The growth in volume of cross-border transactions, gaps in infrastructure and incapability of firms to fully understand the integrated networks and nature of cross-border transactions, together with the changing nature of regulatory rules and the expansion of government sanctions has caused banks to come under more and more scrutiny with regards to knowing their customers, anti-money laundering, and being on top of the transactions they facilitate. However, there is a sizable gap that needs to be filled, which has been addressed with manual processes and ad hoc systems. In the long term, banks need to streamline their approach to KYC and AML. Our technological approach facilitates this transition towards a smooth customer due diligence process that enables banking clients to quickly onboard and monitor clients and transactions.
Authenticate documents and IDs efficiently via our APIs and dashboard.
Perform ongoing due diligence to be on top of changes in the risk profile of your clients.
Perform ongoing due diligence to be on top of changes in the risk profile of your clients
Our highly automated ML-based solution cuts out the traditional way of KYC thereby resulting in substantial cost-savings.
Meet all your compliance requirements and reporting by an advanced reporting tool that sits on top of all the checks done.
Ensure the onboarding and monitoring process is unified across the board by eliminating human subjectivity.
Reduce false positives and the associated loss of revenue by using our pattern recognition rather than a rule-based approach.
Be informed instantly of the changes in the circumstances of your clients and associated entities.
Combine automated processes with our advanced highly configurable graphical tool to drill down and analyze entities, UBOs, controls, and relationships.