KYC EXCHANGE NET

KYC Exchange Net AG’s communication platform KEN has been developed by highly experienced industry professionals with significant knowledge of FI Relationship Management, Transaction Banking and KYC Compliance. Their sole objective is to rationalise and standardise those elements of the KYC process which are common to all banks, thus enabling banks to save cost, to improve efficiency and to allow the financial industry to maintain and monitor a globally connected network of correspondent banks... and relationships. KEN is designed as a front-office system that enables Relationship Management or Client-on-boarding Teams to obtain KYC data directly from their clients. There is no outsourcing, no need to rely on third party vendors and no interference with internal policies and procedures. KEN facilitates the exchange of up-to-date and tailor-made KYC information - fast and efficiently, with audit trails, and in an electronic-process-friendly format. The system is dynamically built and able to adapt to changes in best-practice, and KYC Exchange Net AG works closely with the Financial Industry and the regulators to ensure that the quality and depth of the framework that is provided by KYC Exchange Net AG will at all times meet regulatory requirements.More