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The Impact of Neobanks on AML and KYC Compliance: Ensuring Security in a Decentralized Era

The Impact of Neobanks on AML and KYC Compliance: Ensuring Security in a Decentralized Era

by | Jan 11, 2024 | Blog, Events, In The News, KYC - Know Your Customer

The Impact of Neobanks on AML and KYC Compliance: Ensuring Security in a Decentralized Era

As global financial institutions collectively face the reality of managing a consumer base that has aggressively adopted an increasingly digital presence, traditional banks are also facing a rising challenge in competing against a rapidly decentralizing model of banking in the form of neobanks. Neobanks often attract customers thanks to their lower fees, convenient online access, and optimized user experience; with a forecasted growth in account holders of over 45% estimated to occur within the next three years, (source) there is no denying the importance of ensuring this decentralized method of banking is held to equal standards as classical banking entities.

Below, we’ll take a closer look at what neobanks mean for the future of AML and KYC compliance, as well as why the implementation of proven documentation and identity verification methods are critical to stopping crime in its tracks. Read on to learn more!

What Are Neobanks?

Neobanks, also popularly known as “challenger banks”, are digital banks that exist operate exclusively online, without any physical branches. Instead of brick-and-mortar locations, neobanks rely on mobile applications and web platforms and offer standard banking services such as checking and savings accounts, loans, investments, and money transfers. Moreover, neobanks often utilize their platforms to provide personalized financial advice and insights to their customers, who can access the app by downloading it onto their devices and setting up an account. Just as with traditional institutions, neobanks must also utilize verification methods to ensure the validity of their clientele, and to adhere to AML and anti-fraud legislation as per the requirements of their operating jurisdiction.

The Emergence of Neobanks in the Current Market

With major market players like Wealthsimple, Revolut, Chime, Acorns and other entities becoming household names and experiencing mass adoption across North America and Europe, it is extremely vital that digital institutions take their approach to anti-crime measures seriously.

AML and Neobanks: Navigating the Challenges and Solutions

As mentioned above, it is integral to overall market safety that even the disruptors within the industry follow AML banking protocols. AML measures play a significant role in reducing criminal activity online and require financial institutions to implement rigorous security protocols that include customer due diligence, ongoing monitoring of customer transactions, and reporting suspicious activity to regulatory authorities.

Neobanks face unique challenges in upholding some of these protocols, as a less centralized and far more opaque clientele base presents a higher risk of fraud due to behind-screen anonymity that must be rectified. In order to stay compliant, leading neobanks typically turn to vetted KYC and a robust CDD software that allows them to verify customer identitiesand produce accurate risk profiles in a streamlined, highly-efficient manner.

The Importance Of Digital Identity Verification for Neobanks

Operating entirely online may afford neobanks a lower overhead cost and expedited services for their clientele, but doing so is not without its share of increased risks and challenges. Verifying digital users is much more complex, particularly when it comes to spotting fraud attempts and uncovering additional data about figures who prefer to lurk in the deeper recesses of the market.

Digital identification methods tackle such challenges head-on with a wide array of complex verification methods, including biometric authentication, document verification, and cross-referencing multiple trusted databases across the world. While the manual application of such measures would be unviable for the majority of institutions, having a software platform like iComplyKYC makes it possible to stay on top of new applications, as well as continuously evaluate your existing client base with ease. Automating KYC processes not only dramatically increases overall efficiency across your operations, it can significantly lower expenses, and helps to avoid financial penalties incurred for failing to measure up to compliance standards.

Neobanks: An Ongoing Disruption

Neobanks are, by nature, a disruptive force within the realm of traditional banking. As new and established players vie for market dominance and seek to establish a reputation of trust and competency amongst their traditional competitors, financial and legal regulators are paying close attention to the potential ramifications of continued rapid adoption across global markets.

