One of the main features that exists in KYCP is the Corporate Source Register (CSR), a feature that allows us to integrate with third parties that provide company house data providers based on client preferences.
This feature focuses on allowing operational teams to be able to use one system and one interface to query data on entities (be it individuals or legal entities) that is being sourced from other third parties. A feature that allows the user to even scrape all the information from such third parties into KYCP at a click of a button avoiding the need to input data manually.
This scrape includes the fields on entities, documents, as well as the related parties (key principles) in the case of legal entities. A feature that re-creates all the data in KYCP without having to key any data manually.
A vital part of this CSR feature is the ongoing aspect of due diligence whereby the solution allows the team to be alerted should changes happen on scraped structures. If enabled, the monitoring feature will keep checking any changes within the third party and raise notifications in KYCP. This will allows the operations team to be able to run a review search and understand the differences between the source (public) data and the data on KYCP in order to act on any factors that would need to be investigated.
Companies House (UK) embedded data
The new feature that we are launching now offers the that of Companies House (UK) as an embedded feature. A dataset that can be used by any of our customers in real time without having to setup any new accounts or data points. A system that allows you to search such a database in real time and scrape information into KYCP.
This new feature is part of our Pay As You Go services in KYCP which requires having a number of tokens available to be able to conduct a search. There are no minimum thresholds of searches required and no minimum volumes, its simply a matter of paying for any search that you require at any point in time.
In this first phase of this feature we are launching the SEARCH and REVIEW feature only. The ability to enable MONITORING with Companies House scraped data will be delivered in the next phase.
How the COMPANIES HOUSE UK feature Works
Similar to how the CSR module works, a user can start a new application and click on the ROOT node to be able to trigger the CSR Search interface. This is usually done on an application that is still empty however can also be conducted on an existing application allowing you to see the differences between the local data (in your KYCP) and the public sourced data.
Clicking on this icon will load the SEARCH interface of CSR as per below. In Companies House (UK) you can run searches based on the name of the entity as well as the registration number of the company. It also allows you to run searched on entities that are of type individual.
The results are shown in a list as per below allowing you to select the one that is relevant to your query.
Clicking on the VIEW button will load the entire record of the selected entity as per below. This would be the list of fields that are available in the third party solution. All the data points from Companies House (UK) will be mapped to the fields in KYCP automatically for auto population.
The user has the option to scrape all fields from the third party or even specifically choose which ones are required to be scraped into the KYCP record. Scrolling within the same tab will allow the user to see the list of documents that can be scraped from Companies House. You can select to import and link all documents to the ROOT NODE in KYCP or else select which ones to scrape.
Clicking on the PROCEED TO STRUCTURE button will load the screen of the related key principles that are available.
The interface above allows the users to scrape the entire structure into KYCP or else selected key principles. This screen will also highlight changes between structures (one in KYCP and the one that is being provided by public sources). A feature that is focused on quickly showing the user what is different and what needs to be looked at.
Learn More
For a live walkthrough of this feature, contact our team at sales@kycportal.com or schedule a demo today.
If you’re an existing client and would like to learn more about the DSI module or the MASTERCARD MATCH Pro integration, please contact your KYCP CRM representative.
About KYCP
KYC Portal (KYCP) is a market-leading Client Lifecycle Management (CLM) and risk orchestration platform designed to automate AML and KYC processes from onboarding through ongoing monitoring. Trusted by financial institutions, law firms, gaming operators, and other regulated entities across 25+ jurisdictions, KYCP helps organisations reduce risk, increase efficiency, and achieve regulatory confidence through automation and real-time data management.