Third Party Due Diligence
KY3P: Intelligent data to onboard and screen any business, fast
Arachnys provide a single, intelligent feed for the world’s KYC and AML data so you can onboard and monitor any third party in the world, fast. Our technology has helped some of the world’s biggest brands avoid regulatory fines and improved efficiency by automating manual processes and making data reusable.
The Problem
Companies lack clear oversight for third-party onboarding and struggle to track, monitor and screen complex global third parties.
90% of anti-bribery and corruption enforcement actions are linked to misconduct from third parties, and 8 in 10 organizations discover third-party risks after their initial due diligence.
Onboarding new suppliers typically takes 3-6 months, with multiple friction points across the process leading to lost revenue.
The Arachnys Advantage
Better data
98 Languages
Less manual effort
Full audit control
Curate & reuse
Integrate
Features


Supply chain due diligence is faltering: here’s how to tackle it
Many companies are still not identifying crucial risks in their supply chain. Illegal and unethical practices are still rampant among the suppliers of large companies as a result. However, use of due diligence solutions to address these problems is accelerating rapidly.
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