While such institutions provide a powerful financial alternative to traditional banking and demonstrate some of the notable potential to be found in adopting fully digital practices, they also show just how rapidly digital crime continues to adapt and seek out new opportunities to abuse platforms with poor security measures. With users steadily climbing year after year, it is reasonable to expect neobanks and their fellow industry disruptors to set a new pace and a new standard for AML regulations as these newer technologies continue to advance.

A Proactive Approach to Compliance Challenges

Partnering with a proven KYC and AML software provider like iComply is one of the best ways to stay ahead of the curve and make sure your institution has everything you need to stay compliant with evolving legislation.

Set the Foundation for Success with iComply

Learn how iComplyKYC can help you streamline your AML and KYC procedures with ease, and full compliance in over 250 global jurisdictions by contacting our team today.

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Implementing Client Due Diligence in Credit Unions: Protecting Members and Ensuring Compliance

by | Dec 7, 2023 | Blog, Events, KYB - Know Your Business, KYC - Know Your Customer

Implementing Client Due Diligence in Credit Unions: Protecting Members and Ensuring Compliance

The evolving financial and political climate of 2023 and a post-pandemic market have left financial institutions and credit unions facing unique challenges as they navigate the new and growing risks associated with conducting business in an increasingly digital world. With cyber criminals utilizing new efforts and tactics to pursue illicit activities like fraud, money laundering, identity theft, terrorist funding and channelling dollars into the drug and human slavery trade, the need to be vigilant when implementing counter-crime measures is more important than ever before.

Customer Due Diligence (CDD) plays an essential role in the fight against FinCrime and is particularly vital for credit unions to adapt to their existing security measures. CDD empowers financial institutions and businesses to remove the risk associated with partnering with unknown entities and individuals, prevents money laundering (AML) from happening within their own “walls”, and serves as a strong deterrent against opportunistic criminals looking to victimize your business.

Below, we’ll take a closer look at the implementation of CDD within credit unions, as well as the benefits of partnering with a proven KYC software vendor like iComply. Read on to learn more.

The Importance of Regulatory Compliance in Credit Unions

Credit unions operate within a regulatory framework that requires compliance with a wide range of anti-money laundering (AML) and Know Your Customer (KYC) measures. These protocols are constantly evolving as global legislators like FinCEN attempt to thwart new criminal operations and changing approaches adopted by fraudsters etc. Staying on top of compliance protocols helps to maintain the integrity and safety of financial institutions, as well as protect credit unions (and their clientele) from unnecessary risks associated with questionable actors. Failure to comply can not only lead to heft fines (2022 saw nearly $5 billion in fines issued), but can also damage your reputation and lead to unintentional association with, or liability tied to criminal networks.

Membership Verification and Eligibility

Unlike traditional banks, credit unions typically serve a much more specific group of clientele, though the grounds for membership have relaxed for most modern unions. As a result of the unique requirements for onboarding, CDD for credit unions also involves verifying an applicant’s eligibility as well as their overall risk profile. Relevant documents, including those that provide proof of employment or residency to show they share the common bond. CDD protocols for credit unions must also have robust data management capabilities to keep track of qualification information should someone change jobs, relocate, or have other changes that would effect their membership.

Thorough Loan Underwriting and Risk Assessment

Credit unions offer their clients various loan services including personal, auto, and mortgage loans. To protect the best interests of both the union and clients, CDD plays an integral role in assessing the overall risk profile of applicants, as well as their creditworthiness for the specific service at hand. Details assessed to determine loan compatibility include credit history, financial information, evaluating repayment capacity and other outstanding debts, and related data. Thorough risk assessments enable credit unions to offer appropriate loan terms, interest rates, and credit limits while minimizing the risk of default, and also reduces the opportunity for fraudulent users to misappropriate funds in the process.

Ongoing Monitoring and Transaction Analysis

Just like any other financial institution, KYC and CDD protocols mandate that credit unions must have the proper systems in place to conduct ongoing monitoring of member activities. A union’s CDD platform must sufficiently monitor transactions, identify any core transaction patterns, flag suspicious behaviour, and make it easy for the recording institution to report questionable activity as quickly as possible. By implementing transaction monitoring systems and leveraging technological solutions like the modular suite of KYC and CDD products offered by iComply, credit unions can automate the process of flagging suspicious transactions based on predefined criteria, keeping your institution above board and in line with all AML and anti-fraud requirements within your jurisdiction.

