AN UNIQUE COMBINATION OF KYC COMPLIANCE AND DATA RETRIEVAL KNOW-HOW

daura, a platform for digital management of investments and financings for both companies and investors, is now cooperating with KYC Spider and relies on their comprehensive toolbox for reliable digital compliance and onboarding processes. This is modular and can be integrated seamlessly into individual processes, apps and web browsers as a stand-alone version, via web access or fully automated via an API interface. The toolbox is both fully compliant and audited from a regulatory perspective, while meeting all data protection requirements. Customers, suppliers and business partners can thereby be identified remotely and checked for sanctions, money laundering and ESG risks within seconds. KYC Spider brings corporate governance and investor relations functions into the digital age with daura's digital share register and virtual general meetings - simply, securely and efficiently. 

For more information, visit www.daura.ch.

KYC Spider is pleased to announce a new partnership with Abacus Research AG (hereafter "Abacus"). Abacus is the leading Swiss producer of business software for SMEs with around 700 employees.

Risk management in dealing with new and existing business partners, such as customers, suppliers or investors, in banking also called "Know Your Customer" (KYC) / "Know your Business" (KYB), is continuously gaining importance for every company, even outside the financial services industry, and takes up more and more time. It is also advisable to establish a clear set of compliance rules for dealing with customer and supplier risks. This can be done most effectively and efficiently with the help of technological software solutions.

For new as well as for regular risk checks of business relationships, Abacus now offers its customers of the "Abacus Deep" generation the possibility to perform risk checks for all or only selected addresses (customers, suppliers, business partners) directly from the Abacus system, integrated and very efficiently, within milliseconds, as well as to view and store the respective risk rating.

KYC Spider AG is cooperating with CURENTIS AG with immediate effect and can now offer customers not only digital, automatable compliance solutions but also consulting services on compliance and risk management topics. CURENTIS is a consulting company specializing in anti-money laundering ("AML") and anti-financial crime ("AFC") consulting in Switzerland, Germany and Luxembourg.

About CURENTIS
CURENTIS AG is a product and consulting company for the compliance topics of anti-corporate crime as well as anti-money laundering. In the fight against money laundering, CURENTIS offers consulting services in the following areas:
- Know Your Customer / Know your Business Partner / Due Diligence
- Transaction monitoring and screen listing
- Implementation of new regulatory requirements
- Process optimization and automation
- Risk analysis, controls, policies and reporting

For more information, please visit www.curentis.com.

The future of decentralised identity management has some particular challenges and requires exploring uncharted territories. Therefore we are very happy to work with our partner IAMX, a leading provider of token-based identity solutions on Web3 technology. The IAMX self-sovereign identity solution in combination with KYC Spider's digital compliance services creates an important basis for implementing SSI concepts in concrete terms and making digital identifications reusable - always under the premise that the end customer decides who is allowed to view or receive which data. To support widespread adoption of blockchain, it’s important to create a space which is safe and easy for participants. Robust and effective KYC/KYB practices support the manifestation of a safer blockchain space because people are less likely to engage in illegal or otherwise socially destructive behavior when their actions are linked to their identity, even if indirectly. In this regard, KYC Spider’s CEO Bruno Kellenberger and the CEO of our partner IAMX, Tim Heidfeld, were interviewed on the topic of digital identity and KYC in the context of the Cardano Summit 2022. The interview was conducted by Peter Bui, a well-known Cardano Ambassador. The almost 30-minute video explains in a simple way how KYC can be easily integrated in a Web3 context.

KYC Spider is pleased to announce a pivotal new partnership with IAMX, a leading provider of token-based identity solutions on Web3 technology. 

The partnership is a major step forward and enables KYC Spider to map traditional services such as customer remote identification as well as KYC/KYB verifications to wallets in a decentralized manner as part of self-sovereign identity (SSI) concepts. With these digital entities, end customers can identify themselves in traditional e-commerce, or invest in any tokens via various blockchain networks, and comply fully with international regulatory requirements. DeFi providers can thereby ensure that their customers meet all of regulators' requirements for identification and KYC/KYB without necessarily viewing or knowing about the customer data themselves (zero knowledge proof). 

