Swiss Firms Boost KYC Compliance with Abacus Research Partnership

In a significant move aimed at strengthening Know Your Customer (KYC) compliance in Switzerland, Abacus Research AG has announced a new partnership with KYC Spider. This collaboration brings together two industry leaders to provide Swiss businesses with cutting-edge technology solutions for managing risk and ensuring regulatory compliance.

Enhancing Risk Management

As companies expand their global reach, the importance of risk management in dealing with new and existing business partners cannot be overstated. This includes customers, suppliers, and investors, making it essential for firms to establish a clear set of compliance rules for mitigating customer and supplier risks.

Abacus Deep Generation: Instant Risk Checks

Abacus Research’s Abacus Deep generation now offers its clients the ability to conduct risk checks on all or selected addresses directly from their system. This integrated solution provides instant results within milliseconds, allowing businesses to view and store risk ratings with ease.

Revolutionizing KYC Compliance

The partnership between KYC Spider and Abacus Research is expected to revolutionize the way Swiss companies approach KYC compliance. By leveraging the strengths of both organizations, firms will be able to:

• Streamline their risk management processes
• Reduce costs
• Increase efficiency

This collaboration is a significant step forward in ensuring that Swiss businesses can operate with confidence, knowing they have the necessary tools and expertise to manage risk and maintain regulatory compliance.