Arachnys and FICO Partner to Aid Financial Organizations in Managing Corporate KYC Requirements and Accelerating Compliance Processes
This new partnership will enable financial organizations and their customers to benefit from a faster and smoother onboarding experience and enhanced record management. Arachnys and FICO combined help to significantly increase operational efficiency and reduce costs through intelligent automation while also enabling improved compliance process outcomes and lower false-positive rates.
Arachnys' cloud-native solutions provide more than 23,000 curated data sources in over 90 languages to enable quick and simple onboarding, enhanced due diligence, AML alert investigation and refresh of customers and counterparties. The FICO® Siron™ KYC solution leverages this accurate data to effectively manage the customer lifecycle, improve list matching and risk scoring, and enable firms to maintain regulatory compliance.
"The open architecture, risk knowledge management and comprehensive capabilities of the Arachnys platform provide effective solutions for a wide variety of customer risk evaluation use cases," said
"Arachnys' ability to provide best-in-class and highly efficient investigation capability is highly complementary to our Siron suite," said
FICO® Siron™ Anti-Financial Crime Solutions is the most widely used KYC, AML and Embargo software in the world, with more than 1,200 installations in over 90 countries.
Arachnys helps the world's banks and corporations have confidence in the people they do business with, enabling fast, high quality and defensible risk decisions about their customers and counterparties for KYC, AML and EDD. We provide the world's largest library of risk relevant data, streamlined and automated processes, and near instant deployment.
Arachnys is the registered trademark of Arachnys Information Services, headquartered in
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in
Learn more at http://www.fico.com.
FICO and Siron are trademarks or registered trademarks of
View original content to download multimedia:http://www.prnewswire.com/news-releases/arachnys-and-fico-partner-to-aid-financial-organizations-in-managing-corporate-kyc-requirements-and-accelerating-compliance-processes-300920216.html
Lynne Morrice, firstname.lastname@example.org, +44 (0)7973 143330, Corporate Communications, FICO, or Darcy Sullivan, email@example.com, +44 (0) 207-940-0244