Intelligent data to onboard and monitor any business, fast.
Arachnys accelerates onboarding by providing the best global KYC and AML data. Enriched, automated data on customers enables straight-through processing and means fewer customer touchpoints, less risk and quicker revenue.
Real-time registry and adverse media connections allow you to keep regulators happy while reducing refresh costs and improving customer experience.
A suite of APIs allow modular integration into customer lifecycle and case management tools, removing manual processes, reducing headcount, and improving efficiency.
AML & Investigations
KYC & Onboarding
Enhanced Due Diligence
Customers
Entities monitored
Languages
Risk relevant articles
Trusted by
Industry-wide problems
Banks are losing money because the ‘time to revenue’ for customer onboarding is too long. The overall onboarding time for corporate banking customers is a staggering 90-120 days* (Oliver Wyman).
Banks are still relying on huge compliance teams to manually deal with remediation backlogs and ongoing monitoring issues. There's now an average of 307 deployed KYC employees* (Thomson Reuters).
The onboarding and review processes cause friction resulting in a poor customer experience. 85% of corporates have not had a good KYC experience, resulting in 12% changing banks* (Thomson Reuters).
The Arachnys Advantage
Faster onboarding
Reduce headcount
Intelligent automation
Enrich entity profiles
UBO identification
Screening at scale
Used by Global Financial Institutions
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How a European Corporate Bank achieved perpetual KYC
Challenge We’ve been working with a customer who year-on-year were struggling to get through their periodic review cycles. Whether done internally
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Accelerated onboarding for global wealth management firm, with 25% cost saving
Challenge One of the main problems financial institutions face is the onboarding of high-risk wealth management customers, as it relies on
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Automating continuous monitoring for a national bank’s EDD cases
Challenge One of the largest banks in the United States came to Arachnys as they were looking to alleviate the challenge
Follow our AML & KYC Blog
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The future of AML compliance for US investment advisors
Highly regulated financial firms operating in the United States are witnessing significant anti-money laundering (AML) legislative and regulatory changes
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The FinCrime Files – Q&A with Colette Best, Solicitors Regulation Authority
In this edition of our FinCrime Files interview series, we caught up with Colette Best, Director of anti-money laundering
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The KYC & AML challenge for banks [infographic]
Opening corporate accounts at banks is a laborious process which contains multiple friction points. With such a tough KYC