KYC Spider has featured in the AI success stories series of the LAC2, the Lucerne AI and Cognitive Communitywhich aims to support firms and individuals in Central Switzerland in the application of AI technologies. In this article you find out a lot about KYC Spider and its application of ML and AI technologies.

 With a click on the picture, you will get to the interview. 

At irregular intervals, KYC Spider comments on current compliance topics on the market, which are highlighted in interviews with our CEO Bruno Kellenberger.

In this Digital Compliance Insight Talk, we will discuss the extent to which a Software-as-a-Service (SaaS) software deployment model is also suitable as compliance software and what the main differences are compared to an on-premise installation.

Software-as-a-Service (usually abbreviated SaaS) does not necessarily mean that customer data is stored in a public cloud somewhere in the world, but primarily defines the model of how the software is operated and who takes responsibility for a smooth operation. Typically, the software provider is responsible for the operation and also ensures that all relevant updates to data or even the software are made available to all customers in a timely manner. 

Watch the video on this topic here. Duration approx. 10 minutes.

At irregular intervals, KYC Spider comments on current compliance topics on the market, which are highlighted in interviews with our CEO Bruno Kellenberger.

The first Digital Compliance Insight Talk is about compliance for fintechs, but also about how new aspects such as cryptocurrency compliance can be relevant for traditional asset managers or banks.

Learn more about regulations that apply in particular to fintechs or crypto companies that serve investors in Switzerland - for example, in the context of initial coin offerings or brokerage services.

Or to the challenges for traditional financial service providers, for example when clients want to transfer assets generated by crypto investments into traditional investments.

Click on the image to go to the interesting insight talks.

We are very excited to be now a member of the OpenBankingProject Initiative in Switzerland and therefore part of the next level of digital ecosystems which is already being lived at KYC Spider daily. The OpenBankingProject (OBP) creates common industry standards which fosters collaboration in ecosystems.

On 1 August 2021, DLT Act became fully into force. Gaby Hui, Merkle Science’s Director of Communications, spoke with the panelists Bruno Kellenberger (CEO at KYC Spider AG), Ekaterina Anthony (Board Director at Crypto Valley Association and Compliance Expert at GWP geissbühler weber & partner), Lars Hodel (Head of Legal & Compliance at Bitcoin Suisse AG) about the implications of these regulatory changes on crypto businesses looking to domicile in the Swiss crypto haven.

Find out the five key takeaways that crypto businesses should keep top of mind in the full article.

For those who missed the live discussion, the full webinar can be listen on Youtube under "Merkle Science RegWatch: Swiss Crypto Regulations Roadmap".

For financial companies, digital queries and bots are important assistants, especially in the area of compliance. For example, KYC Spider also uses an onboarding chatbot, which improves the onboarding of new customers by financial intermediaries. You can find out more about the smart assistants and other toolbox functions at kyc.ch/en/toolbox.

The chatbot was developed by Eurospider. Peter Schäuble, founder of Eurospider, talks about digital assistants in this interesting podcast.

Click on the image to get to the podcast.

After more than two years at KYC Spider, Miki Vayloyan will hand over her position as CEO to Bruno Kellenberger as of spring 2021.

Thanks to his expertise and experience, he is the ideal person to join the Board of Directors in accelerating our vision - KYC Spider as the leading KYC platform in Europe.

For more details, please read our official announcement.

Click on the image to go to the official announcement.

In the age of Fintech and digital banking, traditional paper-based KYC checks are rapidly becoming obsolete, lengthening the onboarding process and negatively impacting the customer experience, ultimately leading to the abandonment of onboarding.

The KYC process has changed from one-to-one identification to digital KYC checks. Holistic KYC ecosystems are the new path for the institution's compliance processes.

The KYC 4.0 platform of KYC Spider was developed based on a holistic approach to digital compliance, with a unified digital KYC ecosystem.

Read the whole Fintechnews article by clicking on the picture.

SIPUGday 2020 goes digital!

