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KYC Exchange Net
KYC Exchange Net's KEN platform standardises KYC/AML document exchange for banks including Commerzbank and Société Générale, storing all data in...
KYC Exchange Net
KYC Exchange Net AG operates a secure communication platform — KEN — designed to standardise the exchange of Know Your Customer and Customer Due Diligence documentation among financial institutions. The firm targets the industry-wide fragmentation where each bank fields its own proprietary questionnaire, distributed by email as a PDF, creating duplication and high fixed costs for both requesting banks and their correspondent clients. KEN replaces that loop with a single, regulatory-aligned standard questionnaire and an online document repository, preserving each bank's internal KYC policies while automating audit trails and trigger-event monitoring. The platform addresses corresponding-bank KYC across unlimited geographies and counterparties — a client bank can manage any KYC relationship through KEN even if the counterparty is not a member. Confirmed users include Commerzbank, Société Générale and Standard Chartered, whose service contracts the firm disclosed alongside a mid-2015 note that a further six banks had joined the network. The firm's development approach was built in cooperation with industry practitioners in relationship management, transaction banking and KYC compliance, and its user interface and document-management system were engineered by AdNovum AG, a Swiss IT firm. The entity is legally structured as a Swiss AG, with KYC data and audit trails stored in Switzerland. The web-based interface avoids terminal software, operating over HTTPS with SSL encryption and optimised for tablet access including Apple's iPad. In June 2015, the firm implemented client-database and system upgrades alongside the expansion of its bank-user base. No AUM, team-headcount, or named principals were publicly available on the firm's own materials as of the last scrape. The structural differentiator is KEN's role as a neutral, industry-cooperative Swiss conduit rather than an outsourced KYC utility. Client banks retain full ownership of their data and control over distribution, while the platform provides the standardisation layer — a model that positions KYC Exchange Net as infrastructure rather than a third-party data vendor, with regulatory alignment maintained through direct industry-and-regulator collaboration.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Switzerland
City
Zug
Corporate office
Zug, Switzerland
Sector focus
Frequently asked questions
What problem does KYC Exchange Net's KEN platform solve?
KEN addresses the lack of standardisation in correspondent-bank KYC processes. Most banks distribute internally designed questionnaires via email in PDF format, creating high fixed costs and duplication. KEN replaces this with a single regulatory-aligned questionnaire and a secure online repository where client banks manage, update, and distribute their KYC documents, with full audit trails and trigger-event monitoring.
Which banks are known to use the KEN platform?
Commerzbank, Société Générale and Standard Chartered have signed service contracts with KYC Exchange Net AG, as disclosed on the firm's own website. In mid-2015, the firm announced that a further six banks had joined the network, though it did not name them publicly.
Where is KYC data stored when using KEN?
All KYC documents and audit trails are stored in Switzerland. The platform's user interface and document-management system were designed by AdNovum AG, a Swiss IT firm. Data transmission is encrypted via SSL over HTTPS, and no terminal software is required — the interface is browser-based and optimised for tablet devices.
Does KEN operate as an outsourced KYC utility or a third-party vendor?
Neither. KEN is a front-office system that facilitates direct, confidential KYC communication between banks. Client banks retain ownership of their KYC data and control which counterparties receive it. The platform provides standardisation without interfering with a bank's internal policies, avoiding dependence on third-party vendors.
Is KYC Exchange Net a regulated entity, and where is it domiciled?
The firm is structured as a Swiss stock corporation (AG) domiciled in Zug, Switzerland. It works closely with the financial industry and regulators to ensure the KYC framework meets regulatory requirements, but its specific regulatory status is not detailed on its public materials.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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