Reduce the KYC burden and streamline your client outreach process

As bank or financial institution, you are having to comply with increasingly strict Know Your Customer (KYC) requirements when onboarding customers, performing reviews, or providing new products and services. As a result, you have to contact your corporate customers frequently to request company information. Especially the client outreach process is often a very time- consuming, burdensome and costly process. 

Also for your corporate customers. Corporations have to respond to these requests timely and make sure that they provide up-to-date information to each of their financial partners. This can become a real challenge, in particular, for multi-entity corporations that operate across several geographies and have multiple banking relationships. 

CoorpID offers a web-based platform that help banks and corporations to easily structure and share KYC company information, across multiple entities.

CoorpID is a digital vault for requesting and tracking KYC documents

In 2018 CoorpID was founded and initiated by ING. The purpose of CoorpID is to minimize the KYC regulatory burden so that financial institutions and large multi national corporations can focus on their core business. 

Reduce the KYC burden and streamline the client outreach process with CoorpID

Stay in control

Track status and control of KYC review requests

Collaborate

Work together with your client on every KYC review

Store

Use KYC information that your client has stored in its CoorpID vault

Integrate

Easily integrate CoorpID with your existing KYC workflow systems

About CoorpID

Handle KYC requests quickly and efficiently from one central location.

CoorpID was developed within ING’s innovation department, in collaboration with 20 corporate customers from several countries. Since its launch, the tool has served more than 500 corporate users to share their confidential KYC company documents to ING and other financial institutions. We are continuously working on improvements and new features based on customer feedback, our KYC expertise, new developments regarding KYC and CDD best practices and rules and regulations.

Global collaboration

Inter-departmental collaboration across the globe

Easy to set-up

Plug and play without IT involvement

Focus on what matters

25% average timesaving per KYC review

Safe & compliant

Encrypted storage, GDPR proof and servers that are stored within Europe

It is equipped with bank-grade security and Chinese walls to control access to information. CoorpID has already won several awards and was selected winner at the Global RegTech Summit Virtual 2021. CoorpID is currently being rolled out in 14 countries throughout EMEA and is being used by more than 500 corporates from a wide range of industries to exchange KYC-related data with multiple banks and business partners.

These companies use CoorpID

With CoorpID, both financial institutions and their corporate clients can reduce repetitive manual tasks, avoid errors, save time, and cut costs. See what some of our clients are saying about using CoorpID.

Latest insights

As constructive rebels, we balance expertise and experimentation to create the best possible user experience for our users. To keep up with the market, we regularly post insights, user stories and other news items.

And the award goes to…

Yes we did it!! 🎉 We won the TMI – Treasury Management International #Award 2022 for Innovation & Excellence in the category ‘Best Customer Experience’!!

Read more

CoorpID is a digital vault
for storing and sharing KYC information