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
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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
