Arachnys, FICO to help financial organisations in managing corporate KYC and compliance requirements

Wednesday 18 September 2019 11:42 CET | News

FICO has announced a partnership with Arachnys to enable financial organisations and their customers to benefit from a faster onboarding experience and record management.

The aim of this partnership is to facilitate operational efficiency and reduce costs through intelligent automation, while also enabling improved compliance process outcomes and lower false-positive rates.

Arachnys’ cloud-native solutions provide more than 23,000 curated data sources in over 90 languages to enable quick and simple onboarding, due diligence, AML alert investigation and refresh of customers and counterparties. On the other hand, the FICO Siron KYC solution leverages this data to manage the customer lifecycle, facilitate list matching and risk scoring, and enable companies to maintain regulatory compliance.

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Keywords: Arachnys, FICO, partnership, Financial organisations, management, KYC, compliance, onboarding, AML, due diligence, KYC, risk scoring, regulations
Countries: World