Store, manage & share your KYC documents

Are KYC requests slowing down your business and affecting your financial maneuverability? Look into how you can reduce this compliance burden and streamline and simplify your whole KYC compliance process with CoorpID.

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

Streamline and simplify
your KYC compliance process

Banks and other financial institutions are having to comply with increasingly strict Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements when onboarding customers, performing reviews, or providing new products and services. As a result, corporate organizations, in particular multi-entity corporates operating across several geographies, are being faced with an unprecedent number of KYC information requests a year from their financial partners. 

When dealing with KYC information requests from banks, multiple departments are involved: Finance, Treasury, Tax, Legal, Compliance. How do you keep an overview of information that was shared?

By using CoorpID in your KYC compliance process you will be able to handle multiple KYC compliance requests for all the entities within your corporation far more efficiently. 

“CoorpID makes it easy to store and structure your KYC company documents & share them with your banks and business partners. ”

Job den Hamer | CEO CoorpID

1

Organise your documents

Answer questions and upload your KYC documents to your vault to build a complete company profile

2

Tailored recommendations

CoorpID provides tailored recommendations, helping you store KYC documents in line with industry standards

3

Multi-bank

Share KYC documents securely via CoorpID with banks and business partners that are not registered on the platform

4

Audit log

Easily view what has been shared with whom and when on the audit log, and download it if needed

5

Structured documents

Compile a KYC information package for each corporate entity. Visualise the organisational and ownership structure of each entity

6

Review status

Stay up-to-date on the status of each shared document file

7

Relationships

See all relationships in one clear overview

8

Select & share

Select documents and share these documents securely with your bank or business partners

9

Download

Download selected documents if you want to share via your own channels

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Save up to 25% of your time per KYC review

What would you do with a 25% time savings on handling KYC requests? Take a break? Have an extra walk around the park? Or catch up with other work?

Most important features for corporations:

Relationship overview

  • Accept relationship with partner
  • Review information requests/status from partner
  • Answer a partner request (fill out template, message, upload a file or link existing document)
  • Revoke documents
  • Automatic updates to partners when new documents are uploaded

Multi bank sharing

Share your KYC documents with multiple banks and business partners. Give non-registered banks and business partners temporary access to your KYC documents.

User management

Through the user management system of CoorpID, you can keep track of your users, assign roles, enable and disable access and delete their account information.

*new* Review 2.0

Our newest release CoorpID Review 2.0 contains a number of exciting new features and improved functionalities.

KYC Quick Scan

How is your KYC process organized within your company? Is it time to streamline and accelerate this process via a central online repository? Or does handling KYC company data requests the old-fashioned way, via email, still work for you?
Find out for yourself by answering the questions in our Quick Scan.

With CoorpID
multi entity organisations can:

  • Upload KYC documents to the secure CoorpID vault
  • Compile a KYC information package for each corporate entity
  • Visualise the organisational and ownership structure of each entity
  • Update information on the corporate and/or entity level
  • Handle KYC requests quickly and efficiently from one central location
  • Select documents and share these documents securely with banks or business partners
  • CoorpID is bank-independent, share documents with multiple banks and business partners
  • Share KYC documents securely via CoorpID with banks and business partners that are not registered on the platform
  • Remain in control over who has access to the information that needs to be shared
  • Automatically record all document exchanges and build an audit trail
  • Update KYC information and notify banks and business partners of any changes with a single click
  • Receive automatic reminders of expiry dates
  • Streamline collaboration between departments and teams
  • Collaborate across entities when handling multi-entity KYC requests
  • Assign roles and delegate tasks to colleagues in CoorpID

CoorpID is a digital vault
for storing and sharing KYC information

Oh great, only 100 KYC requests to go, easy! No one ever said

Use the KYC company information that your client has stored in its CoorpID vault as the starting point for your desktop research and minimize the client outreach. The product features CoorpID is offering are often initiated and after that validated through close customer contact. 

Reaching out for KYC requests has never been so fun

Due to increasingly stringent Anti-Money Laundering and Anti-Terrorist Financing regulations, Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements have become more and more time consuming, costly, and onerous for both clients and financial institutions.

