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Use Cases

Optimise your KYC processes at every stage of the customer lifecycle.

Use Cases
Verification

Without direct access to accurate and complete information sources, verifying customer-provided data can be a painful and time-consuming experience. Scouring external sources for company filings drains analyst time, causes delays for customers and can result in unpredictable workload. Often it is like trying to find a needle in a haystack.

​Kyckr Registry Portal and our API give you access to over 200 corporate registries from 120 countries at a click of a button.  We connect you to the most up-to-date, accurate and legally reliable company information via one platform, including hard-to-reach sources and jurisdictions. Document types are simply laid out and costs are transparent, giving you all you need to retrieve individual filings in one place, fast. Be quicker with Kyckr! 

Onboarding

Completing accurate records at the time of customer onboarding is a complex task encompassing several, typically manual processes. It is also a major cause of customer friction. On average it takes 26 days to onboard a customer (Thomson Reuters, 2017) and 73% of financial institutions have reported losing customers due to friction in the process (LexisNexis, 2017). 

Kyckr’s API automates the sourcing of legally authoritative company and shareholder information. Our service is fully configurable to meet the individual needs of KYC and Onboarding teams and can be integrated with all major software systems used to capture customer information. Reduce customer friction and accelerate revenue with a seamless onboarding experience!

Use Cases
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Data Cleansing

Article 13 of the European 5th AML Directive requires that companies ensure that documents, data or information held on customers are kept up to date. For financial institutions, payment service providers and professional service firms this means a pressing need to ensure data quality in the existing customer book. Manually remediating many thousands of records is a thankless task fraught with risk. 

Kyckr’s Verify & Validate technology makes data cleansing and remediation simple and hassle-free. Using proprietary decision engines, we automate the cleansing of supplied customer data and align your records against global company registries, identifying and addressing any discrepancies. The result is a remediated book, without the high cost and delays associated with manual processing. 

Monitoring

The huge cost of AML/CTF breaches means it is imperative to monitor changes to customer circumstances on an ongoing basis. Effective monitoring is a time-consuming, repetitive and complex process without the right access to current and accurate information sources. It often involves direct, back-and-forth consultation with customers, creating unnecessary friction that can last weeks or even months. 

Kyckr Perpetual KYC enables continuous and automated tracking of registry changes for monitored clients, reducing the delay between corporate changes, internal risk assessment and action. Our solution provides periodic or event-based alerts that gives you actionable insight and our perpetually maintained, quality customer data helps you to give a first-class customer experience to every client, while freeing up the time of analysts to focus on value-added tasks. 

Use Cases

Discover how to optimize your KYC processes at every stage of the customer lifecycle!
Contact us now! ​

© 2020 Kyckr Limited

© 2020 Kyckr Limited

info@kyckr.com

info@kyckr.com

© 2020 Kyckr Limited

info@kyckr.com