Cifas announce PassFort as its newest Direct Agency

Cifas is a not-for-profit fraud prevention service in the UK. Its mission is ‘to detect, deter and prevent fraud in society by harnessing technology and working in partnership’. And PassFort is delighted to become a partner.

Posted by: 
Alexis Fox-Mills
  |  
Mar 30, 2020

London, March 26, 2020: Cifas is pleased to announce that PassFort Limited is the latest Direct Agency to offer Cifas data to organisations using its platform.

PassFort enables regulated organisations the world-over to orchestrate intelligent, risk-based customer due diligence. Its SaaS solution accelerates end-to-end onboarding processes, and provides robust data to support ongoing fraud and compliance checks, and risk management.

The PassFort platform has three parts: Policy Builder; The Portal; and the Integration Hub. Each part has its own unique purpose, allowing clients to undertake a number of tasks such as creating digital compliance policies; managing application, escalating and controlling ongoing risk; and carrying out robust KYC, KYB, AML, Fraud and other compliance checks.

When Cifas members use PassFort, they can integrate the Fraud Risk check into their overall due diligence and compliance checks. PassFort is simple to integrate and can be easily used alongside other Customer Relationship Management tools.

The technology provides a clear workflow of tasks to be completed for due diligence, which can now incorporate the Cifas check, enabling smoother onboarding and smarter decisions business-wide.

“Financial crime and fraud are both a concern and a cost to organisations on a daily basis. We are very pleased to be partnering with Cifas to provide its members with the ability to complete fast and efficient Fraud Risk checks” said Donald Gillies, PassFort co-founder and CEO. “Integration with the PassFort platform will provide another layer of assurance for organisations during onboarding and while managing ongoing risk.”

Lee D’Arcy, Commercial Director at Cifas, said “We are extremely pleased to welcome PassFort into our community and enhance the choices our members now have as to how they can access and use Cifas. We continue to open new Direct Agency channels which extends the ability to spot and detect fraud, and we look forward to a good collaborative relationship that will benefit all.”

For more information about PassFort, or to begin using its services, please email info@passfort.com.

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