KYB
Update bespoke KYB business risk assessments with ease
Business activity shifts, so investigations need to keep pace. With RelyComply, keep an eye on all your partnerships, no matter what changes.
Arrange a demoAchieve 80% fewer incorrect alerts
Flag high-risk profile checks
Integrate business risk assessments seamlessly
The road to Enhanced Due Diligence
Business risk assessments ensure that various stakeholder’s and company owners’ financial activities are kept in check beyond onboarding. This consistent due diligence is difficult and demands a flexible solution that can adjust risk ratings as any business partnership develops.
Consolidating data into a single platform stops compliance teams from scrambling for information across multiple systems and helps funnel high-risk persons or parties into more advanced investigations. Nullifying suspicious actors is far easier in one place, which is RelyComply.
Your AML partner in an ever-changing world
Stay agile, stay safe
It’s imperative to be able to increase risk factors for certain merchants (including those with high transaction rates or operations in certain countries)—RelyComply helps you adjust case-specific thresholds simply.
Document management simplified
RelyComply combines risk data from many trusted sources and allows manual document upload to unite all valuable risk assessment data.
Adaptable to regional rules
KYB regulations can differ for jurisdictions around the world. With customisable business risk assessment calculations and rules, stay compliant no matter which country you operate in or with.
Automated checks for high-risk profiles
If your pre-set thresholds are breached, merchants can be elevated for enhanced due diligence to discover any related matches according to adverse media, PEPs, and sanction lists.
Get started with RelyComply
Integrate with ease
Simply add your existing business risk assessment process to the RelyComply platform.
Improve your accuracy
Risk assessments are more valuable when set by the business in control - our solution provides the flexibility to do so.
Allocate resources
With automation, compliance teams can investigate only high-risk profiles, reducing costs by 30%.
Lower false positives
Accurate risk matching from single source data accounts for up to 80% fewer incorrect alerts.
Quick KYB 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
RelyComply’s AML innovation recognised by the newly launched FinCrimeTech50
We’re proud to announce that RelyComply has been included in the first edition of the FinCrimeTech50 list, founded by specialist research company FinTech Global. The list celebrates trend-setters and pioneering technology companies reinventing the anti-money laundering (AML) and fraud prevention space. The timing is perfect: an estimated 50% of financial institutions are searching for new solutions … Continued
Revolutionising AML Compliance: The Impact of AI-Powered Transaction Monitoring
Advancements in RegTech are having a crucial effect on financial services’ approach to achieving AML compliance. Automation processes can provide accurate real-time risk alerts and continuous KYC, reducing manual work and, more importantly, the threat of laundered money moving through the system. Fuelling this tech revolution is AI, whose generative functions are reshaping operational processes … Continued