Financial services firms have to define, implement and manage their approach to AML. Firms need to be able to detect and report money laundering or suspicious activity. This duty starts when onboarding new customers, but it doesn’t end there. So, what does constitute a solid approach to AML throughout a customer's lifecycle?
Using automation to complete your customer onboarding journeys means processing more applications more quickly, while complying with any form of regulation in any jurisdiction for any product. Smart!
PassFort Connect is our latest solution that offers a world of data providers to build into your workflow of onboarding checks through a single integration. A first step on the path to digital KYC.
5years ago, Donald Gillies, PassFort's co-founder & CEO, wanted to transform the way trust and compliance were managed online. From that vision to the realities for our regulated customers today, PassFort is changing and growing CLM one process at a time.
Get insight from David Cowland, Head of Compliance Ops at Fidelity International, on tackling the thorniest of compliance issues with the latest digital approaches.
PassFort has created an eco-system for compliance activity. We work with clients to map different providers and checks to achieve their goals. Here, we're on the case for seamless onboarding with our partner, GBG.
PassFort has worked with the crypto giant, BitPay, for more than 2 years honing KYC processes for onboarding and ongoing risk management.
Financial institutions need to balance creating a fast, frictionless onboarding experience for customers with super-robust compliance processes. Thinking about a fuller range of checks in the path to onboarding can help.