Arachnys, the leading provider of cloud-based solutions for assessing financial crime customer risk and ensuring compliance for regulatory CDD, KYC and EDD requirements, have partnered with Thomson Reuters to provide access to World-Check data via their risk and compliance process technology, Arachnys D3.
Arachnys D3 clients with a Thomson Reuters World-Check subscription will now be able to perform risk and compliance checks across the World-Check database while automatically populating a downloadable audit trail.
“The integration of the World-Check content allows us to better service our rapidly expanding customer base within top tier financial institutions,” said Edo de Vries Robbé, VP Partnerships & Strategy, Arachnys.
“We are very happy with the addition of World-Check to our already long list of premium content integrations. Thomson Reuters’ content sets are part of many of our customers’ KYC, EDD and AML workflows.”
Thomson Reuters World-Check is a highly structured database of intelligence on heightened risk individuals and organisations.
Widely adopted by the world’s largest financial institutions and corporates, World-Check supports the Know your Customer and Third Party Risk compliance process in areas such as PEP monitoring, sanction screening, AML/CFT risk, and anti-bribery and corruption.
“The financial industry is working together to ensure criminals are denied access to the global banking system. Collaborations such as these give financial firms easier access to risk-relevant information on individuals and organizations, from official sanctions to enforcements,” said Anubhuti David, Global Head of Risk Intelligence & Financial Crime. The integration of World-Check content into Arachnys’ 3D platform is a further step in helping financial firms to combat crime globally.”
The Thomson Reuters World-Check integration adds to the suite of datasets available in Arachnys D3.
Arachnys is the leading cloud-based solution for assessing financial crime customer risk and ensuring compliance for regulatory CDD, KYC and EDD requirements. The Arachnys D3 platform is adopted by 3 of the world’s top 10 financial institutions, and 4 of the top 10 accountancy companies. Arachnys harnesses data across 21,000 sources, 215 countries and 80 languages into a single cloud platform to accelerate customer risk assessment, reduce operating costs and accelerate topline revenue.
Arachnys is the registered trademark of Arachnys Information Services, Ltd.
About Thomson Reuters
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, visit www.thomsonreuters.com.
To learn more about Arachnys D3, please visit our website.
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