TCSPs face enhanced regulatory scrutiny because of the inherent vulnerabilities of their products and services to criminal exploitation. The complexity and multi-jurisdictional nature of many of the structures they administer makes the compliance challenge they face very difficult. Historically TCSPs have attempted to meet that challenge by hiring more and more staff but there is now a growing recognition that it is impossible to comply effectively and efficiently without without technology.
The most forward thinking and successful TCSPs are now investing in next generation customer onboarding, screening and pKYC solutions that help them achieve a virtuous circle in which the way they comply allows them to outperform commercially by doing more, better business, faster.
An in-depth look into the issue to help you to identify weaknesses in your existing compliance framework.
Compliance process transformation
Replace manual, error-prone compliance tasks at onboarding and throughout the client lifecycle with automated, risk-based and flexible solutions that allow you to accelerate your time to revenue and customer time to service without compromising compliance assurance.
Meet regulator expectations fast
We leverage the lessons of over thirty years of compliance experience in the legal profession and financial services industry to help firms accelerate their ability to comply with new and rapidly evolving regulatory standards.
Outstanding client experience
Achieve a competitive advantage by complying with award-winning technology that delivers a first-rate client experience.
Ease of integration
Ease of integration with your existing systems is vital to rapid ROI. Our no-code solutions can be configured, integrated and deployed either on-premise or with two-way RESTful API solutions to best suit your requirements in multi-tenanted or private cloud infrastructures.
Evolving regulatory landscape
Regulatory requirements and compliance obligations are continually evolving in your industry. Staying up to date with these changes and implementing necessary adjustments to processes and systems can be challenging.
Addressing requirements across multiple jurisdictions
TCSPs often operate across borders where the regulatory environment can change. Being able to define and enforce risk-based profiles and standards across jurisdictions, better protects businesses.
Complex ownership structures
Dealing with complex ownership structures involving trusts, foundations and corporate entities can tax the most well-organised business, to say nothing of identifying and verifying the beneficial owners, directors, shareholders, beneficiaries, and the connections between them across multiple jurisdictions that is often required.