KYC SPIDER TOOLBOX UPDATES

Get relevant information on the latest product updates and newest compliance solutions from the KYC Spider Toolbox.

Media Check
With the Media Check we offer you another tool with which you can check your (potential) customers and business partners for general Google and Internet entries as well as general media news including social media channels. This tool is ideal to get a first, general media impression and overview of a person as well as a company or assists to complete a customer dossier.

ESG Due Diligence Assistant
Monitoring ESG (Environmental, Social & Governance) risks is becoming a new, additional compliance requirement. With the rejection of the Corporate Responsibility Initiative in Switzerland, the indirect counter-proposal will automatically come into effect, introducing new mandatory reporting requirements in the Code of Obligations and in criminal law. Depending on the size and sector of the company, it will have to account for environmental, social and employee concerns, respect for human rights, the fight against corruption and compliance with due diligence requirements for minerals and metals originating from conflict and high-risk areas, as well as for products or services with suspected child labor. As things stand, the complex new regulations will come into force in 2022, forcing companies to report accordingly for the first time for the 2023 financial year. In this respect, the management of ESG risks is gaining in importance not only from a company's reputation perspective, but also from a criminal law perspective.

Companies that are directly affected are those that source parts of their value creation externally and fulfill the relevant criteria in terms of size and industry. However, ESG risks not only play a central role in the review of supply chains in purchasing, but also complete a holistic view of legal entities in the customer base.

KYC Spider now offers the possibility to use the ESG Due Diligence Assistant to quickly and efficiently check your customers and business partners for relevant news and articles related to ESG topics or risks. After searching for the most relevant articles, you can rate and comment on them individually. The PDF report can then be downloaded or archived in the KYC Spider Toolbox as usual.

Enhanced Due Diligence (EDD) Assistant Update
Our popular Enhanced Due Diligence (EDD) Assistant has received a facelift and is now based on the same technology as the new ESG Due Diligence Assistant.

Would you like to try out our new features or stay informed about relevant compliance and ESG news and developments? Sign up now for a short demo appointment or for Compliance / ESG updates:

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KYC TOOLBOX UPDATES - TECHNICAL DOCUMENTATION

NEW

ONLINE IDENTIFICATION

We are pleased to introduce Online Identification, another tool for simple, fast and efficient identification of your customers.

Online Identification is available to your customers 24/7, facilitating even more flexible onboarding. Regardless of where clients are, which time zone they are in. Online identification, as well as identification via video, is carried out by our partner "Intrum" in accordance with legal requirements. The number of coins required varies depending on the selected Toolbox subscription and starts at 4 coins per identification.

Online identification is optionally available via website or mobile app. The system automatically guides the customer through the process and performs the following checks:

  • ID check
    The identification tool recognizes the ID document and automatically reads the personal data such as name, birthday and nationality.
  • Face recognition
    Images of the client’s face are then taken and compared with the ID document. In addition, the module checks whether the person is alive by turning the customer's head to the left and to the right. This creates a 3D model using a series of images, which is also used for identification.
  • Recognition of security features
    Finally, the security features on the ID document such as holograms are checked. When all security features have been successfully recognized and matched, verification is complete.

A detailed report on the successful online identification is displayed in the toolbox.

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WOULD YOU LIKE TO LEARN MORE ABOUT THE KYC SPIDER TOOLBOX?

We will be happy to advise you personally and look forward to hearing from you.

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KYC Spider AG
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CH-6300 Zug

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