Dec 22, 2014

From KYC Basics to KYC Utilities to KYC Big Data

KYC Passport 2.0 is available in January 2015 and adds Big Data to the KYC equation.

KYCnet’s industry acclaimed KYC platform was designed and built in late 2012 and 2013 by the KYCnet services team for the KYC services team. Having invented the idea of KYC-as-a-service in 2008, we had acquired the necessary experience, envisioned the ideal future-state and selected the right technology to build what has become the best KYC services platform in the world - KYC Passport.

Our teams quickly cracked the KYC industrialisation basics and then went on to implement the world’s only end-to-end Utility service - reference data, ownership verification, screening and risk assessment - in 2013 and early 2014: dozens of clients and tens of thousand of merchants, SMEs, private and public corporates and financial institutions housed in secure multi tenant clouds; existing and new clients all leveraging KYCnet’s services and systems operational excellence, economies of scale and industry best practices quality.

In its evolution from a KYC Rules and Workflow system to a KYC Multi Tenant Utility platform to a KYC Big-Data repository, KYC Passport has had more than a dozen major releases. The KYCnet services teams continue to provide our development team with regular guidance, daily testing cycles and immediate unit development feedback. We continue to use KYC Passport - all day, every day.

Passport Beta - the KYC basics
  • Case management and document repository
  • User configurable workflows, risk-levels and criteria, custom fields, questions and checks, relationship and parent trees, roles, assignments etc.
  • All developed with technology standard and secure PHP, MySQL & Linux

Passport 1.0 - a practical KYC Utility solution
  • Multitenancy KYC set-ups for dozens of clients
  • Onboarding and FATCA analysis
  • Temporary user creation and campaign management
  • ABC (Activity Based Costing) and Time Sheeting
  • Sprint project planning and burndown charting
  • Productivity & QA reporting
  • Public / Private data and Chinese Walls

Passport 2.0 - KYC goes Big Data
  • Elasticsearch - the worlds leading search technology, providing real-time indexing and 10x faster multi-tenant, full-text search
  • Companies’ Houses APIs - monitoring and real-time search, company reference and ownership information, filings and other documents
  • Laravel foundation layer - the most advanced, open and secure PHP development base
  • Cloud Memory tables - for blazingly fast in-browser search and filtering of user-customised sets of records - 10,000s at a time!
  • Real-time screening integration
  • Advanced graphic MI & BI integration
  • Advanced Excel import and export support by our developers own Laravel open-source contribution

KYC Passport is available in the cloud or on-premise - your choice.
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