07 Feb 2023

KYC-Chain announces Version 5.3.0

2023 has got off to a strong start at KYC-Chain. We've kept up the pace we ended 2022 with and have pressed on with our ongoing rollout of new upgrades and features. 

Our most recent upgrade is particularly exciting: KYC-Chain Version 5.3.0 

Let’s take a look at some of the new features included in this impressive new iteration of our end-to-end workflow solution. 

Manager fill – Compliance managers can now collect documents from applicants manually (for example through email or posted, physical documents) and upload them to our system. These are then run through our automated Identity Verification (IDV) and Anti-Money Laundering (AML) screening checks. This new feature can help expedite onboarding processes for clients with incomplete or non-uniform document sets, and when they are dealing with clients who prefer to submit physical rather than digital documents. 

Xmass tree corporate structure chart creation – Version 5.3.0 comes with our new instant company structure visualization tool that automatically presents corporate ownership structures, points of overlap and UBO data. It’s the perfect tool for carrying out effective Know Your Business (KYB) checks. 

Data control - Managers can now delete KYC applications and data permanently from the platform when a user requests that their data is deleted, which is a key factor for companies seeking compliance with GDPR regulations. 

Billing and tracking – Our upgraded billing and tracking system provides additional transparency, allowing our clients to keep a detailed view and record of the services they use from KYC-Chain. 

Audit trail upgrades –  Timestamped data and documents allows organized and uniform KYC data sets that are of critical importance in the event regulators pursue an audit of your organization. 

Risk scoring improvements – Version 5.3.0 comes with various new risk scoring improvements, improving the parameters, accuracy and reliability of risk scores applied during an onboarding journey, as well as through ongoing monitoring of existing customers based on risk profiles. 

We’re excited to have all of our valued clients with us on this journey of constantly-improving compliance technology. Together, we’re building a safer and more efficient global digital ecosystem. 

Stay tuned for more innovative upgrades and KYC technology as we move throughout the year!

And if you’d like to hear more about KYC-Chain’s new version and upcoming feature releases, feel free to reach out and/or request a demo.  

Any Questions?

Our team is always ready to help you and your business.
Get in touch

Latest Articles

We should have some subheading here, it’s good for SEO as well
Regulation Focus Series | Article 11: Germany and BaFin
As Europe's largest economy and a major global financial powerhouse, Germany is unsurprisingly a major target for illicit financial activity.…
31 Jan 2024
What does the EU's MiCA Regulation mean for Crypto Companies?
The EU recently introduced a new regulation called the Markets in Crypto-Assets (MiCA) in order to regulate and supervise the…
23 Jan 2024
How to take your KYC onboarding to the next level in 2024
Each new year arrives with fresh perspectives and approaches, and this also applies in the world of KYC and AML.…
12 Jan 2024
chevron-down