AML is hard at the best of times. When you are facilitating transactions on behalf of third-parties, it’s even harder. With no KYC context to draw on, and often poor-quality input data, numbers of investigations can overwhelm the best teams.
Arachnys’ intelligent data allows you to automatically enrich and validate even poor quality input information – gleaned from SWIFT messages or bulk remittance files – with no manual intervention.
Because data enrichment is totally automated, you can eliminate manual work by straight-through processing cases that don’t raise red flags.
Automated data also allows you to create better management information to oversee your partners themselves better and challenge network participants on the quality of their KYC and AML processes.
to resolve customers and counterparties.
plugging them into intelligent data.
perpetual KYC and AML alerting use cases.
by drawing on signals hidden deep within datasets to
provide full automation even for incomplete or inaccurate input data.
multiple datasets gives a real-time risk picture
of your customer base and counterparties.
and visualization tools to identify hidden relationships
or enrich existing datasets of transactions or relationships.
For more information on the Arachnys APIs, visit our Developer Resources.
