Overview
All financial organisations have a duty to prevent money laundering and to on-board their customers reliably, screening for potential bad actors.
- Fines for AML and KYC non-compliance are getting bigger
- Challengers can on-board customers and merchants more quickly
- Merchants and customers require a fast, seamless, end-to-end experience
Organisations who need to implement AML and KYC face several common pain-points, which include:
- Complexity and investment required to deploy proprietary AML and KYC solutions
- KYC and AML regulations change constantly, requiring solutions to be updated frequently, securely and traceably
- Many organisations need to do retrospective KYC at scale, requiring spiky compute and storage
- Lack of experience with relevant data services
Kainos delivers a combination of data integration with onboarding workflow to provide a flexible, cost-effective and highly scalable AML and KYC solution.
When a new customer or merchant is to be on-boarded, this offering triggers AML and KYC processes using a combination of the Camunda workflow and rules engine, bespoke software code and data integration.
Sold by | Kainos |
Categories | |
Fulfillment method | Professional Services |
Pricing Information
This service is priced based on the scope of your request. Please contact seller for pricing details.