aml

Frictionless AML

Surface the content that matters, reduce duplication, manual effort and increase data re-use.

Arachnys accelerates anti-money laundering investigations by providing the best global KYC and AML data. Real-time registry and adverse media connections allow you to keep regulators happy while reducing refresh costs and improving the customer experience.

The Problem

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Global non-compliance for KYC/AML at global financial institutions top $36 billion in penalties since 2008, with AML fines in 2020 already surpassing 2019.

Banks are still relying on huge compliance teams to manually deal with AML remediation backlogs and ongoing monitoring issues.

Financial institutions struggle with manual data discovery, which is slow, laborious and can rely heavily on individuals’ knowledge of local source data, creating inconsistency and risk.

The Arachnys Advantage

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Better data

Unparalleled global source coverage enables you to run 100% of your external data gathering process through a single set of tools.

98 Languages

Surface content in 98 languages, supported in multiple scripts including Arabic, Chinese and Cyrillic, across 220 jurisdictions.

Less noise

Capture the relevant information that matters, removing up to 80% of the noise associated with manual search techniques.

Full audit control

Prove your findings with a consolidated PDF report which also includes heat maps, summaries of completed steps and audit supporting detail.

Curate & reuse

Curation tools to create a full audit trail of your external research processes, with the ability to share and reuse data across your organisation.

Integrate

Connect your organization's workflow applications directly to the external data they need to make better, faster decisions.

Features

Global data search: Continuously search across 23,000+ risk-relevant, open-source and premium providers in over 98 languages supported in multiple scripts (incl. Arabic, Chinese & Cyrillic) across 220 jurisdictions

Configurable investigative process management: Investigative policy configuration and execution, guides your analysts in accordance with KYC/CDD/EDD processes. Reducing investigation and QA time and effort.

Machine learning-powered automated screening: Reduce investigative cycle time using smart content-acquisition methods, and reduce false positives using automated screening for risk categorisation and assessment.

Risk identification, categorization and evidencing: Providing fast, accurate and consistent risk determinations with automatic audit trail for simple or complex investigations.

Structured audit report creation: PDF report generation and export capabilities (with or without appendix, translated and non-translated).

Powerful APIs: Enable Arachnys data-discovery processes from basic, bulk search through to entity profiling, and process orchestration to be integrated into firms’ customer lifecycle-management, transaction-monitoring, risk-analysis and other applications.

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case study aml

Case Study: A more efficient process for 3,000 AML analysts

A global bank, operating in over 70 countries, needed to streamline the clearing of their AML investigations for their 3,000 analysts. Learn how Arachnys increased levels of efficiency and transparency between siloed teams, enabled AML data to be reusable across the bank and automated audit trails.

Read the case study

Unified Search API

Query any KYC or AML data source – even those without APIs – using a single set of credentials and a unified query language.

Entity API

Synchronize entity state between your systems and Arachnys, track revisions and changes and resolve entities across datasets.

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