Where experts in information and systems technology, particularly in the areas of stock exchange information and transaction systems, and suppliers of infrastructure systems for trading facilities come together.

As a pioneer in the field of RegTech, we had the privilege of participating in this year's StartUp session. Thank you very much for the opportunity to present KYC Spider and our solutions!

You can find out more about SIPUG - Swiss Information Providers User Group - at sipug.ch.

Click on the picture to learn more about SIPUGday 2020.

Would you like to get an overview of the risk assessment of a specific country with just one click?

This is possible with the current Country Risk Index available in the KYC Toolbox: kyc.ch/en/toolbox. This is published in cooperation between KYC Spider and MME | Legal | Tax | Compliance. 

Read the whole article now and click on the picture.

In 2014, Germany was one of the first countries worldwide to allow video identification. Today, digital customer onboarding has become firmly established in the financial sector in Germany.

Parallel to the establishment of digital onboarding in Germany, an eKYC industry has developed. In Germany, several startups are active in the field of video identification and e-signing solutions. 

KYC Spider, based in Switzerland, is one of the interesting startup companies. KYC Spider serves the European markets, including Germany and Austria. Learn more about the eKYC solution from KYC Spider at kyc.ch.

Click on the image to read the full article.

Digital KYC is the best solution for banks to offer secure, regulatory and fast compliance requirements. With tech such as AI and APIs, the entire KYC process can be automated and all the data stored on the cloud, drastically lowering the cost of onboarding customers. In addition, a transparent and secure digital onboarding process increases trust with customers and improves the whole customer experience.

However, creating an eKYC system from the ground up can be costly and time-consuming for bank incumbents in Switzerland, which is why many are partnering up with Fintechs that focus solely on eKYC. KYC Spider also offers an eKYC solution that helps customers with digital onboarding, automation and risk management.

Click on the image to read the whole article.

We congratulate YAPEAL, the first licensed Fintech in Switzerland, on the launch of the digital wallet! Have a look at yapeal.ch.
 
We are very pleased to support YAPEAL with our Digital Compliance Services and eKYC solutions in the verification of customers and suppliers.
 
Get to know the advantages of Digital KYC for your compliance processes.

Click on the image to get the presentation.

The Zug RegTech KYC Spider is also one of the gamechangers of Swiss Banking!

KYC Spider stands for digital compliance solutions and automates the KYC process of financial intermediaries to the highest degree. This is made possible by an AI-supported toolbox, combined with a proprietary curated database for high-risk clients.

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KYC Spider uses artificial intelligence to reduce the time and cost of the KYC process for financial intermediaries by up to 80 percent.

Miki Vayloyan, CEO KYC Spider

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Learn more in the exciting interview with KYC Spider CEO Miki Vayloyan.

Click on the image to read the interview.

The Zug-based Regtech KYC Spider, with best relations to the Zug-based "Crypto Valley", has appointed Tobias Unger to the board of directors. He was once the operational head of Falcon Private Bank and CEO of the banking software company Avaloq in Switzerland. 

The doubling of turnover is also worthy of mention. According to its own figures, KYC Spider was able to increase turnover by 70 per cent last year; the start-up is also registering more enquiries in the wake of the digitalisation drive triggered by the Corona pandemic. 

Click on the picture to read the article.

As can be seen from the example of Zurich Insurance, digital identification is becoming increasingly important in the world of KYC 4.0. Also with regard to the User Journey.

KYC Spider also relies on digital identification. Specialists are needed to ensure that this works simply and securely. KYC Spider has found these specialists in Intrum and its eIDent service.

The partnership, which has now been working very well for more than a year, is based on mutual trust and open and fair communication. KYC Spider, specialised in KYC and compliance processes and thanks to its extensive know-how and the latest technologies one of the leading KYC providers and Intrum, global market leader for credit management services and pioneer and market leader for digital identification and signing in Switzerland, complement each other in a meaningful and complementary way. A win-win situation for both sides!

Click on the picture to learn more about digital video identification.

The Zug-based Regtech KYC Spider, with best relations to the Zug-based "Crypto Valley", has appointed Tobias Unger to the board of directors. He was once the operational head of Falcon Private Bank and CEO of the banking software company Avaloq in Switzerland. 

