Payment Service Providers

Automated KYC for Payment Service Providers

As with most regulated industries, payment service providers have their own specific challenges with supply chain and vendor due diligence, adverse media screening as well as customer onboarding and monitoring. Isolating the relevant data for complex entities is a common pain point for compliance teams at payment companies who need to become more efficient with their time.

Arachnys understand some of the challenges payment service providers face and can offer them cloud-based solutions that align with their risk policy, provide adverse media screening and due diligence tools, automate manual processes and reduce duplicative and manual work across their global compliance teams.

Backed by unparalleled global data sources, we provide the tools to help you automate and accelerate manual effort in supply chain due diligence, customer and vendor onboarding, monitor adverse media and mitigate reputational risk.

Industry Problems


European Payment Service Providers need to adhere to both the EU’s Payment Service Directive (PSD2) and elements of the Fifth Money Laundering Directive (5AMLD).

Payment providers need to be able to rapidly do enhanced due diligence on third parties in any country and language, share their research internally and provide an audit trail.

Recent scandals in the payments industry mean providers need real-time adverse media monitoring capabilities to across the world to mitigate reputational damage.

Arachnys Solutions


Automated AML & Investigations

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

Automated KYC & Onboarding

Assemble everything you need to know about your customers and counterparties.

Automated Enhanced Due Diligence

Capture the information that matters and remove the noise of false positives.

We channel data into your ecosystem

We act as a single lens, accessing and enriching the best KYC & AML data from global sources, which connects your compliance ecosystem to the data you need to make more confident compliance decisions.

AML & KYC Data Sources


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

Less noise: Capture only the relevant information that matters, removing the noise associated with manual search techniques

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

Audit control: Prove your findings with consolidated reports which include heat maps, summaries of completed steps and supporting research

Reduce duplication: Curation tools for 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


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 AML alert clearing and KYC/CDD/EDD processes

Automated screening tools: Reduce investigative cycle time using automated content-acquisition methods, and reduce false positives using automated screening tools 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 report creation: PDF report generation and export capabilities (with or without appendix, translated and non-translated)

payments due diligence

The due diligence challenge for the payments industry

With the payments industry betting big on modernisation, cloud computing, mergers and acquisitions and collaboration with other industry players, there also comes a need to play it safe by conducting due diligence whenever they bring onboard new business customers to combat payments fraud and to enforce anti-money laundering.

Read the Blog Post

Q&A with Gregory Dellas, Chief Compliance & Innovation Officer at ECOMMBX

In our continuing series of the FinCrime Files, we caught up with Gregory Dellas, Chief Compliance & Innovation Officer at ECOMMBX, a digital banking, electronic money and payments provider, on his top challenges in fighting financial crime and how technology can help.

Read the Interview

Gregory Dellas

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