Collect KYC Data on China and Hong Kong-based Entities in Minutes
Karbon 8 automates the collection of KYC (Know Your Client) data for all entities based in China and Hong Kong. The platform has been developed to address the challenges that are often encountered in sourcing Chinese client data. The automatic sourcing and access of KYC data entities in near real-time, regardless of where the KYC analyst is located, means that information is always readily available.
As a modular component of Karbon, Karbon 8 is available as a standalone tool or can be seamlessly integrated into a client’s existing platform via an API.
Karbon 8 covers all China and Hong Kong-based entities, i.e. private as well as public companies and individuals based in China and Hong Kong. The collection of AML/KYC data attributes are structured into a KYC profile record format, highlighting the legal entity information, regulated and listing details as well as ownership structure. It also provides supporting documentation and a full audit trail. Full data lineage, including evidence of data sources, are provided.
How it works
Chinese data is sourced real-time from approved public sources, including official and premium sources. Technology enhancements and pay keys are used to overcome captcha and paywalls.
Data capture, extraction, analysis and related algorithmics are all processed in Chinese and only brought back into English for final presentation, making Karbon 8 a truly differentiating service. Through aggregating and conducting the initial analysis and comparisons of the sourced data in Chinese and then translating into English at the final step, the number of data discounting needed is significantly reduced.
By automating and streamlining the KYC data collection process to near real-time, Karbon 8 allows organisations to increase turnaround time and enhance the overall client experience.
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