Perpetual KYC / Periodic Review

Sentry

Constant confidence in customer data

Traditional periodic review cycles are operationally complex and fail to keep pace with the change of information about your customers.

Arachnys Sentry delivers perpetual KYC and trigger event review by continuously monitoring corporate data, adverse media and watchlists to discover risks in real time.

Problem

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Manual, error-prone and repetitive customer reviews create chaos. Many organizations cannot even complete periodic review cycles for lower-risk customers because of the costs and challenges associated with high-risk customers.

Too much work is repeated, and because data provenance from KYC/onboarding is unclear, determining which data is truly accurate can be guesswork.

Technology can revolutionize the periodic review operating model if it can proactively monitor for changes in key corporate or personal data, as well as watchlist, sanctions and news content. Arachnys Sentry was developed to deliver this value to FIs.

Evolve to Perpetual Review

Solution

Only act when risk changes, with event-driven KYC and beneficial ownership monitoring in real-time

Never miss anything important, with automatic adverse media monitoring

Access all the info you need, with the World’s largest risk dataset - 23,000 open source websites, and integrations with all premium data sources - in 98 languages and every character set

Keep track of everything you and your team have done, with comprehensive compliance documentation and rich audit trails -- data change logs, user logs and audit history

Speed up analysis with AI powered false positive reduction

Make risk decisions quickly, with auto-suggestion of dispositions with AI-powered sentiment-analysis

Ensure your analysts spend their time where it matters, by creating a true risk led approach with complete configurability at population, segment or customer levels

Client stories

25% cost saving in wealth management onboarding, in 6 months

Challenge Back in 2016, our second ever big enterprise engagement was with a Tier 1 Global Bank, headquartered in NY. Not only were we lucky to have been selected by the bank as a vendor to work with, but we […]

Why a new pharmaceutical brand chose to improve their audit trail

Challenge When an ex-Arachnys fan moved to head up the compliance team at a spin out company from his former employer, he instantly organised a meeting with us. His team needed a rapid implementation of a risk solution that they […]

4,000 AML analysts, each made more effective

Challenge “We must meet our target operating model as efficiently as possible – we need a 20% uplift in case throughput within the next 6 months. Whilst we moved forward with Arachnys because their unstructured and emerging market data would […]

How we helped a tier 1 investment bank avoid $100M of remediation costs

Challenge One of the world’s largest investment banks, headquartered in Western Europe, met with us initially to discuss how to help them with ‘top up’ research where their clients expanded across new geographies and thus their KYC files needed to […]

12 weeks later, this national bank’s EDD case time has been cut in half!

Challenge “We need to conduct EDD globally but most of our team have never left the state!” Managing Director, High Risk Accounts A key regulatory requirement is to monitor for risk relevant changes in your client base. One of the […]

We tamed one of the world’s most complex supply chains

Challenge “Outsourcing risk is a fallacy – it not only means we’ve more risk due to less control, but we end up duplicating all the research anyway to double check the quality, which costs even more money. Arachnys can help […]