Data Update Frequency

You should update the data in the system according to your industry requirements and internal business processes.

There is no set time interval for updating the data in the system, but you can set an expiration date on all the documentation that your customers submit. By doing so, you will receive a notification when the documentation expires and proceed with new KYC requests to get updated information and documents from your clients.

In any case, Penneo KYC continuously ensures the data retrieved by the system is kept up-to-date through daily screening of relevant databases.