Minimizing the KYC hassle
As one of ING’s successful start-up initiatives, CoorpID is now scaling throughout Europe. Our initiative was born within ING Labs and together with a sounding board of 20 corporate clients we designed, built and validated the CoorpID platform to comply with market demands and standards.
Our mission is to minimize the KYC burden for banks and corporates around KYC document management storing and sharing, so both parties can focus on their core business.
Oh great, only 100 KYC requests to go, easy! No one ever said that…. Until now.
KYC regulations are complex. CoorpID brings clarity, structure and facilitates the KYC process for both the corporate user and the bank. By working closely with our users, we design, build and test new features.
30
people in
our team
3.200
Hours saved on
KYC annually
15
Countries use
CoorpID
We are CoorpID
As constructive rebels, we take an unconventional approach and balance expertise and experimentation to arrive at creative solutions.
At CoorpID, we value each team member’s individual contribution in an environment where curiosity, non-conformism, and an eagerness to explore foster creativity. We combine a sense of adventure with a sense of humour and, as a team, we have a lot of fun in the process.
The trusted KYC platform for corporates and financial institutions
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What would you do with a 25% time savings on handling KYC requests? Take a break? Have an extra walk around the park? Or catch up with other work?
Our core values and beliefs
Creativity
As constructive rebels, we take an unconventional approach and balance expertise and experimentation to arrive at creative solutions. At CoorpID, we value each team member’s individual contribution in an environment where curiosity, non-conformism, and an eagerness to explore foster creativity. We combine a sense of adventure with a sense of humour and, as a team, we have a lot of fun in the process.
Collaboration
At CoorpID, we value collaboration. Working together is at our core. We collaborate with our customers and banking partners. We reach out to our competitors. We work together as a team towards a common goal. And we have a great time while doing this. Afterall: “Success is best when it’s shared.”
Confidence
Being part of a bank, security and reliability are key. We also like to call it: as safe as a bank. But that’s not all. We value trust. We have confidence in each other’s capabilities. Individual autonomy and team spirit. In our relatively small team, we rely on each team member’s skills and competences to make the difference.
Clarity
KYC regulations are complex. There is a lack of standardisation and transparency in the interpretation and implementation of KYC regulations. Which information has to be provided by whom to who is not always clear. CoorpID provides transparency regarding the data that is shared for KYC purposes. Within the team andwith our customers, stakeholders and partners, we value transparency. We are accountable and have no hidden agendas.
Commitment
When working in a regulated environment, within a fintech, wevalue commitment. Commitment to our core values, commitment to our customers’ success, commitment to the KYC ecosystem, commitment to our banking partners. We take ownership and get things done.
Collaboration
At CoorpID, we value collaboration. Working together is at our core. We collaborate with our customers and banking partners, reach out to our competitors and work together as a team towards a common goal. And we have a great time while doing this. After all: “Success is best when it’s shared.”
Confidence
Because we offer a solution for banks, security and reliability are key. We also like to call it: as safe as a bank. But that’s not all. We value trust and have confidence in each other’s capabilities. Individual autonomy and team spirit. In our relatively small team, we rely on each team member’s skills and competences to make the difference.
Creativity
As constructive rebels, we take an unconventional approach and balance expertise and experimentation to arrive at creative solutions. At CoorpID, we value each team member’s individual contribution in an environment where curiosity, non-conformism, and an eagerness to explore foster creativity. We combine a sense of adventure with a sense of humour and, as a team, we have a lot of fun in the process.
Clarity
KYC regulations are complex. There is a lack of standardisation and transparency in the interpretation and implementation of KYC regulations. Which information has to be provided by whom to who is not always clear. CoorpID provides transparency regarding the data that is shared for KYC purposes. Within the team and with our customers, stakeholders and partners, we value transparency. We are accountable and have no hidden agendas.
Commitment
When working in a regulated environment, within a fintech, we value commitment. Commitment to our core values, to our customers’ success, to the KYC ecosystem and commitment to our banking partners. We take ownership and get things done.
CoorpID’s ultimate goal:
Contributing to zero regulatory fines by 2036 by minimizing the KYC compliance burden for financial institutions and corporates
‘Fire that guy’
Job den Hamer | CEO CoorpID
In 2006, the first KYC regulations became effective requiring banks to identify their customers. While working for ING UK back then, Job had to call up clients and ask for copies of their passports. They were not happy with this and even sent emails to his boss saying he should be fired. We have come a long way since then but clients still regard the whole KYC process as a burdensome nuisance and, in some cases, an invasion of their privacy.
With this experience in mind, the idea of building a platform to exchange KYC documents between banks and corporate clients became effective in 2018 when CoorpID was founded by ING Labs. In 2019 the first version of the platform was designed, validated and built, together with a sounding board of 20 corporate clients. In 2020, ING started using the platform for a small set of clients. And that set of clients kept growing and growing ever since.
What clients can expect from us
Simplicity
- Easy-to-use (plug and play)
- Intuitive interfaces
- Excellent user experience
- You are in control
- Step-by-step guidance through the KYC process
Security
- Bank-grade security
- No emails with confidential documents attached
- Secure unlimited sharing ofconfidential data
- Only 1 upload, unlimited sharing
- Audit trail
Support
- We have your back
- Continuous market research
- Knowledge of policies
- User guides and help desk
Savings
- Time-saving: 20% less time consuming
- Work-saving: reduces workload
- Money-saving: minimizes costs
Solid
- Expertise (since 2006)
- Only multipurpose platform in the market
- Co-creation, based on shared knowledge and expertise
- Backed by ING
Simplicity
- Easy-to-use (plug and play)
- Intuitive interfaces
- Excellent user experience
- You are in control
- Step-by-step guidance through the KYC process
Security
- Bank-grade security
- No emails with confidential documents attached
- Secure unlimited sharing ofconfidential data
- Only 1 upload, unlimited sharing
- Audit trail
Support
- We have your back
- Continuous market research
- Knowledge of policies
- User guides and help desk
Savings
- Time-saving: 20% less time consuming
- Work-saving: reduces workload
- Money-saving: minimizes costs
Solid
- Expertise (since 2006)
- Only multipurpose platform in the market
- Co-creation, based on shared knowledge and expertise
- Backed by ING
Meet our team
By working from Amsterdam, Lisbon and our home offices, the CoorpID team is a great mix of professionals that want one thing, and that is to provide the best possible KYC solution in the market. Meet our CoorpID-STARS!
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
CEO CoorpID
Product Lead
Scale-Up Lead
Marketing & Analytics Lead
IT Infra Lead
Risk Lead
Product Owner
Client Development
Client Development
Client Development
Client Development
Client Development
Compliance & Security Expert
Customer Journey Expert
UX designer
Solution Architect
Quality Assurance Expert
Work together with
CoorpID
CoorpID was originally developed with a sounding board of corporate clients. Together we designed, built and validated the CoorpID platform to comply with market demands and standards. If you are interested in testing out our platform, to see what it can bring you, reach out to us!
Vacancies
Hello, is it you we are looking for?
Because of our fast-scaling pace, and the continuing rollout to our launching customer ING, we are always looking for professionals that want to join our initiative.
