KYC
Customer screening with confidence in your data
Keep pace with changing watchlists and house varying regional data in one platform to spot risky PEPs or sanctioned entities.
Arrange a demoReduce false positives by 50%
Screen names in under 1 second
Increase compliance efficiency by 50%
Timely KYC screening, exactly where you need it
AML compliance relies on spotting entities placed on sanctions lists and Politically Exposed Persons (PEPs): prominent foreign and domestic nationals, potentially criminal middlemen among family members and associates, or organisational leaders with access to significant funds. Each poses varying risks in the ever-complex web of fincrime, and their definitions differ worldwide.
Financial institutions can lack oversight with disparate, outdated data sources gained from multiple providers. When wrong name-matching alerts are created, time is wasted on pointless investigations.
RelyComply recognises that everyone has unique compliance needs. We enable businesses and compliance teams to reduce false positives and fit vetted and secure AML data from multiple lists into one workflow.
Screening made simple
Expansive data coverage
Curb differing list screening rules and definitions by housing data from many trusted custom and third-party watchlists screened daily.
End-to-end. Day to day
Conduct ongoing, risk-based assessments of listed individuals over time to stay proactive in the face of various national PEP measures (“once a PEP, always a PEP”).
Next-level AI enhancement
With RelyComply’s next-level proprietary algorithm, accurate multi-tiered name matching occurs in milliseconds.
Contextualised screening
Our matching tool is not confused or hindered by punctuation changes, language-specific nuances, company suffixes, or name reversals.
All-in-one view
Keep all secure data in a centralised platform that can integrate with both your pre-set bespoke caution lists and those from multiple external providers.
Fine-tune your risk thresholds
Sanctioned customers may need more stringent screening than PEPs! Set default values (for missing data) and balance workload with risk according to lower false positives.
Get started with RelyComply
Change flexible presets
React to changing watchlists by adjusting screening in line with your risk appetite.
Hone advanced technology
Our algorithm screens names against ever-changing watchlists in under a second.
Reduce false positives
Our customers have reported up to a 50% reduction in faulty alerts, saving your team valuable time.
Get real-time updates
Around-the-clock screening flags users to any changes in name matches or list updates.
Fit screening seamlessly
Make accurate, timely watchlist screening an integrated part of your end-to-end compliance platform.
Quick KYC insights
Beyond Due Diligence: How AI-Enhanced KYB is Reshaping AML Practices
The interconnected and digital nature of today’s global financial system has amplified the challenges of money laundering and terrorism financing. These constantly evolving threats demand a fundamental shift in our countermeasures, as conventional approaches, based on manual reviews and rigid rule systems, are struggling to keep pace with increasingly sophisticated criminal tactics. This article explores … Continued
Uncovering Hidden Risks: Advanced KYB Techniques for AML Professionals
In today’s rapidly evolving financial landscape, the sophistication of money laundering schemes has reached unprecedented levels. As Anti-Money Laundering (AML) professionals, we face an ongoing challenge to stay ahead of criminals who constantly adapt their methods to exploit weaknesses in compliance systems. Traditional Know Your Business (KYB) procedures, while foundational, are no longer sufficient to uncover the … Continued
Streamline your Customer Onboarding: Navigating KYC and CDD using Innovative Technology
Striking the right balance between providing a seamless customer onboarding experience and ensuring robust compliance measures can be a delicate endeavour. This article explores strategies and best practices for streamlining the KYC/CDD process that can enable businesses to navigate anti-money laundering (AML) regulations while still enhancing the overall customer experience. The Regulatory Landscape: Understanding KYC and CDD … Continued