Intelligent data for correspondent banking and payments AML
AML is hard at the best of times. When you are facilitating transactions on behalf of third-parties, it’s even harder. With no KYC context to draw on, and often poor-quality input data, numbers of investigations can overwhelm the best teams.
Arachnys’ intelligent data allows you to automatically enrich and validate even poor quality input information – gleaned from SWIFT messages or bulk remittance files – with no manual intervention.
Because data enrichment is totally automated, you can eliminate manual work by straight-through processing cases that don’t raise red flags.
Automated data also allows you to create better management information to oversee your partners themselves better and challenge network participants on the quality of their KYC and AML processes.
How it works
Federate 23,000 data sources in 200+ jurisdictions
to resolve customers and counterparties.
Supercharge existing KYC and AML processes by
plugging them into intelligent data.
Probabilistic, tunable matching suitable for both
perpetual KYC and AML alerting use cases.
Entity resolution accuracy exceeds human capability
by drawing on signals hidden deep within datasets to
provide full automation even for incomplete or inaccurate input data.
Automated entity resolution and updates across
multiple datasets gives a real-time risk picture
of your customer base and counterparties.
Integrate enriched data with CLM, network analysis
and visualization tools to identify hidden relationships
or enrich existing datasets of transactions or relationships.
For more information on the Arachnys APIs, visit our Developer Resources.