KYC / Onboarding / Beneficial Ownership

Spotlight

Make faster onboarding decisions with greater confidence

Faster and more reliable KYC leads to greater revenue, reduced remediation costs and competitive advantage in today’s competitive global marketplace. 

Arachnys Spotlight allows you to map your organization’s policies to automated processes that create and maintain 360º customer profiles. This increases onboarding velocity and improves customer experience as well as enhancing confidence in policy adherence.

Problem

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30% of corporates take more than 2 months to onboard

12% of lost clients are due directly to repetition of regulatory documentation requests

28% of lost clients are due to an inconsistent service across lines of business or regions

See the full customer picture, faster

Solution

Risk Understanding that goes beyond revenue acceleration; Arachnys Spotlight provides a level of understanding of risk to determine how to gain more market share

Improve compliance by enabling transparency of previous decisions in order to justify rationale to regulators

Reduce manual effort through an automated search process which adheres to your search policy

Improve search quality by ensuring that primary sources are used whenever possible

Complete process audit and traceability

Make cost savings via automation, QA and QC Management savings, more controls and reduced likelihood of remediation projects

Integrate directly with Arachnys Navigator and Sentry for Risk Assessment/EDD and Periodic Review, providing an end-to-end risk management solution, which drives uniformity, efficiency, operational cost savings and improved time to revenue

Client stories

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 […]

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 […]

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 […]