Arachnys, one of the leading provider of global due diligence software, has launched its Arachnys D3 software that will transform the way banks, accountancy firms, multinational corporates and a range of other companies run compliance checks.
Arachnys D3 (Desktop Due Diligence) automates processes which are currently being conducted manually by teams of compliance officers that have grown exponentially with the dramatic increase in regulatory risks and downsides.
For basic KYC checks, Arachnys compared the time taken to manually conduct PEP, sanctions, Interpol, adverse media coverage and company verification checks with the same checks using Arachnys D3.
For enhanced due diligence checks, Arachnys compared the time taken to manually conduct litigation, social media, Google search, PEP, sanctions, Interpol, adverse media coverage and company verification checks using Arachnys D3.
Source: Arachnys
