KYC
Automated KYC for regulated teams, verifying and monitoring counterparties with official registry data.
Executive Summary
Avokaado's KYC solution provides automated Know Your Customer (KYC) processes specifically designed for regulated teams. It streamlines the verification and ongoing monitoring of counterparties by leveraging official registry data, ensuring accuracy and compliance with industry regulations. This helps organizations mitigate risk and maintain transparency in their business relationships. The platform integrates seamlessly with Avokaado's broader suite of legal tech tools, including contract automation, e-signing, and data registry. This allows for end-to-end workflow automation, from initial counterparty verification to contract execution and ongoing compliance management, all within a secure, EU-hosted, and GDPR-compliant environment.
Use Cases
- Automated client onboarding and identity verification for new customers.
- Continuous monitoring of existing counterparties for changes in risk profile or legal status.
- Conducting due diligence for mergers, acquisitions, or new business partnerships.
- Ensuring adherence to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
- Generating audit trails and compliance reports for regulatory bodies.
Features
Visibility
- Counterparty Profiles: Centralized view of all verified counterparties, their risk scores, and verification history.
- Real-time Status Tracking: Monitor the live status of all KYC checks and ongoing monitoring activities.
Intelligence
- Risk Scoring: Automated assessment of counterparty risk based on official registry data and predefined criteria.
- Beneficial Ownership Identification: Automatically identifies ultimate beneficial owners (UBOs) from complex corporate structures.
- Sanctions & PEP Screening: Screens counterparties against global sanctions lists and politically exposed persons (PEP) databases.
Support
- Expert Support: Access to knowledgeable support staff for assistance with the platform and KYC processes.
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
Integrations
- Salesforce
- Persona
- BambooHR
- Hibob
Security & Compliance
Certifications: GDPR
Encryption: Data encrypted in transit and at rest to ensure confidentiality and integrity.
Pricing
- Model
- Custom pricing based on volume and feature level
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About Avokaado
Avokaado is a developer of a digital workspace tool designed to automate, negotiate, sign, and manage contracts. The company offers contracting and document automation software tailored to medium-sized organizations and enterprises, combining document robotic process automation (RPA) with end-to-end workflow management.