Creating a Culture of Awareness

 

Finally, while training and education regarding CDD and KYC protocols is not exclusive to security requirements for credit unions, it is integral for the successful implementation of all safety measures. Proactivity remains one of the strongest assets in the global fight against financial crime. Credit unions, as well as all market players subject to regulatory standards must ensure that all employees understand the implications and importances of upholding best practices, as well as the repercussions for failing to do so. Staff should be educated on the importance of CDD, regulatory requirements, and the identification of red flags for potential illicit activities.

iComplyKYC Your Partner in Compliance

At iComplyKYC, we know the importance of integrating CDD practices into the backbone of your organization, as well as the peace of mind that comes with having the right solutions in place. iComply’s modular suite of KYC products, helps streamlines your identification and security processes, making it easy for credit unions to manage compliance protocols.

Book a demo with our team today to learn more about iComplyKYC’s CDD solutions and discover how our platform can be customized to fit the needs of your business or organization.

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Is your AML compliance too expensive, time-consuming, or ineffective?

iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience.

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Safeguarding Society: How Customer Due Diligence Helps Prevent Global Crime

Safeguarding Society: How Customer Due Diligence Helps Prevent Global Crime

by | Dec 7, 2023 | Blog, Events, KYB - Know Your Business, KYC - Know Your Customer

Safeguarding Society: How Customer Due Diligence Helps Prevent Global Crime

With the economy facing increasingly challenging times and banking institutions having to contend with a sharp increase in digital users over the past few years, the threat of cybercrime, specifically in the financial sector, is at an all-time high. At its core, the race to implement preventative measures is about far more than saving millions of dollars from being misappropriated; Know Your Customer (KYC), Customer Due Diligence (CDD) and Anti-Money Laundering (AML) measures play a significant role in protecting vulnerable persons across the globe.

As integral pieces that stand as part of the frontline in the fight against FinCrime, taking a serious stance when it comes to staying compliant with KYC legislation is essential for all businesses and related institutions. Below, we’ll take a closer look at the real-world applications for due diligence. Read on to learn more.

A Quick Recap on CDD Basics

One of the biggest risks associated with partnering with unknown individuals and/or entities is the ambiguity that comes with the lack of an established background. Transparency helps to weed out unsavoury characters and establish trusted business relationships by:

  • Establishing a valid customer identity;
  • Evaluating and vetting an individual’s or entity’s activities and associations for alignment concerns; and
  • Assessing and establishing a calculated risk profile vetted against a multitude of details, including background, political exposure, illicit or fraudulent activities, sanctions and judicial orders, and more.Where necessary, Enhanced Due Diligence (EDD) may also be undertaken to gather further data for clients that present a higher than usual risk, come from countries known for housing excessive fraudulent activity, or for clients in industries that require an advanced level of documentation.When implemented properly, staying compliant with KYC and CDD measures helps to:

Prevent Money Laundering and Terrorist Financing

The illicit transfer of money can have several high-risk implications and cause significant harm both on an economic and humanitarian level. Criminals often exploit financial systems to hide and “legitimize” their illegal activities, and to utilize funds for nefarious purposes. Many illegal funds are used in dangerous activities that present a risk to the global community, including terrorist funding (CTF), drug and human trafficking, the sale of black market weapons, and more.

Implementing robust CDD measures helps to flag suspicious transfers, as well as pre-emptively identify entities with known associations to questionable dealings or negative associations with below-board networks. In doing so, criminal networks lose the strength of their foothold within the financial sector and have a lessened ability to move money without being detected.

