ACCELERATE & OPTIMIZE
how your organization tracks and shares
sensitive KYC data within internal group units and
subsidiaries across global jurisdictions
What is ATLAS ?
Bank in Country X
Introducing ATLAS, the secure intragroup platform for tracking and sharing sensitive KYC data
The ATLAS intragroup platform enables Organizations to securely track and share Customer KYC and other data in order to effectively collaborate on a comprehensive and compliant Single Version of Truth across a group’s different units and subsidiaries in one or more geographies. This is accomplished through a proprietary system design comprised of advanced distributed technologies (such as blockchain), together with proven cryptographic protocols.
How Does It Work?
Customer creates digital KYC file
The Customer creates their digital KYC file through an online portal and shares it with any approved Group Unit, both domestic and international
Group Unit reviews digital KYC file
Compliance officers at the reviewing Group Unit verify the digital KYC file using automated public data checks; once validated, the digital KYC file is placed on a private, distributed platform for internal sharing
Verified digital KYC file becomes Single Version
of Truth for the Organization
When the Customer makes an update to their digital KYC file, they can consent to automatically share all changes across the Group Units they have a relationship with
Ongoing compliance is seamless
Group Units accessing an existing digital KYC file can track who validated the data and when it's due for renewal; compliance teams manage renewals through a comprehensive dashboard with full audit log
Advantages for Organizations
Increase operational efficiency while reducing costly duplication of efforts towards KYC verification by creating a single interface with each Customer for all compliance tasks
Automate manual processes, enabling consistency and common standards to establish a Single Version of Truth for ongoing KYC maintenance
Optimize onboarding and KYC data renewal obligations to focus on cross-selling and accelerating business velocity
Advantages for Customers
Data is under Customer control at all times; Customers have the discretion to update, share or remove access to their digital KYC file with a single action
By removing information silos, Customers can administer a Single Version of Truth of their data across group units and jurisdictions in real-time
Customers are given the convenience to share verified data seamlessly through the ATLAS platform, eliminating the pain of duplicate compliance procedures when dealing with multiple subsidiaries in one or more geographies.