Enhanced Due
Diligence
Intelligent data to onboard and screen any business, fast.
Arachnys accelerates enhanced due diligence by providing the best global KYC and AML data. Enriched, automated data on businesses and third parties enables straight-through processing and means fewer touchpoints, less risk and quicker revenue.
The Problem
All financial institutions struggle with the challenges of understanding who their customers and counterparties really are.
Different types of investigations require different types of data, and existing platforms struggle to manage complex policies across many geographies, languages and scripts.
Building an audit trail is time consuming, and information cannot be reused between teams, leading to duplicative effort and regulatory risk.
The Arachnys Advantage
Better data
98 Languages
Less noise
Full audit control
Curate & reuse
Integrate
Case Study: This national bank’s EDD case time halved in 12 weeks
Learn how Arachnys worked with one of the USA’s largest banks who was finding international research challenging, particularly monitoring risk-relevant changes within their client base – a key regulatory requirement. The results include cutting EDD investigation time by 50% and reducing costs by half.
Follow our AML & KYC Blog
-
Kicking off the AML collaboration between sports clubs, banks and regulators
In the past decade, the monumental incline of revenue within sport has brought with it more spectacle, more worldwide
-
Why AML partnerships need a broader base
In the battle against financial crime, the partnership model makes sense. The world’s law enforcement agencies are charged with
-
2020’s largest AML fines show a troubling common thread
Compliance is the bulwark against money laundering and other financial crimes across the world. But as recent experiences reveal,
