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Safeguard insurance sign-ups and claims from the start
Cut out suspicious customer behaviour before it incurs financial damage with controlled risk assessments, all in one place.
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Ensuring real-time risk alerts for insurers
Financial crime is on the rise, and insurance companies are in the firing line for those looking to manipulate the system. While insurers are well aware of risk profiling to challenge suspicious claims, knowing when to onboard legitimate customers without a hitch and stop high-risk individuals or businesses takes greater digital capabilities.
To avoid financial damages, the day-to-day detection of potentially malicious conduct must be performed during the Enhanced Due Diligence (EDD) registration process. It takes automated tools to raise the high-risk profiles and claims that matter to investigators, which is where RelyComply helps insurers focus on their increasingly important job of protecting their businesses and customers.
Map only the most fraudulent activity
With cleaned-up data stored in the RelyComply platform, the accuracy of consistent customer risk assessments is improved from the get-go, with false alerts lowered by up to 80%.
Automate every step
AI technology underpins swift user verification for a great user experience. It alerts any suspicious transactions in real-time to funnel potentially fraudulent people into an EDD process without requiring manual effort.
Maintain your insurance vigilance
Illegitimate claims are just one part of an evolving fincrime puzzle. With flexible, bespoke risk definitions, use RelyComply to adapt to changing challenges and increased business needs as you see fit.
Quick AML insights
Digital ID debate: the UK pushes back on the Brit Card
Preventing financial crime is something we’re always working on at RelyComply, and now with the launch into the UK, we have started to hear from Brits about the implementation of the digital ID and what that means for them. Financial services have always identified people through KYC, KYB, and AML processes – but what happens … Continued
RelyComply takes the fight against financial crime to the UK
Why the UK is the next frontier in the battle against financial crime RelyComply launching in the UK marks a new milestone for us, and is the first of many to come. With our beginnings in South Africa, we started out with a simple, albeit ambitious mission: to reduce, and ultimately end financial crime through … Continued
South Africa’s property market exposes AML risks for Africa
Luxury real estate has long been synonymous with risk. From purchasing offshore residences for tax avoidance to the seizure of properties from sanctioned individuals, housing is a hotbed of anti-money laundering (AML) focus, with criminals hiding in an industry integral to everyone, everywhere. The industry is complex even before cross-border activity is considered. Ownership structures … Continued
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Insurers' day-to-day operations are paramount to maintaining integrity for new customers or claims. At RelyComply, we’re here to relieve the heavy burden of onboarding and customer due diligence through automation, helping you easily manage and stop risk.
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