Country: Luxembourg
Year: 2014
Concept
- KYC3 launched a solution to manage compliance and counterparty risk
- The platform uses big data to search information on clients against applicable lists (PEP, OFAC…)
- The data collected can also be used to create relationships network maps on clients with specific criteria
- The luxembourgish company is incubated at BNP Paribas accelerator as of 2016
Consumer Benefits
- Exhaustiveness: all informations related to KYC AML/FT on one platform
- Instantness: applicable lists on KYC as OFAC and PEP updated instantly on the Platform
- Powerful: KYC3 is able to create more than 10,000 reports per hour
How It Works
- Customers can subscribe online and adjust the settings regarding to their needs (ex. # of reports downloaded per hour)
- Once the search engine has found information on the targeted client, a PDF report can be accessed and downloaded
- The report includes all information related to KYC and a map of the clients relationships network
- Subscription is based on a monthly or annual basis, on the clients own convenience and needs