Arachnys Partner With GD Financial Markets to Accelerate KYC Remediation
LONDON, February 2, 2021 (Newswire.com) - Arachnys, the market-leading platform that accelerates onboarding for financial institutions with intelligent KYC and AML data, announces a strategic partnership with GD Financial Markets (GDFM).
This new partnership takes a pragmatic approach to delivering business consulting, managed service and remediation solutions to financial services and real estate and other high-risk industries that are suffering from operational bottlenecks and KYC and AML backlogs. Arachnys will be the data and technology partner to power GDFM's pool of experienced paralegals and compliance analysts, allowing financial institutions to achieve compliance at an acceptable cost without sacrificing quality and control.
Arachnys and GDFM offer a "frictionless KYC & AML" approach which is made up from unparalleled KYC & AML global data sources, a high level of automation, and straight through processing (STP), ultimately reducing many of the friction points associated with traditional KYC processes.
Whilst both parties are free to work with other providers (to allow for the inevitable flexibility required by some clients), Arachnys and GDFM are committed to delivering programmes of continuous improvement as well as high standards of quality assurance and control. This includes leveraging Arachnys' ability to supply accurate and transparent files with a full audit history.
Clarisse Mallem, GD Financial Markets Head of Financial Crime Compliance Practice, said: "Arachnys are the perfect technology partner for GDFM to complement our expertise and proven consultative approach. We can identify remedial actions and approaches across the spectrum of people, process, systems and governance, and can now offer the technology and data to underpin and accelerate KYC digitisation and transformation."
David Buxton, Arachnys CEO & Founder added: "We're thrilled to be able to partner with GD Financial Markets for this joint offering. Our new API-driven architecture means we can offer faster, cheaper and more effective KYC managed services which blend perfectly with consultancies who regularly assist banks in their interactions with regulators."
About Arachnys
Arachnys accelerates onboarding and monitoring by providing the best global KYC and AML data. Enriched, intelligent data on customers enables straight-through processing and means fewer customer touchpoints, less risk and quicker revenue. Founded in 2010, we've helped some of the world's biggest banks avoid regulatory fines and remediation costs while significantly improving operational efficiency. Visit arachnys.com.
About GD Financial Markets
GD Financial Markets LLP (GDFM) is a boutique management consultancy which specialises in providing business consulting and managed service solutions that support their clients across business strategy, risk advisory and regulatory compliance. GDFM exists to enable clients to focus on their core business activities. GDFM helps clients to maximise opportunities and overcome disruption in what is an ever changing marketplace. At the heart of everything GDFM does is a consultative approach - their consultants take the time to listen to clients' needs and then work collaboratively to develop a solution and engagement model that enables the delivery of successful outcomes. Visit gdfinancialmarkets.com.
For enquiries, contact:
Luke Hinchliffe, Arachnys, luke.hinchliffe@arachnys.com
Clarisse Mallem, GDFM, clarisse.mallem@gdfinancialmarkets.com
Source: Arachnys
