- Clever compliance expertise firm Napier has teamed up with consumer lifecycle administration platform KYC Portal.
- The partnership wil assist corporations remove the issue of siloes in compliance operations by integrating know your buyer (KYC) and compliance processes.
- KYC Portal made its most up-to-date Finovate look at FinovateEurope in 2019.
Clever compliance expertise firm Napier and consumer lifecycle administration platform KYC Portal have introduced a brand new partnership. The 2 corporations will work collectively to assist corporations combine know your buyer (KYC) and compliance processes, eradicating the issue of siloes from compliance operations.
KYC Portal’s KYC Portal CLM is a Buyer Due Diligence (CDD) and anti-money laundering (AML) orchestration platform. The answer works in real-time to automate, centralize, and simplify the due diligence course of. KYC Portal CLM boosts effectivity with a dynamic workflow that reduces each danger publicity and the associated fee to take care of that danger. Integrating KYCP’s expertise with Napier’s transaction monitoring module will present sooner, extra correct alerts to compliance professionals.
“KYC is the power to know your buyer, their exercise, and whether or not it poses danger to your group,” KYC Portal founder and CEO Kristoff Zammit Ciantar mentioned. “With information on your entire buyer lifecycle, from onboarding and past, compliance groups are empowered to have a better view on buyer danger.”
Based in 2008, KYC Portal most lately demoed its expertise at FinovateEurope in London in 2019. On the convention, the corporate demoed its compliance answer that allows organizations to collate all information on topics underneath evaluation. This information resides in a single, centralized, safe repository with customizable parameters, guidelines, person rights, and collaborative performance.
KYC Portal started the month with information that its platform had earned a spot on the RegTech 100 for 2024. Earlier this yr, the Malta-based firm introduced an integration with world identification verification platform Shufti Professional. KYC Portal additionally introduced this yr plenty of platform enhancements to make integration with third-party information sources simpler.
Trying to demo your newest fintech innovation? Purposes at the moment are being accepted for demoing corporations at FinovateEurope in London, February 27 and 28, 2024. Go to our FinovateEurope hub for extra!
Picture by Polina Kovaleva
