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Secure information sharing with banks and business partners

Today, we expect the same seamless digital experiences in business that we enjoy in our personal lives. Opening a new bank account or accessing financial services should be effortless. Yet, all too often, organizations are inundated by repeat email requests from banks for sensitive information as part of the Know Your Customer (KYC) process.

Without a centralized, secure way to share and manage this critical data, the process becomes fragmented, exposing businesses to security risks and causing frustrating delays. For many, the result is lost time, trust, and in some cases lost opportunities, as organizations abandon the process and turn to a bank that can deliver a faster, more secure experience.

EC-Coorp-BodyImage

Store and structure your information in a single platform

EC CoorpID is an award-winning solution that transforms KYC information storage and document exchange for organizations. Powered by the EC360 Corporate Digital Identity (CDI) platform it provides a unified, secure repository to easily structure and share documents across multiple entities with banks and business partners.

 

3500+
entities

Regularly store and share information with 100+ banks via EC CoorpID

Key features

Structure and store information efficiently

Digital vault

Upload, store and structure sensitive documents associated with entities and individuals in a secure repository.

Overview page

View all requests and share information with new banks or business partners.

Data freshness

Set and receive expiry date reminders to update information. Make updates as needed and notify your banks and business partners of any changes automatically.

Secure document exchange

Information sharing

Select and review documents from the digital vault to share directly with your bank or business partner via EC CoorpID.

Comprehensive audit trail

Automatic logging of all actions and responses for full transparency.

Unlimited sharing

Use EC CoorpID to share documents with any bank or business partner you work with.

Streamline communications

Dashboard

Monitor and action all tasks and requests requiring attention.

Information requests

View their status and respond to KYC requests and reminders from your bank quickly and efficiently via a single platform.

Relationship management

Enable transparent internal and external collaboration by managing all communications with banks and business partners in EC CoorpID.

Control workflow and access

Custom permissions

Create super users to set up users and teams with tailored permissions to enable internal collaboration across your organization.

Access management

Prevent information sharing between entities with different user roles and permissions to meet identity and access management (IAM) needs. Invite colleagues and partners to upload and review documents in EC CoorpID and revoke access at any time.

Secure digital access

Share information from your digital vault with banks or business partners not on the EC CoorpID platform with secure time-sensitive links.

Security and hosting

  • Secure HTTPS internet connection
  • Data encrypted at rest
  • Two-factor authentication (2FA)
  • GDPR, ISO 27001, SOC 2 compliant
  • Fully hosted and managed cloud-based solution

Benefits

Single secure platform

Manage all requests and your information in one place.

GDPR-compliant document storage

Securely store and share documents in a digital vault.

Cloud-based solution

Fully managed and hosted solution with minimal impact on internal IT resources.

Data recency

Keep information up to date and automatically notify your bank or business partner of any changes.

Accelerated KYC reviews

Streamline information exchange and communications with your bank and remove repeat requests.

“EC CoorpID clearly adds value for Hapag-Lloyd, we use it as a central repository and manage our KYC process at the same time. In addition, we can share relevant information straight away.”
Corporate-Treasurer-Tile-scaled

83 % of Corporate Treasurers have security concerns about sharing sensitive information with banks for KYC

We surveyed Corporate Treasurers to understand their attitudes and experiences of accessing financial products and services.

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Discover more about EC CoorpID

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