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
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
Accelerate entity resolution
Leverage existing data
Reduced manual effort
Improved risk scoring
Rapid deployment
Easy integration
Features


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
Follow our AML & KYC Blog
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Leveraging STP in KYC
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Client monitoring: reducing false positives and leveraging STP
Despite the massive cost and reputational risks Financial Institutions (FI) are exposed to, efficient fraud & AML systems largely