LexisNexis® Bankers Almanac® KYC API

Bankers Almanac® KYC API enables process automation in large-scale Know Your Customer (KYC) operations. The REST API delivers accurate, up-to-date financial counterparty KYC data anywhere you need it within your KYC and CRM workflows.

The solution gives your organization full access to the following via one single API integration:

• Bankers Almanac® KYC Online: A holistic view of over 200,000 financial institutions with data that is updated regularly from primary sources, including credit rating, regulatory body, GIIN and LEI numbers, historical banking information, and more.
• KYC UBO Module: Ownership information for financial institutions, with data and supporting documents for over 11,000 ultimate beneficial owners, with links down to 0.1% ownership.
• Bankers Almanac® Due Diligence: Over 800,000 due diligence PDF documents, including USA PATRIOT Act Certificates, corporate governance documents, licenses, and more.

Integrating Bankers Almanac® KYC API into your KYC and CRM platform can help you benefit from:

• Increased efficiency – According to your corporate policy, the KYC platform can select the correct corporate policy, then based on that, instantly download all required due diligence information from the API, ready for KYC analysts to review.
• Increased effectiveness – Data can be served directly within workflows in the structure that is easiest to review, so KYC analysts can focus on risk-based decision-making.
• Improved accuracy – Automating data collection reduces opportunities for human error and ensures KYC analysts correctly follow the corporate policy for every customer.

Which functions can Bankers Almanac KYC support?

Bankers Almanac® KYC supports a range of departments with their financial counterparty KYC and pre-screening needs:

• KYC
• Client Service Management
• Compliance Operations
• Pre-screening

Clients rely on Bankers Almanac® KYC when:

• Conducting KYC checks on new customers
• Performing periodic reviews of existing customers
• Making recommendations about customers based on their risk profile
• Searching for new prospective financial counterparty customers
• Performing KYC and compliance checks on entities

Ensuring data quality

Our team follows a rigorous methodology which includes:

• Proactively liaising with primary sources, including financial institutions and regulators
• Conducting quality control checks on data and documents, ensuring all information meets the required standard
• Maintaining a transparent update and maintenance process, including documenting the attempts made to contact institutions for new, verified, or updated information
• Proactively maintaining information by conducting reviews on a regular cycle and on an event-driven basis