Oh great, only 100 KYC requests to go, easy! No one ever said that
Use the KYC company information that your client has stored in its CoorpID vault as the starting point for your desktop research and minimise the client outreach. The product features CoorpID is offering are often initiated and after that validated through close customer contact.
Reaching out for KYC requests has never been this easy
Due to increasingly stringent Anti-Money Laundering and Anti-Terrorist Financing regulations, Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements have become more and more time-consuming, costly, and onerous for both clients and financial institutions.
By providing a tool that streamlines and accelerates the KYC outreach process, CoorpID aims to minimise the KYC burden for both corporate clients and financial institutions.
We are CoorpID - We aim to minimise the regulatory KYC burden for financial institutions and corporates
Job den Hamer | CEO CoorpID
Client outreach
Handle the whole client outreach information gathering process in a highly efficient, well-structured and secure manner
Store information
Use the KYC information that your client has stored in its CoorpID vault as the starting point for your desktop research and minimise the client outreach
Send targeted information
Send targeted information requests to clients to obtain the required KYC information for each individual corporate entity
Avoid email
Avoid communicating and exchanging confidential and sensitive information via email
Integrated workflow
Easily integrate CoorpID with your existing KYC workflow systems by logging in through the browser or using an Application Programming Interface (API)
Standardise outreach
Standardise your information requests using the best practices incorporated in CoorpID
Customer experience
Improve the KYC customer experience and customer journey
KYC requests are complex enough as it is.
Why make it even more difficult?
Save up to 25% of your time per KYC review
What would you do with a 25% time savings on handling KYC requests? Take a break? Have an extra walk around the park? Or catch up with other work?
The product features CoorpID is offering are often initiated and after that validated through close customer contact. Here’s an overview of the most important features we have built for and together with Financial Institutions:
Relationship overview
In the CoorpID platform you can create a new relationship with a corporation and can request information from this corporation, such as financial statements, certifications of incorporation or other highly confidential documents that cannot be send by email. You can invite multiple entities within one organization for multiple KYC reviews at the same time. Through the platform, you can comment on provide information and request additional information. This way, you can keep your information request structured.
User & Teams Management
KYC analyst jobs are one of the worlds biggest growth areas. So you will have a lot of new hires, and thus changes within your workforce. Through the user management system of CoorpID, you can keep track of your users, assign roles, enable and disable access and delete their account information.
Your customers might have decentralised business units or different entities. You can link your users to teams that are assigned to different clients or business units.
Review page
Easily monitor the status of the information requests that you have sent via the ‘Review Page’ that contains a detailed overview of the information that you have requested from each entity and the status of this information request. You can edit information requests and ask for additional information. You can reopen a review anytime and request whether the information is still applicable by simply checking the check box.
Guided Review Editor
The Guided Review Editor is a step-by-step editor to help you create a (multiple entity) review to request information from corporate clients and their various entities.
With the Guided Review Editor, you can prepare and send a first-time information request in five easy steps.
With CoorpID, banks and other financial institutions can:
Request & structure KYC documents
- Handle the whole client outreach information gathering process in a highly efficient, well-structured and secure manner
- Use the KYC information that your client has stored in its CoorpID vault as the starting point for your desktop research and thus minimise the
client outreach and improve the customer experience
Send & Receive notifications
- Send targeted information requests to clients to obtain the required KYC information for each individual corporate entity
- Avoid communicating and exchanging confidential and sensitive information via email
- Standardise your information requests using the best practices incorporated in CoorpID
Track & Trace KYC documents
- Remain in control over who has access to the information of your clients
- Automatically record all document exchanges and build an audit trail
Integrate in current workflow
- Easily integrate CoorpID with your existing KYC workflow systems by logging in through the browser or using an Application Programming
Interface (API)
Collaborate & Delegate
- Streamline collaboration between departments and teams
- Collaborate across entities when handling multi-entity KYC requests
- Assign roles and delegate tasks to colleagues in CoorpID
