Perpetual KYC (pKYC) is an advanced approach to Customer Due Diligence (CDD) that replaces traditional Know Your Customer (KYC) review periods with real-time, continual and often automated monitoring and updates. It helps organizations maintain up-to-date customer profiles, streamline compliance operations and reduce the risk of financial crime slipping through gaps with less frequent review cycles.

Instead of reassessing customer risk at scheduled intervals, pKYC continuously evaluates data and dynamically updates risk profiles based on new information - significantly enhancing risk detection by identifying changes as they occur.