Altum Group is a leading international provider of Fund, Corporate and Family Office Solutions with more than 140 dedicated employees in Jersey, London, Luxembourg and South Africa. They specialise in providing high value services including corporate, fund, family office and loan agency services, along with tax and regulatory compliance, accounting, financial reporting and trustee services to the private equity and venture capital, capital markets, real assets, private debt and family office sectors.
As a prominent boutique firm in the offshore financial services sector, Altum Group is committed to staying at the forefront of technological innovation to meet the evolving needs of their clients. They have carefully and thoughtfully put together an extensive and growing best-in-class technology platform that underpins the provision of high quality, personalised and easy to use services for their clients.
As part of this effort, they recognised the need for a streamlined and efficient onboarding process that aligns with their ambitious growth plans and seamlessly integrates with their core business platform, NavOne. To help deliver this, Altum chose to partner with KYC360, a leading KYC platform vendor renowned for its deep subject matter expertise and commitment to customer success.
Having carefully evaluated various vendors, KYC360 was chosen for its ability to deliver on the requirements providing the technology and the service Altum was looking for.
Altum’s Goals:
Altum had identified several opportunities with their legacy onboarding process. Being largely manual, static information forms would be sent to business and individual high net worth clients. Having to handle both simple and complex client onboarding processes doesn’t work with a static list of questions and going back and forth with a client during the process has been an inefficient way to gather information.
A key feature of the KYC360 solution is dynamic information request forms where the form can change as information is being entered to collect what is required based on the responses provided by the client.
Rather than realising additional or different forms also need to be sent to them, the forms can change dynamically based on customer profile and circumstances. That saves a huge amount of time and effort.
Altum Group and KYC360 worked together on addressing other key requirements for the solution:
Throughout the implementation process, Altum were consistently impressed by KYC360’s substantive team, operational maturity and profound understanding of compliance, regulation, and financial crime prevention.
As the system goes live, Altum have high expectations for the success of the solution including:
The collaboration between Altum Group and KYC360 is a testament to the power of technology-driven solutions in transforming complex compliance processes. As Altum strides down the path of enhancing their services to clients and working towards their growth ambitions, KYC360’s innovative onboarding and screening tools are poised to increase operational efficiency, enhance risk mitigation and free up the resources to drive the next phase of Altum’s growth.
The partnership showcases KYC360’s commitment to being a trusted and valuable partner, leveraging its deep subject matter expertise to meet the unique needs of its clients in the areas of compliance, regulation and combating financial crime.
Reduce time to value, enhance customer experience and drive operational efficiencies with solutions designed by industry experts. Transform your compliance processes into a competitive advantage with KYC360’s award-winning technology. KYC360’s suite of Customer Lifecycle Management software solutions is designed to transform your business processes enabling you to outperform commercially through operational efficiency gains and superior CX whilst remaining fully compliant with evolving regulatory standards. Consolidate your system stack and data vendor relationships with one platform to cover all Onboarding, pKYC and Screening tasks featuring pre-integrated data sources under a single license agreement. Architected for rapid deployment with guaranteed rapid ROI the KYC360 end-to-end no-code SaaS platform is flexible, fully configurable and modular so that you option and pay only for the functionality you need.
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