c
Kyckr Perpetual KYC

Kyckr Perpetual KYC

Automate your KYC processes for future-proof compliance and verify / monitor your customers effortlessly.

Our solutions enable you to move from periodic to perpetual KYC by giving you direct access to primary source data form over 200 registries. Kyckr Perpetual KYC cleanses and remediates your existing client data, then monitors and captures changes in real-time.   

Early detection of compliance issues gives your organisation extra time to respond effectively and efficiently, resulting in reduced regulatory risk, cost and a compliance peace of mind

See how our 3-phase approach can help you to obtain compliance in onboarding & customer due diligence.

kycfnf12

Kyckr Perpetual KYC

Kyckr for Business
Real-time, Primary Source Data 

Connect to over 200 registries and access company intelligence on 170+ million legal entities across 120 countries through Kyckr Registry Portal. Utilize our dashboard reporting, admin tools and team management functions.

Verify & Validate
Data Cleansing

​Kyckr automates cleansing through a rules-based workflow, identifying blemishes and inaccuracies whilst matching correct entries and records.​
Automation dramatically reduces processing costs and time compared to a manual approach.​

Data Remediation​

Customer data is checked for completeness, consistency, duplication, integrity and accuracy.​
Through purpose-built rule-based decision engines, we align your cleansed records against global company registries, identifying the discrepancies between your data and what is correct in the registries.

Company Watch
Perpetual Monitoring​

Real-time event monitoring helps you retain the most up-to-date and accurate customer information.
We apply specially defined rules and risk filters that monitor and analyse event changes relating to any customer on your existing book.

The use of Kyckr information at onboarding and throughout the lifecycle of the customer relationship allows us to maximise the effectiveness and efficiency of our onboarding, on-going due diligence and customer engagement processes and helps streamline our KYC/AML regulatory obligations.”​

Group Head of AML, CFT & Sanctions Group Regulatory, Compliance & Operational Risk, BANK OF IRELAND

Kyckr Perpetual KYC
Kyckr Perpetual KYC

Reap the benefits of Kyckr Perpetual KYC​

With Kyckr
Without Kyckr
Primary Source Data​
  • Kyckr Registry portal connects you to live registry information that is legally reliable, providing lawful validation of companies, directors, shareholders and UBOs
  • Many data providers use secondary or tertiary sources, providing outdated, inaccurate and unreliable data. 
 Cleansing and Remediation of Data
  • Automatic cross-check of client information against company registry data
  • Information variances are automatically identified and made available for bulk updating
  • Manual cross-check of client information against company registry data
  • Manual update of changes to client information in Know Your Customer (KYC), Customer Relationship Management (CRM), Customer Lifecycle Management (CLM) and Case Management Systems (CMS)
Client Onboarding
  • Information is electronically loaded into Case Management System reducing errors
  • Direct access to over 200 corporate registries within one platform in one language
  • Manual entry of client information into Case Management System
  • Manual download of supporting filings from numerous corporate registries in different languages

KYC Due Diligence Refreshing
  • Company Watch allows real-time reporting of client event changes, such as changes to directors and shareholders
  • KYC Due Diligence refresh of customer information can be event driven rather than determined in fixed periods
  • Manual refresh of client files based on a risk rating, after a defined future period (e.g. high-risk clients every 12 months, low risk every three years)
  • Delayed response time can lead to potential failures to prevent incidents of financial crime
Client Offboarding
  • Company Watch alerts compliance staff that a company has been deregistered​ or had an adverse event
  • Manual client account closures are determined by bank personnel based on information received by the client or via third parties

Reap the benefits of Kyckr Perpetual KYC​

Primary Source Data​
With Kyckr
Without Kyckr
  • Kyckr Registry portal connects you to live registry information that is legally reliable, providing lawful validation of companies, directors, shareholders and UBOs
  • Many data providers use secondary or tertiary sources, providing outdated, inaccurate and unreliable data. 
 Cleansing and Remediation of Data
With Kyckr
Without Kyckr
  • Automatic cross-check of client information against company registry data
  • Information variances are automatically identified and made available for bulk updating
  • Manual cross-check of client information against company registry data
  • Manual update of changes to client information in Know Your Customer (KYC), Customer Relationship Management (CRM), Customer Lifecycle Management (CLM) and Case Management Systems (CMS)
Client Onboarding
With Kyckr
Without Kyckr
  • Information is electronically loaded into Case Management System reducing errors
  • Direct access to over 200 corporate registries within one platform in one language
  • Manual entry of client information into Case Management System
  • Manual download of supporting filings from numerous corporate registries in different languages

KYC Due Diligence Refreshing
With Kyckr
Without Kyckr
  • Company Watch allows real-time reporting of client event changes, such as changes to directors and shareholders
  • KYC Due Diligence refresh of customer information can be event driven rather than determined in fixed periods
  • Manual refresh of client files based on a risk rating, after a defined future period (e.g. high-risk clients every 12 months, low risk every three years)
  • Delayed response time can lead to potential failures to prevent incidents of financial crime
Client Offboarding
With Kyckr
Without Kyckr
  • Company Watch alerts compliance staff that a company has been deregistered​ or had an adverse event
  • Manual client account closures are determined by bank personnel based on information received by the client or via third parties

Discover how to automate your KYC processes for future-proof compliance!
Contact us now! ​

© 2020 Kyckr Limited

© 2020 Kyckr Limited

info@kyckr.com

info@kyckr.com

© 2020 Kyckr Limited

info@kyckr.com