Kyckr Perpetual KYC is a solution designed to automate your access and processing of compliance obligations. Through our innovation and expertise, Kyckr provides a powerful suite of technology and services, enabled by our world class access to primary source registry information– the most legally authoritative source.
By taking an event-based approach, we employ intelligence to monitor and capture changes based around the attributes of your client information, helping you reduce risk, cost and providing a higher level of actionable insights.
See how our approach below can help your future proof your obligations.
Our 3-phase approach simplifies your KYC process delivering compliance in on-boarding and customer due diligence:
Kyckr automates cleansing through a rules-based workflow, helping us identify blemishes, inaccuracies whilst matching correct entries and records.
Automation helps us dramatically reduce processing costs and times compared to a manual approach.
Customer data is checked for completeness, consistency, duplicates, integrity and accuracy.
Through purpose-built rule-based decision engines, we align your cleansed records against global company registries, helping identify the discrepancies between your data and what is correct in the registries.
Real-time event monitoring helps you retain a most up-to-date, accurate customer book.
Our capabilities apply specially defined rules and risk filters that watch and analyse event changes relating to any customer on your existing customer books.
The information you keep regarding your customers should be current, correct and accurate.
Whilst other solutions store data around their customers and use secondary sources, Kyckr does not store information and only uses primary source. This means you’re always referencing current, correct and accurate information through Kyckr for Business.
Companies change risk profiles constantly and without automation, compliance management becomes challenging, time consuming and expensive.
Kyckr Company Watch provides smart live monitoring to changes from primary source information meaning we notify you of the important changes that occur at the registry.
Our clients typically encounter that up to 17% of their customers are not properly registered.
In most countries, once a company is de-registered, it no longer owns its assets – the state does. Providing accounts and other services to manage such assets is technically a breach of AML obligations. In addition, it also misrepresents assets under management because your customer no longer owns the assets.
Kyckr can help with your new client onboarding by assessing the following:
Legal Entity: Ensuring legally compliant name, address and status fields are captured.
Director: PEPs and Sanctions, Negative Press.
Controller: Shareholders and who controls the company.
Kyckr can significantly reduce manual processes by reducing the risk of human error, increasing accuracy of customer information and improving efficiency for your business.
Cleansing and Remediation of data
KYC Due Diligence Refreshing
Our automated solutions bring your KYC challenges into compliance for yesterday, today and tomorrow. To speak to a KYC specialist about how we can help, get in touch with our Kyckr team at firstname.lastname@example.org.