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Swift, safe and secure AML for any Bank
Tackle the balance of compliance costs with growing threats using a single, powerful KYC/AML solution.
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Revolutionise cross-border financial flows
From traditional houses to app-focused neobanks, innovation has reinvigorated the entire ecosystem. However, this does not deter criminal opportunities through crypto or other digital assets, exploiting inefficient legacy systems and confusing, siloed data sources that blight the industry.
Being in control of compliance starts with a single platform, from onboarding the right customers to protecting their accounts and the system from bad actors through AI-based detection. Even with regulators being forced to tighten their anti-fincrime controls, RelyComply’s flexibility enhances every AML step better in managing money movements in this rapidly ever-changing world.
One solution for every need
Integrating with existing systems and driven by AI’s automated data processing, it instils smooth end-to-end onboarding, transaction monitoring, screening, and more from a single customer view.
Take advantage of AI
Surface suspicious activities in real-time according to your bank’s risk appetite and business needs without costly and cumbersome manual intervention, lowering false positives by up to 40%.
A scalable solution in a modern world
Configure your risk thresholds, collate trusted data sources, and adapt to differing payment standards to stay ahead of inevitable requirements from global watchdogs as and when they happen.
Quick AML insights
KYB vs KYC: Understanding the Differences and Importance in AML
This article discusses the nuances of KYB vs KYC, exploring their differences, importance, and implementation in the context of AML compliance. As regulatory scrutiny intensifies, financial institutions must implement comprehensive due diligence measures to mitigate risks associated with money laundering, terrorist financing, and other financial crimes. At the heart of these measures lie two critical processes: … Continued
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
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Strengthening the compliance capabilities for banks and neobanks starts with better technology and efficient workflows that are fit for the future. RelyComply can help with that!
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