Kontur. Focus helped Euroalliance Bank speed up verification of legal entities by 6 times

2024: Implementation of "Contour. Focus"

Contour. Focus helped Euroalliance Bank speed up the verification of legal entities by 6 times. SKB Kontur announced this on January 29, 2025.

Regional Bank Euroalliance has reduced the time to check a legal entity from 30 to 5 minutes. This was achieved thanks to the integration of Contour Focus into an automated banking system.

EUROALLIANCE conducts many inspections: they are necessary at all stages of the bank's work. Before accepting clients for service, the bank is obliged to identify them and assess the level of risk of customers performing suspicious transactions. During further maintenance, update the identification information on them. When applying for a loan, check the borrower and his employer, and if a legal entity applies, then it is necessary to check both the organization itself and the companies associated with it.

For a long time, open and official sources were used for inspections. But the verification process was constantly becoming more complicated - it was necessary to search for information in more and more sources. In order not to waste time searching and immediately receive information in a structured form, the bank automated checks using Contour. Focus.

EUROALLIANCE has integrated Kontur. Focus into an automated banking system (ABS). For legal checks, 115-FZ connected FocusCompliance.

As of January 2025, Focus's capabilities are used by all divisions of the bank that interact with customers: data is "uploaded" to a single banking system, and each division operates in its module, having all the necessary information.

{{quote 'author=said Alexander Gurov, Deputy Chairman of the Management Board of Euroalliance Bank. | Thanks to the Focus API, all information in the system is displayed in an ordered form. The initial review identifies the risks, then the employee analyzes the information and makes a final decision within his competencies. The Bank has all "fresh" changes in the statements from the Unified State Register of Legal Entities (Unified State Register of Legal Entities) of customers and promptly uses this information in its work, including to update information on customers in accordance with the requirements of Law 115-FZ,}}

{{quote 'author=noted Anton Yakovlev, Project Expert Kontur.Focus on Economic Security. | Recently, the volume of data for each subject of entrepreneurial activity has become really very large - this greatly complicates manual verification: not only in banks, but in other areas of business. But it is for the banking sector that a large flow of daily checks is characteristic. Therefore, automation of this procedure with the help of Contour. Focus and integration into the banking system not only make it possible to speed up such checks, but also provide comprehensive interaction between different services and specialists of the bank based on the results of such checks, }}