KYC Registry Info sheet

A single source to collect and exchange KYC information

Features Context How SWIFT can help In today’s world, banks are faced with a SWIFT’s KYC Registry helps banks A global, central repository multitude of challenges throughout the and their correspondents streamline to exchange and collect Know Your Customer (KYC) lifecycle. their KYC processes through a KYC information Costs and regulatory fines are rising, and centralised, secure platform to exchange a lack of regulatory standards is making standardised KYC data. It is already the overall KYC process sluggish. The used by 5,500 financial institutions variety of different requests throughout across 200+ global territories, and is now Provides full, user- organisations are also increasing in available to corporate customers for the controlled protection of complexity, and concerns are mounting exchange of KYC information with their your KYC information over the security of customer information. banks. Banks are having to deal with these issues on a daily basis, and many Delivers automatic organisations are clamouring for a notifications every time your simpler solution. customers update their KYC data KYC Registry simplifies the Provides pre-population of data fields for ease of use (Financial institutions only) Know Your Customer (KYC) process by providing financial Benefits institutions and corporates with

Reduces unnecessary or additional costs a secure, centralised platform to exchange KYC data with

Drastically improves your operational efficiency their banks globally.

Heightens the customer experience

Reduces duplication and frees up resource Traceability SWIFT’s KYC Registry enables you and your correspondents to control the information you share and who you share it with, while providing a complete audit trail of all exchanges.

Centralisation The Registry is a single, centralised repository. It streamlines the exchange of KYC information with your correspondents, saving time and reducing unnecessary costs.

Standardisation The KYC Registry offers the ability for banks and corporates to exchange standardised KYC data on a global basis, covering up to 90% of KYC requirements.

“BNP Paribas is an active contributor to the KYC Built in partnership with the How to adopt Registry initiative. It is in the community Contact your SWIFT account manager Bank of America Merrill Lynch; to begin the process or go to the Order interest of our clients and BNP Paribas; Citibank, Commerzbank; KYC Registry page on SWIFT.com. the banking community Credit Agricole; Credit Suisse, Danske Bank; DBS; Deutsche Bank; HSBC; You can also refer to the KYC Registry to adopt KYC Registry to Intesa Sanpaolo; J.P. Morgan; Raiffeisen document centre to access the relevant the maximum extent as a Bank International; Santander; Societe adoption guides, ordering guides, common global standard Generale; UniCredit; factsheets and more. and to have SWIFT AON; ArcelorMittal; Avnet; BMW, To check if your institution is already a recognised as a reference Booking.com; Deutsche Post DHL; subscriber of the KYC Registry, send an Huawei; IATA; Petronas, Pepper; Saudi email to [email protected] partner by the AML-CFT Chevron; Seaboard; Siemens; Spotify; and a member of the team will get back regulatory bodies” SWIFT; UNESCO; Unilever; Würth to you.

Rebecca De Cuyper, Transformation Management, Global Banking, BNP Paribas

SWIFT is a member-owned cooperative, providing secure financial messaging services to more For more information than 11,000 organisations, across the financial ecosystem, in almost every country in the world. For nearly five decades we have delivered certainty, continuity and excellence by constantly Please contact evolving in an ever-changing landscape. In today’s fast moving, increasingly connected and [email protected] challenging world, this approach has never been more relevant. www.swift.com Visit https://www.swift.com/kycr-order

57450 - January 2020