Comprehensive KYC Solutions Using Public Data

Upcoming Webinar : Leveraging Web Data For Advanced Analytics

On 6th Dec, 11.00 AM to 12.00 PM ( EST) 4.00 PM to 5.00 PM ( GMT )

Comprehensive KYC Solutions Using Public Data

KYC Solution Case Study

Problem Statement

A leading registry industry player sought our expertise to develop comprehensive KYC (Know Your Customer) and risk/credibility reports for every company. The client required up-to-date information from public sources like BSNL, MTNL, MCA, GST, EPFO, and Udhyog. Processing over 45 million records efficiently and accurately was a significant challenge that needed to be addressed.

Our solution

Streamlined Data Aggregation: We used advanced techniques to collect accurate company details from BSNL, MTNL, GST, EPFO, MCA, and Udhyog websites, ensuring comprehensive information aggregation.
Enhanced Efficiency through Automation: We developed advanced automation scripts and tools, optimizing efficiency and accuracy, eliminating manual intervention, and significantly saving time and improving productivity.
Rigorous Quality Checks: Stringent quality checks and validation processes ensured data accuracy and reliability, with our team scrutinizing the collected data for consistency, completeness, and compliance with industry standards.
Seamless API Delivery: Processed and validated data was provided through a secure API-based delivery mechanism, facilitating easy integration of risk/credibility reports into our client’s systems for real-time access to insights and updates.
Compliance Risk and Regulatory Data Checks: Compliance risk and regulatory data checks through data automation facilitated real-time company risk evaluation, flagging anomalies by cross-checking registered company information with governmental agencies, enhancing the accuracy and reliability of the risk/credibility reports.

Contact us for a solutions demo:

Benefits

Informed Decision-Making: Our KYC and business verification solutions enable clients to make informed decisions by leveraging accurate data from multiple sources, providing insights into the credibility and reliability of businesses.
Risk Mitigation: Our solutions help identify potentially risky companies, reducing the likelihood of engaging with non-compliant or fraudulent entities. This proactive approach significantly decreases the occurrence of costly business risks.
Operational Efficiency: Data automation and BOT setup improve operational efficiency by reducing manual effort by 75%, translating to faster report generation, cutting the compilation time from two weeks to one week.
Data Accuracy and Reliability: Stringent quality checks and validation processes ensure the accuracy and reliability of verification reports, with a 98% accuracy rate, enabling confident decision-making based on trustworthy data.