KYC data

Know Your Customer's Customer

Be more confident in your customers and those that they do business with

Identify third parties quickly and efficiently, detect risks sooner and make faster and more confident KYC decisions using automation powered by unparalleled data coverage.

The Problem

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Banks and regulated companies need to be aware of who their customers are doing business with to avoid nefarious business dealings, money laundering and reputational damage.

There's an increasing need to advance policies and procedures aimed at gathering data on the complex links between companies and their relationships.

Identifying information on large volumes of entities and all their connections is impossible without the right data sources and automation technology.

The Arachnys Advantage

speed

Accelerate entity resolution

Identify third parties quickly and efficiently with automated entity enrichment with high-quality data for high-risk counterparties.
cloud data

Leverage existing data

Leverage existing KYC entity profiles, making them reusable and improving the speed, accuracy, and efficiency of global research.
improved efficiency

Reduced manual effort

Automated population of entity and risk profiles for large volumes of entities with minimum manual effort, improving efficiency.
risk scoring

Improved risk scoring

Combined with an effective KYC process, generate more insightful composite risk scores for your customer and business relationships.
rapid deployment

Rapid deployment

Quick-to-deploy platform for use by internal and external teams allowing institutions to quickly respond to regulatory pressure.

Easy integration

Our modular platform enables easy integration into any existing system architecture, as well as scaling to support new diverse data sources.

Features

Entity-led research processes in line with customer policy to rationalize, collate and consolidate profiles, and associated content.

Search process automation for open source data acquisition, reducing manual effort and human error by leveraging Robotic Process Automation (RPA).

Speed-up process determination by enriching and validating entity profiles using 23,000+ risk-relevant data sources in 98 languages.

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’ existing compliance systems.

KYC entity enrichment

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.

perpetual kyc

White Paper: Achieving Perpetual KYC

How close is the financial world to achieving perpetual KYC?

Oliver Wyman shared with us their Global KYC benchmarking study on Global Banking & Markets KYC, which has found that the overall onboarding time for corporate banking customers is a staggering 90-120 days.

In this white paper, , we look at how banks can reduce onboarding times, KYC refresh costs and improve the customer experience by leveraging better technology and automation across the three pillars of data:

  • Driving efficiency with self-reported customer data
  • Using automation to capture & screen external data
  • Reducing risk through monitoring transaction behaviour

Download white paper

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