Effortlessly improve account opening processes (KYC/KYB) and comply with AML and CTF regulations while reducing costs associated with manual identity verification.
Monitor ongoing client behaviors and financial crime risk, and onboard more clients globally.
Streamline clients on-boarding, while complying with regulations and safely automating sanctions screening, transactions monitoring and identifying potential risks.
Reduce identity fraud and SIM-related risks with automated KYC processes. Provide fast, secure onboarding for telecom customers while meeting regulatory obligations.
Verify investors, shareholders, and UBOs with instant access to registry documents and global data sources. Simplify KYB due diligence for asset managers, funds, and financial institutions.
The fight against money laundering and terrorist financing is more important than ever. Regulators are handing out huge fines to banks and other financial institutions on an almost daily basis. Since 2009, regulators in Europe and the US have imposed over $342,000,000,000 in fines on banks for misconduct including AML violations.
KYC-Chain began working with Standard Chartered Bank in 2017, with the aim of significantly reducing customer on-boarding time and cost, as well as improving KYC quality.
Standard Chartered operates a network of over 1,200 branches and employs around 87,000 people. Generating over $14 billion in revenue per year, the British multinational was struggling to provide a smooth on-boarding experience to both retail and institutional customers.
1. Customers faced painful delays in the on-boarding process.
2. KYC information was submitted twice, due to a lack of communication between different regions and product types.
To bring its on-boarding experience into the 21st century, Standard Chartered Bank partnered with KYC-Chain.
Together we created an innovative solution which cut customer on-boarding times in half through the use of automated identity verification methods.
Discover why leading banks, crypto companies, and enterprises choose KYC-Chain. Our customizable KYC compliance software adapts to global regulations, automates onboarding, and ensures secure data management.
Create KYC templates tailored to your jurisdiction and business needs. Our software adapts to multiple regulations, allowing you to edit, track, and continuously optimize compliance processes.
Boost compliance efficiency with features like accreditation checks, institutional investor verification, AML and wallet screening, and advanced reporting—all in one platform.
Cut onboarding times from hours to minutes. Integrate via API or use our web platform to automate identity verification and customer due diligence.
Maintain complete ownership of customer data with GDPR-compliant cloud storage. Our platform ensures privacy and security while supporting flexible access.
Onboard and verify customers across regions and industries. Our software adapts to local regulatory frameworks while maintaining international compliance standards.
Stay ahead of evolving regulations. Our adaptable platform integrates with data providers, updates automatically, and ensures your KYC system is ready for today and tomorrow.
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