The doubling of turnover is also worthy of mention. According to its own figures, KYC Spider was able to increase turnover by 70 per cent last year; the start-up is also registering more enquiries in the wake of the digitalisation drive triggered by the Corona pandemic.

Would you like to read the whole article? Just click on the picture.

Miki Vayloyan was nominated by Oscar Neira for the Fintechnews.ch series, in which well-known Swiss Fintech influencers give a short interview. Read the interview in which Miki Vayloyan answers 7 interesting questions about current topics and Fintech trends. 

Click on the picture to read the interview.

KYC Spider AG successfully held its annual general meeting on 15.06.2020 digitally and with direct participation of its shareholders. The general meeting was configured online via the daura platform in advance.

With the automated workflow, the shareholders entitled to vote could be informed digitally and invited to the general meeting. The shareholders received a so-called "token" as a digital strimm right pass, which enabled the clear identification, a real-time voting and a direct evaluation of the voting for the company and its shareholders in real time. The results were logged on the daura block chain infrastructure, which is operated by Swisscom and Swiss Post. 

Our conclusion is consistently positive. At this point we would also like to thank MME Legal | Tax | Compliance, who has been acting as legal Partner.

KYC Spider was nominated by Oscar Neira, Codd & Date Suisse, for the Fintech Influencer Switzerland Interview Series.

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Please nominate a Global Swiss Fintech Influencer for one of our next interviews:

I nominate financial market and data protection lawyer Cornelia Stengel and/or Miki Vayloyan, CEO of KYC Spider.

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The exciting interview on "7 Questions to KYC" will soon be available here in our KYC Spider News.

Click on the image to read the article.

FinTechs, InsurTechs or RegTechs are often specialized in technologies that can bring immediate benefits to established large companies.

If some companies have what others need in the B2B sector, this paves the way for cooperation at eye level. A current example is the collaboration between KYC Spider and Zurich Insurance.

Click on the image to read the article.

Zurich Insurance is reacting to the Corona Lockdown. Life insurance policies can now be taken out online. The identification process is handled by the showcase Regtech from Zug, KYC Spider.

Click on the image to read the article.

Zurich Switzerland is using the Corona crisis to make its online sales of life insurance more attractive. Customers can now identify themselves securely using a digital process. Zurich has outsourced the secure identification process via smartphone video to the Zug-based company KYC Spider, which specializes in this area.

Click on the image to read the article.

Read our latest knowledge article to learn how you can simplify your compliance and KYC processes and focus on your core business.

Click on the image to read the article.

In an interview with finews.ch, Miki Vayloyan explains how KYC Spider's user-friendly compliance solution for financial intermediaries is able to hold its own even among industry giants and how the company is developing.

Click on the image to read the article.

FINMA regulations have changed with the new year. In our KYC knowledge article, we have summarised what you need to know about the new FINMA regime for small banks:

• Who can benefit from the regime for small banks and the simplified rules

• Implementation of the regime for small banks as of 1 January 2020

• Facilities and exemptions for participation in the regime for small banks

Click on the picture to read the article.

Fintech News Switzerland just selected our CEO Miki Vayloyan as one of the key CEOs worth following in 2020!

We are deeply humbled and suggest you also check out all Fintech peers from YAPEAL, Ledgy, Tradeplus24, Monito.com, Futurae Technologies AG und Apiax.

Click on the picture to view all Top Fintech CEOs.

Next week the Singapore Fintech Festival will take place. We from KYC Spider are also there and are already looking forward to many interesting conversations about Digital KYC at Fintech. We are happy to keep you up to date with the most exciting projects and news on our social accounts. 

Click on the picture to access our LinkedIn profile with updates from Singapore.

What makes the Digital Maker? From our point of view, the openness to new things is clear. Because changes open up new paths and offer opportunities for innovation.

As one of the digital makers in Switzerland, Miki Vayloyan tells MoneyToday in an interview about her career and gives us a valuable tip.

Click on the picture to view the interview.