Identifying Fraudulent Activities

With much of the world’s banking and asset transfers now occurring digitally, identifying fraudulent activities has become increasingly complex. Customer due diligence is a powerful tool that enables businesses to amass the necessary information to build accurate risk profiles via identification documents, utilizing trusted global databases and more. Such measures allow fraud to be detected early on, protecting your business, as well as your client base, in the process.

Mitigating Corruption and Bribery

Financial corruption and bribery pose a significant risk to the global community, particularly in countries with unstable political climates and those undergoing rapid social change. Often tied to money laundering and other illicit activities, criminal networks will use financial institutions to fund corrupt activities or individuals. Thoroughly vetting potential customers and business partners helps identify any connections to politically exposed persons (PEPs) or individuals with a history of corruption, thereby giving you the ability to avoid association and, by extension, unwitting involvement in illegal activities.

Enhancing International Cooperation

Beyond keeping businesses compliant, CDD helps to promote a global ethos of prevention and proactivity when it comes to circumventing financial crime. While it remains extremely difficult to achieve universal adoption of legislative efforts and shared standards, each step towards a shared understanding of the vital role KYC and CDD play in crime mitigation is a step towards a safer global market. By sharing customer due diligence information with international counterparts and collaborating with law enforcement agencies, businesses can contribute to a collective effort to prevent global crime and build trust among their client base at the same time.

Compliance Made Simple

At iComply, we believe in the power of having trust in every transaction, and the importance of fostering secure communities through the implementation of CDD and KYC protocols. Our world-leading, modular suite of KYC products makes it easy to compile and respond to key customer data, navigate changing legislation, and reduce the cost of fincrime compliance by automating up to 80% of your KYC protocols.

Book a demo with our team today to learn more and to ensure your business is on the right side in the ongoing fight against financial crime.

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Is your AML compliance too expensive, time-consuming, or ineffective?

iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience.

Request a demo today.

Exploring the Changing Landscape of Digital ID Verification

Exploring the Changing Landscape of Digital ID Verification

by | Nov 21, 2023 | Blog, Events, KYC - Know Your Customer

Exploring the Changing Landscape of Digital ID Verification

Robust identity verification has become an absolute necessity when combating the rapidly evolving nature of cybercrime. As technology continues to progress, mass usership and a rise in decentralized banking and other forms of cloud based services have brought importance of digital ID verification to the forefront, with legislators and businesses seeking to use this new form of identification to ensure a more secure global market.

Below, we’ll take a closer look at 5 key factors that have become points of prominent interest with the digital ID sphere; read on to learn more.

1. Biometrics and Multi-factor Authentication (MFA)

The days of relying solely on a simple login username/password as a valid gatekeeper are long since past. Cybercriminals have become incredibly adept at breaking simply barriers, and knowing how to circumvent illicit activity and fraud-proof identity verification has become a driving consideration for the security field. Biometric authentication utilizes distinct physical or specific behavioural traits to ID individuals. By relying on genetically codified or innate, extremely hard to replicate traits, biometric authentication represents a far more advanced step into the future of identity verification in the digital sphere.

Facial recognition, in particular, has become popular, thanks to its seamless integration with native user devices. Front facing cameras on smartphones has made facial recognition a viable form of verification for the masses. When added in with (or as a form of) multi-factor authentication (MFA), biometric verification has proven to be an extremely valuable form of security.

2. Blockchain and Decentralized ID

Blockchain technology has begun to emerge as a potential solution for digital ID verification, with Decentralized identity (DID) systems leveraging blockchain to give individuals more control over their personal information. Where centralized databases can be more vulnerable to data breaches, decentralized systems allow users to store ID data on a secure remote network, wherein users grant permission for specific parties to access their information, enhancing privacy and reducing the risk of large-scale data breaches. Users are also able to translate their digital ID across various online services, which creates a much more streamlined process and removes the headache of constantly having to reverify with each new service.

3. Regulatory Compliance

 

As the process and capabilities of digital ID evolve, governments across the globe are faced with the challenge of regulating verification methods. The EU, for example, implemented the General Data Protection Regulation (GDPR) and the Electronic Identification and Trust Services Regulation (eIDAS) to carefully monitor and protect how organizations collect, process, and store personal data, including identity information.

