTE2018

KYC Trust: The world’s first digital trust vault for CorporatesFocus on KYC data collection at scale

Corporate Structure Foundation

Unbiased & Inclusive Governance

Key Benefits

Powers & Control

Organize & digitize your Corporate information

The Trusted Network

CorporateFinancial Institution

#JAFTE2018 ConnexMe : AFTE2018

Join our Early-Adopter Program!

MVPProduction ready

H1 2019

Minimum Viable ProductBanks

Corporates

H2 2019

Iterative Releases & ExtensionsNew countries

New invited banksNew invited Corporate & subs

Co-Validation WorkshopsBanks

Corporates

Global

EngagementsBanks

Corporates

Term sheets Scale outEnd Users requirements Roll out

Q4 2018

Influence solution design based on your requirements

Contribute to the design of a balanced governance model

Express your leadership on innovation within your industry

A global leader in consulting, technology services and digital transformation, Capgemini is at theforefront of innovation to address the entire breadth of clients’ opportunities in the evolving world ofcloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise,Capgemini enables organizations to realize their business ambitions through an array of services fromstrategy to operations. Capgemini is driven by the conviction that the business value of technologycomes from and through people. It is a multicultural company of 200,000 team members in over40 countries. The Group reported 2017 global revenues of EUR 12.8 billion.

About Capgemini

Learn more about us at

www.capgemini.com

This document contains information privileged and confidential and it is property of Capgemini.

The information regarding concepts, ideas, methodologies and others material used are strictly limited to be used by the recipient only in order to evaluate the viability of the project. The total or partial reproduction or copy of this document shall not be provided to other entities outside the recipient, without previous authorization from Capgemini.

Copyright © 2018 Capgemini. All rights reserved.

#JAFTE2018 ConnexMe : AFTE2018

#JAFTE2018 ConnexMe : AFTE2018

Top 3 des irritantsSondage AFTE 2017

80%83%

74%

Dématérialisation insuffisante

Pas d’harmonisation

Pas de traçabilité sur la complétude

du dossier

#JAFTE2018 ConnexMe : AFTE2018

Une communauté de pionniers, un tronc commun de standardisation… en avant Conformitee !

juin 2017

Sondage AFTE

février 2018

POC CRS/FatcaFaisabilité de la standardisation

mai 2018

WorkshopValidation du tiers de confiance

juillet 2018

WorkshopPérimètre de la standardisation

juillet-octobre 2018

Ateliers ExpertsContenu du tronc commun

#JAFTE2018 ConnexMe : AFTE2018

Standardiser

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Standardiser : Once for all!

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Standardisation pragmatique

Interopérabilité pour conserver du sur mesure pour les 20% plus complexes

Avancer vite sur le B2B en France pour traiter 80% des cas les plus simples

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Simplifier

#JAFTE2018 ConnexMe : AFTE2018

Le Kbis contient beaucoup d’informationsPourquoi les ressaisir ?

#JAFTE2018 ConnexMe : AFTE2018

Le Kbis contient beaucoup d’informationsExploitons les au mieux

#JAFTE2018 ConnexMe : AFTE2018

Le Kbis contient beaucoup d’informationsVous en restez propriétaire

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Vous gardez le contrôle

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Votre mallette administrative à jour

#JAFTE2018 ConnexMe : AFTE2018

Conformitee Live en 2019

Sondage AFTE

POC CRS/FatcaFaisabilité de la standardisation

WorkshopValidation du tiers de confiance

WorkshopPérimètre de la standardisation

Ateliers ExpertsContenu du tronccommun

Fin 2018

Initialisation du pilote

Q3 2019

Déploiement du pilote

#JAFTE2018 ConnexMe : AFTE2018

Frédéric Maïfmai@conformitee.fr06 75 65 02 63

Hugo Simon-Chautempshugo.simon-chautemps@conformitee.fr06 15 67 69 23

contact@conformitee.fr