[Edaily Reporter Kang Min-koo ] Business data platform company coocon Corporation(294570)has supplied its electronic customer identification (eKYC) service, “eKYC Plug-In,” and its “All-in-One Anti-Money Laundering (AML) Package” to comprehensive payment service provider KSNet SYSTEMS.Inc.

With this implementation, KSNet SYSTEMS.Inc is now able to proactively identify high-risk merchants and has established an AML response process that covers everything from detection to investigation and follow-up measures in the event of suspicious transactions.

With the recent rise in financial crimes exploiting payment gateway (PG) networks and virtual accounts, coupled with strengthened anti-money laundering oversight by the Financial Intelligence Unit (FIU), establishing an integrated internal control system—encompassing customer verification, suspicious transaction detection, and Suspicious Transaction Reports (STRs)—has emerged as a key priority for the electronic financial services industry.

Last April, KSNet SYSTEMS.Inc introduced coocon Corporation’s △ID authenticity verification, △1-won account authentication, and △mobile phone identity verification services to enhance its merchant identity verification procedures, and has now added these new services.

coocon Corporation’s eKYC Plug-In is a service that verifies the identity information of business operators and actual owners remotely during the merchant onboarding process. The All-in-One AML Package, introduced alongside it, is a solution jointly designed by coocon Corporation and ELON Soft to reflect the operational environment and regulatory requirements of the electronic financial services sector.

By integrating these two solutions, the entire process—from customer verification to anti-money laundering (AML)—can be managed as a single workflow, thereby enhancing not only the efficiency of electronic financial service providers’ AML compliance but also their level of internal control.

In particular, it features a no-code-based detection rule configuration function, allowing compliance officers to directly modify and manage detection criteria in response to new types of financial crimes. Provided via an on-premise model, it can be deployed within approximately one month and quickly implemented into day-to-day operations.

Building on the success of the S NET SYSTEMS.Inc case, coocon Corporation plans to expand its RegTech service offerings to industries requiring AML compliance, such as electronic financial service providers, payment gateways (PGs), and virtual asset service providers (VASPs).

Kim Jong-hyun, CEO of coocon Corporation, stated, “Establishing an anti-money laundering (AML) system has become a necessity rather than an option in the electronic financial services sector.” He added, “Based on our RegTech capabilities—which provide a one-stop solution ranging from customer due diligence to the detection of suspicious transactions—coocon Corporation will help companies subject to regulatory compliance requirements establish internal control systems quickly and efficiently.”