APIs Capabilities
Key API Capabilities
1. Start KYB, KYC, and Due Diligence processes
Automate KYB, KYC, and Due Diligence processes via our APIs. This functionality accelerates onboarding and ensures thorough risk assessments.
Features:
- Initiate individual or bulk risk assessment processes for clients, vendors, or prospects.
- Configure contact details of evaluated companies for streamlined email communication and follow-ups.
- Collaborate seamlessly by associating processes with partners for joint risk assessments.
2. Access Risk Reports
Overview: Obtain comprehensive risk analysis and documentation for completed KYB, KYC, and Due Diligence processes. This service provides valuable insights to support decision-making.
Key Deliverables:
- Detailed entity profiles with aggregated data and supporting documentation.
- Overall risk score and detailed scores by areas such as AML/CFT, Compliance, Information Security, Data Privacy, and other risk types.
- Screening results against global sanctions lists, politically exposed persons (PEPs), and adverse media.
- Get access to risk reports of your partner’s clients.
- Risk measurement aligned with your organization’s matrices and scoring frameworks.
3. Risk Assessments Process Monitoring
Overview: Monitor the progress of your KYC, KYB and Due Diligence processes through real-time notifications.
Stay updated on every status change through webhook.
Statuses description:
- Initiated: Process has been submitted.
- In Progress: Data collection and analysis are underway.
- Under Analysis: Evaluation in progress.
- Closed: Process completed successfully.
4. Ongoing Screening and Alerts
Overview: Monitor risk changes for individuals or companies and receive alerts for critical updates. Stay ahead of potential risks with Chaindots’ Ongoing Screening capabilities.
Screening Alerts:
- New PEP designations.
- Adverse media mentions.
- Changes in sanctions list statuses.
5. Transaction Monitoring and Alerts
Overview: Integrate your client’s transaction data and leverage on risk detection algorithms. This service provides alerts for suspicious activities and allows you to take proactive measures.
Advantages:
- Configure more than +500 rules for transaction monitoring.
- Send transactions in real-time or through batch processes.
- Instant notifications for high-risk transactions.
Next Section: Integration Process
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