Award ceremony
March 3, 2023
On March 2nd, Job den Hamer and Hans Driessen received the the TMI – Treasury Management International Award 2022 for Innovation & Excellence in the
Reduce the KYC burden and streamline the client outreach process
Banks and other financial institutions are having to comply with increasingly strict Know Your Customer (KYC) requirements when onboarding customers, performing reviews, or providing new products and services. As a result, they have to contact their corporate customers frequently to request company information. Especially the client outreach process is often a very time- consuming, burdensome and costly process for financial institutions and their customers. Customers have to respond to these requests timely and make sure that they provide up-to-date information to each financial institution. This can become a real challenge, in particular, for multi-entity corporations that operate across several geographies and have multiple banking relationships.
CoorpID is a digital vault for requesting and tracking KYC documents
Financial institutions are required to implement extremely stringent KYC procedures which, in turn, result in an increasingly onerous KYC burden for their corporate clients. But the process of providing KYC-related documents to banking partners continues to become increasingly complex, time-consuming, and difficult to manage. In 2018 CoorpID was founded and initiated by ING. The purpose of CoorpID is to minimize the KYC regulatory burden so that financial institutions and large corporations can focus on their core business.
Reduce the KYC burden and streamline the client outreach process with CoorpID
Stay in control
Track status and control of KYC review requests
Colaborate
Work together with your client on every KYC review
Store
Use KYC information that your client has stored in its CoorpID vault
Integrate
Easily integrate CoorpID with your existing KYC workflow systems
The future of KYC requests and our mission
Increased regulations require banks and other financial institutions to frequently have to check their corporate clients to provide KYC information that enables them to be trusted. We make this document exchange process easy and secure, saving time for both parties.
Reduce the KYC burden by using our secure digital vault and document management tool to exchange KYC- related documents and information. With CoorpID, you and your corporate clients can streamline the KYC compliance process, reduce repetitive manual tasks, avoid errors, save time and cut costs: a win-win situation for both parties.
Our mission is to minimizing the regulatory KYC burden for financial institutions and corporates.
Global collaboration
Inter-departmental collaboration across the globe
Easy to set-up
Plug and play without IT involvement
Focus on what matters
25% average timesaving per KYC review
Safe & compliant
Encrypted storage, GDPR proof and servers that are stored within Europe
CoorpID offers a solution-driven approach: an innovative tool with which financial institutions can streamline and standardise their KYC data collection process and significantly reduce points of friction in the client outreach process. CoorpID is a centralised, secure digital repository that corporate clients can use to store, structure, track, and exchange KYC-related documents with multiple financial institutions and business partners. CoorpID is a plug and play web-based tool and can easily be integrated into the bank’s existing workflow tools.
It is equipped with bank-grade security and Chinese walls to control access to information. CoorpID has already won several awards and was selected winner at the Global RegTech Summit Virtual 2021. CoorpID is currently being rolled out in 14 countries throughout EMEA and is being used by more than 500 corporates from a wide range of industries to exchange KYC-related data with multiple banks and business partners.
These companies use CoorpID
With CoorpID, both financial institutions and their corporate clients can reduce repetitive manual tasks, avoid errors, save time, and cut costs. See what some of our clients are saying about using CoorpID.
“CoorpID clearly adds value for Hapag-Lloyd, we can use it as a central repository and manage our KYC process at the same time. In addition, we can share relevant information straight away with just one click on a button.“
Thomas HenrichsSenior Director, Asset & Structured Finance, Hapag-Lloyd AG 
“CoorpID is an ideal tool to streamline and standardise the information-gathering process. ING uses CoorpID as part of our KYC improvement journey as it helps to reduce the KYC compliance burden for both customers and the bank.“
Anthony van Vliet Global Head KYC ING Wholesale Banking 
“Managing KYC requests has never been this easy. Thanks to CoorpID, we are saving time and increasing the efficiency of our whole KYC process.“
Caroline CalabreseCompliance Manager, Lundin Energy 
“CoorpID's central system helps us save time and enables us to share documents swiftly, securely and easily.“
Compliance OfficerZeeman textielSupers 
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Latest insights
As constructive rebels, we balance expertise and experimentation to create the best possible user experience for our users. To keep up with the market, we regularly post insights, user stories and other news items.
Know Your Customer (KYC): from As-is to To-be and Beyond
February 28, 2023
Loes Bomans, Head of Product Development at CoorpID, shines a light on where Know Your Customer (KYC) stands now and what we can expect from
And the award goes to…
January 30, 2023
Yes we did it!! 🎉 We won the TMI – Treasury Management International #Award 2022 for Innovation & Excellence in the category ‘Best Customer Experience’!!