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      Where adaptability meets advantage

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      Adaptability starts here
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      10 Jul 2025 Robust Order Book and Operational Resilience mark TCS’ Q1
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      16 Jul 2025 TCS Launches AI-Powered Research & Innovation Centre in Singapore to Accelerate Enterprise Innovation at Scale
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      View all
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      17 Jul 2025 TCS a Leader in Life and Annuities Insurance BPS and Third-Party Administrator Services: Everest Group
      15 Jul 2025 TCS Recognized as a Leader in Healthcare Provider Digital Services by Everest Group
      01 Jul 2025 TCS Recognized as a Leader in Pharmacovigilance Operations Services by Everest Group
      View all
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    • Products and Platforms
    • Quartz™ - The Smart Ledgers™

    Quartz for KYC

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    Quartz™: Creating collaborative ecosystems using resilient technology

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    23 Jan 2025

    In this article

    Challenge   inpage
    Solution   inpage
    Benefits   inpage
    The Quartz Advantage   inpage
    Challenge inpage
    Solution inpage
    Benefits inpage
    The Quartz Advantage inpage
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    In this articleinpage
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    Challenge Solution Benefits The Quartz Advantage

    Challenge

    KYC regulations are increasingly becoming critical issues for organizations globally and it is estimated that millions are spent each year on KYC related procedures alone. Existing KYC processes are lengthy and complex, affording little transparency on how data is collected. Further, the secure authentication of customer identification data and the need to protect it from unauthorized and fraudulent usage add to the challenges faced by firms worldwide. What institutions are looking for is a single and integrated solution catering to multiple regulatory requirements and stakeholder needs.

    Solution

    The KYC solution from Quartz is an enterprise-wide e-KYC platform that offers organizations a comprehensive view of all client relationships spanning multiple business lines, enabling intelligent and informed decision-making. TCS has invested in future-proofing our KYC solution through integration with DLT (Distributed ledger technology) and AI/ML technologies, enabling organizations to leverage the power of ecosystems. This strategy is designed to bring in efficiencies for the organizations and enhance the end customer experience significantly. The solution is designed to simplify the end-to-end KYC process, standardize and streamline data collection for efficient and rapid customer onboarding, periodic reviews, remediation and lifecycle management. It caters to the KYC requirements of institutions across multiple industries.

    Benefits

    • Instant access to trusted KYC information, elimination of duplicate records, immutability of records through the use of blockchain technology.
    • A common platform for multiple business lines or multiple institutions, allowing for the creation, modification and sharing of KYC data.
    • Flexibility to configure KYC rules and parameters as per business needs
    • Compliant with global regulations and data privacy norms.
    • Digital data analysis supported by unsupervised models and NLP, connecting internal and external data sources.
    • Reverse link analysis with advanced analytics and support for continuous risk assessment for real-time views of the client profile

    The Quartz Advantage

    Co-existence and Interoperability: Quartz solutions are built on this philosophy and can integrate with third-party solutions and various blockchain based systems and networks.
    Integration: Quartz solutions are simple, lightweight and can seamlessly bring together third-party solutions, legacy applications and messaging middleware. They can therefore reduce entry barriers to blockchain adoption by insulating connecting systems from the complexities of the underlying blockchain.
    Agile Development and Deployment Framework: Quartz DevKit along with its foundational components can provide an agile framework for faster development and deployment of business applications on a choice of blockchain platforms.

    Harness the power of next-gen technology

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