Frictionless KYC
& Onboarding
Intelligent data to onboard and monitor any business, fast.
Arachnys accelerates onboarding by providing the best global KYC and AML data. Enriched, automated data enables straight-through processing and means fewer customer touchpoints, less risk and quicker revenue.
Industry-wide problems
Banks are losing money because the ‘time to revenue’ for customer onboarding is too long. The overall onboarding time for corporate banking customers is a staggering 90-120 days* (Oliver Wyman).
Banks are still relying on huge compliance teams to manually deal with remediation backlogs and ongoing monitoring issues. There's now an average of 307 deployed KYC employees* (Thomson Reuters).
The onboarding and review processes cause friction resulting in a poor customer experience. 85% of corporates have not had a good KYC experience, resulting in 12% changing banks* (Thomson Reuters).
The Arachnys Advantage
Accelerate entity resolution
Leverage existing data
Reduced manual effort
UBO identification
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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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