Digital Business Solutions | KYCOS

KYCOS® is a single-window platform offering KYC-as-a-Service for regulatory compliance, risk management, monitoring, and audit. The platform assists institutions, regardless of their size, sector, or geographical location to better manage their regulatory requirements related to laws and regulations.
KYCOS® uses advanced AI-based technologies and intelligent matching algorithms. It meets the requirements set in the GDPR 2018.
These things combined provide a solution that manages to simplify the KYC process whilst being compliant with new regulations and helps to make informed decisions to prevent damage to the business reputation.

Our solutions

We help you work!

As COVID-19 continues to impact communities globally, companies have to take urgent measures to ensure the continuity of their businesses, as well as the safety of their employees, partners, and customers around the world.

Our mission is about empowering companies with vital high-availability automation tools to achieve resilience and maximum efficiency. As a SaaS company, we allow you to seamlessly continue the onboarding and ongoing process of KYC and AML by using our remote Know Your Customer software, KYCOS®.
The shift to remote working is one of our founding concepts. This is an unprecedented time for all of us. We will continue to innovate the products and services we deliver and the value we provide to our communities, and we will serve as an example of what is possible in the digital age. Our focus, as always, will be to deliver value to our customers and partners worldwide.

We are fully committed to maintaining our business operations at the highest levels. We are equally committed to ensuring you receive the highest quality service without disruption. If you want to use our software or you have any questions, please contact us.

Digital customer onboarding

Based on the internal policies of each company, KYCOS® searches using intelligent process automation and artificial intelligence structured and unstructured sources of information to automate KYC/AML processes for smooth customer onboarding and regulatory compliance.

KYCOS® has been developed according to a single-window concept. That is why KYCOS® is seen as a cost and time-effective workflow-based enterprise platform for customer onboarding. The advantages of this concept are: it brings all your KYC affairs together efficiently in one place, it offers consistent data worldwide, it helps to minimize your risks and it speeds decision making.

geavanceerde-wwft-onderzoekAdvanced research analysis
KYCOS® is an interactive KYC platform for real-time and automatic client screening against official information databases and proactive monitoring. The platform is facilitating an accelerated client onboarding. With KYCOS®, companies can easily perform complex screenings at competitive rates.

snellere-acceptatieAccurate assessment
KYCOS® provides the necessary tools to execute an unbiased, in-depth compliance investigation and a correct risk assessment. Know Your Customer in KYCOS® means automated screening with high precision matching to quickly determine the risk assessment. The software ensures a faster customer acceptance process and also sets up an effective solution eliminating unnecessary redundant screenings for customers occurring in different systems of the same enterprise.

ai-machine-learning-technologieNext-generation screening technology
KYCOS® uses advanced AI for analyzing Big Data and transforming data into valuable information. The software is also using Machine Learning and various fuzzy matching algorithms to significantly reduce irrelevant notifications. The search and filtering process has been automated and optimized as much as possible, giving the analyst more time to investigate who the client is and not to spend all his time searching for news sources and structured databases.

More about KYCOS

Why choose KYCOS

Some reasons to use KYCOS® for your business as a reliable KYC solution:
* very user-friendly and modern software with intuitive design;
* available online anywhere, anytime;
* automated investigation and proactive monitoring;
* audit trail;
* personal training & support.

Experience the attributes of KYCOS® for yourself. Contact us today!

Reliable data analyses

KYCOS® consolidates multiple data available worldwide, improving the speed of onboarding and the compliance process. Data that can be trusted, accessed, analyzed, and interrogated when and how it’s needed.
The important elements, including UBOs, PEPs, sanctions, and negative news are identified and verified in seconds.

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KYCOS® helps you make smarter decisions through analyzing risks related to different types of AML data sources:

Global Sanctions & Watchlists Screening
With the compliance solutions offered by KYCOS®, you perform effective screening for your clients and their relations against all important national and international sanction lists and different official investigation lists that are updated in real-time. Automatic and advanced searches are performed. Also can be realized a link with your blacklists. To make a correct and reliable assessment of your research, several country risk indicators have been added.

PEP data / UBO check
KYCOS® uses the content of some global databases that contain PEP records from 200+ countries. All PEP profiles are enriched with additional information from other sources. The new Corporates Discovery Service from KYCOS® contains company information of companies and corporates worldwide including UBO, directors, and disqualified directors’ information.

Adverse Media
The dynamic nature and volume of negative news make it almost impossible for analysts to process all related risk data generated online every day. By using the latest technologies, such as machine learning, KYCOS® makes it possible to identify the relevant risks more efficiently and cost-effectively. The search results are presented so that the compliance team can make a quick and easy assessment.

Proactive monitoring

The Monitoring module of KYCOS® allows you to proactively manage your compliance portfolio. This gives you quick and easy insight into changes in your client’s situation. The data collected from a client is kept up-to-date through the execution of this service.
The Monitoring service of KYCOS® uses an optimized Machine Learning algorithm that ensures that your client and his relations are periodically re-screened against the latest updates. In this way, KYCOS® helps you to meet your legal obligations.

Audit trail

The dynamic audit module offers proof of adherence to KYC policy en full traceability of the implementation of the AML investigation. Every decision and activity taken is recorded in the audit trail. This information can be assessed by internal auditors and supervisors to understand decision-making processes.
KYCOS® provides transparency by easily identifying all critical moments in the compliance process, the measures taken, the availability and reliability of the information sources used.

For whom?
Available for all institutions subject to AML that are supervised and regularly have to prove the adequate implementation of the legal requirements and correct regulatory compliance.

Key benefits:
• Saving audit costs with an out-of-the-box functionality: the automatic saving of all records improves data quality, generates greater operational efficiency, and lowers compliance costs.
• Limit exposure to regulatory and reputational risk: a proven compliance process that provides accurate accountability is evidently minimizing risks for companies.

Company

“Without risk there is no success. But how much risk do you need to be successful?
We help you use opportunities proactively in a responsible manner.” 

KYCOS provides regulatory compliance solutions as-a-service for financial institutions through enabling innovative technology.

Our solution
Our platform is designed to help companies that are required to collect and evaluate KYC/AML data, by providing tools to automate the collection, continuous update, selection, and assessment of information related to their clients and track business integrity online and in real-time which saves time and money over traditional methods.

Our vision
We strive to become the most reliable provider of regulatory compliance solutions for financial institutions by simplifying the KYC/CDD process and bridging the communication gap between supervisors and supervised using innovative technology. KYCOS will be the key accelerator for firms in meeting increasing regulatory expectations just in time.

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