Bankers Almanac: KYC API

As demand for more efficient Know Your Customer (KYC) assessments on your counterparties continues, Bankers Almanac Risk & Compliance Portfolio offers a variety of delivery options to meet your organisation’s data requirements.

Our NEW Bankers Almanac: KYC API will support large-scale KYC operations by integrating Bankers Almanac counterparty risk insights into your internal systems, providing a greater level of automation.

This is an ideal way to scale up your KYC data retrieval, with the following benefits:

  • Increased efficiency – with > 95% of data collection automated, it significantly reduces the manual time you spend searching for banking intelligence
  • Increased accuracy – continue to access the quality and breadth of data needed for your correspondent banks, in a more efficient and timely manner
  • Increased effectiveness – allow your Know Your Customer (KYC) analysts to focus on risk-based decision-making, instead of just data collection
  • Reduce the overall lifecycle management of reviewing current and or/prospecting new counterparties

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Benefits

By purchasing the application programming interface (API), you will gain access to the database of Bankers Almanac: Counterparty KYC and Bankers Almanac: Ultimate Beneficial Ownership with links to Bankers Almanac: Due Diligence (if you wish to view and download the documentation you will need to purchase licences for Bankers Almanac: Due Diligence).

Your organisation can:

  • Enhance the information you already have on a counterparty
  • Streamline the collection of financial counterparty KYC data and due diligence documentation, reducing time spent on manual and repetitive tasks
  • See a financial institution’s ultimate beneficial owner and assess their risk with data and proof documentation
  • Maintain a holistic view of a counterparty by using accurate intelligence that we proactively requested from the counterparty and is updated on a regular basis

Also available....

Bankers Almanac: Due Diligence

A single, central source of primary documents including ownership and AML policy documents and procedures to support you when conducting due diligence checks on your counterparties.

We gather our documentation directly from financial institutions, central banks and regulators.