By providing a tool that streamlines and accelerates the KYC outreach process, CoorpID aims to minimize the KYC burden for both corporate clients and financial institutions.

We are CoorpID - Minimizing the regulatory KYC burden for financial institutions and corporates

Job den Hamer | CEO CoorpID

1

Client outreach

Handle the whole client outreach information- gathering process in a highly efficient, well-structured and secure manner

2

Store information

Use the KYC information that your client has stored in its CoorpID vault as the starting point for your desktop research and minimise the client outreach

3

Send targeted information

Send targeted information requests to clients to obtain the required KYC information for each individual corporate entity

4

Avoid email

Avoid communicating and exchanging confidential and sensitive information via email

5

Integrated workflow

Easily integrate CoorpID with your existing KYC workflow systems by logging in through the browser or using an Application Programming Interface (API)

6

Standardise outreach

Standardise your information requests using the best practices incorporated in CoorpID

7

Customer experience

Improve the KYC customer experience and customer journey

KYC requests are complex enough as it is.
Why make it even more difficult? 

Play Video

Save up to 25% of your time per KYC review

What would you do with a 25% time savings on handling KYC requests? Take a break? Have an extra walk around the park? Or catch up with other work?

The product features CoorpID is offering are often initiated and after that validated through close customer contact. Here’s an overview of the most important features we have built for and together with Financial Institutions:

Relationship overview

In the CoorpID platform you can create a new relationship with a corporation and can request information from this corporation, like financial statements, certificated of incorporation or other highly confidential materials that cannot be send through email. You can invite multiple entities within one organization for multiple KYC reviews at the same time. Through the platform, you can comment on provided information and request additional information. This way, you keep your information request structured.

Business units / Chinese walls

Your customers might have decentralized business units or different entities that don’t need to see each other’s confidential documents as not everyone within the entity is allowed to see the information. In the CoorpID platform, users are given certain rights and permissions. One might be an administrator, another one a member. All have their own responsibilities, which all lead up to replying to the KYC document information requests.

User management

KYC analyst functions is one of the worlds biggest growth areas. So you will have a lot of new hires, and thus changes within your workforce. Through the user management system of CoorpID, you can keep track of your users, assign roles, enable and disable access and delete their account information.

Guided Review Editor

The Guided Review Editor is a step-by-step editor to help you create a (multiple entity) review to request information from corporate clients and their various entities.

With the Guided Review Editor, you can prepare and send a first-time information request in five easy steps.

Built together with corporate clients

CoorpID was originally developed within ING’s innovation center in Amsterdam. Together with a sounding board of corporate clients, ING came to the conclusion that enabling corporate clients to store and update their KYC information in a ‘central digital vault’ would be of real added value for the customer as well as for the bank. 

As a result, CoorpID facilitates the client outreach and KYC data collection process, and offers bank- grade security and Chinese walls to control access to information.

Demo & start a pilot

If you are interested in using CoorpID for your organization, please contact our sales team and request for a demo for you and or your teams.

We offer several low-cost pilot solutions that aim to build your trust and confidence in our system in a low-risk environment.

With CoorpID, banks and other financial institutions can:

  • Handle the whole client outreach information gathering process in a highly efficient, well-structured and secure manner
  • Use the KYC information that your client has stored in its CoorpID vault as the starting point for your desktop research and thus minimise the
    client outreach and improve the customer experience
  • Send targeted information requests to clients to obtain the required KYC information for each individual corporate entity
  • Avoid communicating and exchanging confidential and sensitive information via email
  • Standardise your information requests using the best practices incorporated in CoorpID
  • Remain in control over who has access to the information of your clients
  • Automatically record all document exchanges and build an audit trail
  • Easily integrate CoorpID with your existing KYC workflow systems by logging in through the browser or using an Application Programming
    Interface (API)
  • Streamline collaboration between departments and teams
  • Collaborate across entities when handling multi-entity KYC requests
  • Assign roles and delegate tasks to colleagues in CoorpID

CoorpID is a digital vault
for storing and sharing KYC information