About Us

KYCsphere is an innovative Software-as-a-Service (SaaS) application deployed on the secure Microsoft® Azure Cloud Platform as a Service (PaaS) and automates the complete KYC life-cycle through a suite of tools. By operating at the intersection of cutting edge SaaS Technology and the much needed KYC Compliance, it addresses important needs of the financial & the service sectors around the world.

More than ever, today's financial and services institutions are exposed to unprecedented levels of risks arising from financial criminals, fraudsters, corrupt officials, money launderers and terrorism financiers. This has given rise to larger number of customer centric legislations enacted around the world, including:

  • Know Your Customer (KYC)
  • Treating Customers Fairly
  • Financial Product Suitability
  • Customer Identity Thefts & Other Frauds
  • Anti Bribery & Corruption
  • Anti Money Laundering
  • Anti Terrorism Financing

KYCsphere Software-as-a-Service (SaaS) application helps your institution to cost effectively manage and keep a tight control on a host of critical processes dictated by Know Your Customer (KYC), Anti Money Laundering (AML), Anti Terrorism Financing (ATF) and other regulations mentioned above. Processes also involve risk and compliance management across multiple lines of business, complex case investigations, timely filing of Regulatory Reports and other regulatory compliance requirements, which can all be handled effortlessly within the application.

KYCsphere offers a range of benefits, the top 10 among them being:

  • Common KYC Platform: Create single monolith KYC platform for your range of Products & Services; Lines of Businesses (LoBs); Branch & Partner Networks and Country-wise Jurisdictions.
  • Quick Deployment: Start using the KYC tools in matter of days & weeks instead of months.
  • Ongoing Upgrades: All the regulatory changes driven upgrades are taken care of by us without any delays and costs to you.
  • Disparate Sanction/Watch/Embargo lists Management: Each of the customer subscribed sanction/watch/embargo lists are downloaded by us as soon as they are published, cleaned, normalized, translated and uploaded into the KYCsphere.
  • Easy-to-Use: Simple to use administrative features and intent driven user interfaces allow the application to be configured and maintained by the senior compliance executive themselves.
  • Multiple Language Support: Multi-lingual version of KYCsphere supports English, Spanish, French, German, Chinese, Japanese, Arabic and a host of other commonly used official languages, around the world.
  • Extend to Cover Other Regulatory Compliance: You could easily extend the existing KYC tools to cover "Know Your Employee", "Know Your Intermediary, Partner, Correspondent Bank etc.", "Fraud Detection", "Anti Bribery & Corruption", "Anti Money Laundering", "Anti Terrorism Financing" regulatory compliance requirements. You could further build on the KYCsphere Software-as-a-Service (SaaS) framework to address compliance requirements arising out of legislations such as "Treating Customer Fairly", "Financial Product Suitability" and other customer centric legislations.
  • Zero Capital Expenditure: Your institution could become KYC compliant without having to incur any capital expenditure.
  • Lower Recurring Expenditure: Additionally, there are substantial savings that you make in recurring operational expenditure.
  • KYCsphere Subscription Cost: As a KYCsphere customer, you save on capital and operational expenses. The only all inclusive annual expense that you would incur is the Per User Pay-as-You-Go, subscription cost.

KYCsphere Software-as-a-Service (SaaS) streamlines KYC processes and enforces organizational best practices to ensure compliance with global and regional regulatory requirements. Intent-driven user interfaces, guide the staff through the required processing activities based on customer, product, geography and risk rating. The cloud based KYCsphere is easily modifiable and is extended to support new business and regulatory requirement changes.

KYCsphere has been architected, designed and developed by harnessing over a decade of organizational experience and a core team of domain experts & technologists, led by Dinesh Kumar.

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