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IHS Markit

New account onboarding is one of the most pressing challenges for the Financial Services industry. A lack of industry standardization, transparency and controls, manual communication, and changing requirements across institutions leads to 40+ days to onboard a new account and deploy capital. IHS Markit built Izzy Bot in Symphony to centralize and facilitate the client onboarding process.

How it works

  • Izzy Bot collates entity data, documents, validated KYC and tax profiles, legal amendment letters regulatory data, and an account’s ready to trace status
  • Using AI and RPA, the bot pulls the client, institution, and onboarding data and documents into a Symphony chat room where teams can collaborate
  • The result is a streamlined, secure onboarding process reducing risk, processing time, and costs.
  • Users require access to Symphony and IHS Markit Counterparty Manager: Onboarding Accelerator
Interested in adding this Bot to your Symphony workflows? Let us know: