Noida, Uttar Pradesh, India

  CogniKYC is a GDPR-compliant blockchain-based hyper-ledger that stores and manages KYC documents of individuals and companies involved in any financial transaction.  

Why We Built CogniKYC?

Numbers Don’t Lie

  • 22% was the increase in Bank customers’ on-boarding time in 2016, followed by another 18% in 2017.

  • 19% increase in customer onboarding cost in 2017 as compared to 2016, followed by a 16% increase in 2018

  • 10% of the world’s top financial institutions spent $100+ million annually on KYC processes

  • 51% of global respondents (as per reported an increase in engagement with regulators. 17% reported a “significant increase”.

  • Citibank spent $3.4 billion worth savings for additional investments in regulatory and compliance activities.

Features of CogniKYC

What do You Get?

  • Automated OCR and transcription
    Instead of Manual Data Entry

  • Timely and automatic documents and data update
    Instead of Periodic Reviews that could result in data disparity

  • Duplicacy Elimination
    Instead of Manual Data Deduplication

  • Digital Identity Management
    Instead of Physical Documentation

  • Distributed Data Repository
    Instead of a less secure Central Storage of Data

  • Slashed Operational Cost
    Instead of high human resource employment

  • Enhanced Customer Friction
    Instead of a long and tedious verification process


Supported Documents on CogniKYC

How Well Do You Check Your Compliance?

Company Documents

  • Business License
  • State-issued Registration Certificate
  • Shareholder’s Agreement
  • KYC World-Check
  • Bank Reference
  • Tax Certificate
  • Registration Document
  • Others

Individual Documents

  • Passport
  • Driving Licence
  • State-issued Identity Card
  • Client Profile
  • Tax Certificate (RIF)
  • Utility Bill
  • Bank Reference
  • Others

Business Transaction Documents

  • Commercial Invoice
  • Pro Forma Invoice
  • Third-party Payment Instructions
  • Bill of Lading/Airway Bill
  • Shipper’s Letter of Instructions
  • Dangerous Goods Certificate
  • Insurance Certificate
  • Others

How Does CogniKYC Work?

  To KYC any individual, company or business transaction, the documents are uploaded by the end customer. CogniDNA and other best-in-industry 3rd-party software automatically analyze the entities and provide a comprehensive risk report in near real-time. All the documents and the risk reports are then collated in the blockchain by a proprietary microservice - CogniKEY. In this way, CogniKYC stores and manages documentation of all the compliance checks done by your KYC team and/or the Money Laundering Reporting Officer (MLRO) and makes regulatory audits a piece of cake for all the stakeholders.