Our AML System
Our AML System
Idenfo provided technology solutions to an investment company, which was also an arm of the one of the largest banks in Pakistan, to help them build a seamless, end-to-end onboarding solution that not only screened the customers at the time of application, but also comprised holistic AML Compliance capabilities and was compliant with the regulator. The seamless onboarding has been integrated on the Investment firm’s website.
An investment management company, which also happens to be the arm of one of the largest banks in Pakistan, manages open-ended mutual funds and offers investment advisory services. The company required a compliance solution that would support a seamless end-to-end onboarding solution by not only screening the customers at the time of application, but also comprised holistic AML Compliance capabilities and was compliant with the regulator. As such, they were looking for a partner to assist them in designing their onboarding journey with a backend AML engine.
Technology and Compliance experts at Idenfo helped produce an onboarding journey that offers a smooth, easy-to-use, and optimised client-centric onboarding journey while fulfilling all the latest, key regulatory and compliance requirements. By offering an optimised journey, not only was the investment company able to attract more clients, but also saved on time and costs by automating screening processes and reducing the need for manual checks.
The Idenfo team:
for the Investment firm including the workflow,
risk review and names creening aspects of
• The features of the system include:
– Facial recognition & Liveness Check
– Risk rating
– Name Screening against global & local lists
– Adverse Media Checks
– PEP Screening
• Offered Digital KYC remediation