In addition to GDPR, other regulations like the Payment Services Directive 2 (PSD2) and the Electronic Identification and Trust Services Regulation (eIDAS) in Europe have begun to reshape our current understanding of digital ID verification by establishing a secure framework for standardized digital identities and electronic signatures. Businesses operating in the digital space must stay on top of evolving legislation to stay compliant and to ensure they are offering the best protection possible to their clients.

Mobile ID and Remote Verification

People are on the go more than ever before, and smartphones have become one of the biggest tools for online commerce and financial transactions. Smartphones have also become a valuable resource for digital identity verification and can be used to capture identity documents, conduct biometric scans, and verify users remotely.

C) requirements and streamline the account opening process.

Cybersecurity and Fraud Prevention

The unfortunate reality of policing and preventing cybercrime is that criminals evolve their tactics nearly as quickly as preventative measures are able to be implemented. The ongoing battle between identity verification technologies and fraudsters has led to constant innovation on both sides, with significant due diligence and proactivity required on the part of law makers and businesses to safeguard against illicit activities.

To counteract cyber threats, organizations are implementing advanced security measures including continuous monitoring, machine learning, and AI-powered fraud detection systems.

Digital identity verification presents an exciting and highly valuable opportunity for the world of cybersecurity and KYC compliance. As we continue to navigate an aggressively expanding digital market, finding ways to regulate and standardize approaches to security are essential when it comes to preventing fraud, and building a better foundation for future efficiency across multiple industries.

At iComply, we know that staying on top of evolving mandates and KYC, AML, and other digital security practices can be time consuming for businesses and institutions. We are proud to offer world leading KYC, CDD and EDD solutionsthat integrate highly effective measures like real-time confirmation and easy account monitoring to help you stay compliant while enhancing user security and experience on your home platform.

Book a demo with our team today to learn more about iComply’s AML and KYC solutions and discover how iComplyKYC can be customized to fit the unique risk screening needs of your organization.

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Is your AML compliance too expensive, time-consuming, or ineffective?

iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience.

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Navigating FINRA Compliance: 5 Key Pillars for Financial Professionals

Navigating FINRA Compliance: 5 Key Pillars for Financial Professionals

by | Nov 6, 2023 | Blog, Events, KYC - Know Your Customer

Navigating FINRA Compliance: 5 Key Pillars for Financial Professionals

With the financial sector moving faster than ever and encountering more unique circumstances due to decentralized competition at the helm, regulatory oversight has become paramount to safeguarding the integrity of the financial markets and protecting investors. The United States’ Financial Industry Regulatory Authority (FINRA) organization has become extremely vital to monitoring security firms and professionals, and ensuring compliance with ethical and responsible practices.

Below, we’ll take a closer look at 5 of the main principles asserted by FINRA, and why compliance is important. Read on to learn more.

Registration and Licensing

FINRA’s mandates enforce registration and licensing for a wide range of financial professionals including brokers, dealers, and investment advisors in a bid to ensure ethical practices and legal activity. Being verified as a documented professional helps to make sure that individuals and entities engaging in securities-related activities are qualified, competent, and accountable.

Registration and licensing processes are designed to confirm an individual’s qualifications, knowledge, and adherence to regulatory standards, and to foster a foundation of trust and transparency for clients in doing so.

Aligning Investments with Client Needs

One of the core principles of FINRA compliance is the concept of suitability and acting in client interest. Financial professionals are required to recommend investments that are suitable for their clients’ unique financial objectives and risk tolerance. Suitability requires that brokers and advisers can prove that they had a reasonable basis to believe their recommendations do in fact align with their client’s goals and that they are seeking to work in their best interest. This accountability is particularly important as it helps to protect clients from being exposed to unnecessary risk and that their investments are safe in the hands of financial advisors.

Safeguarding the Financial System

The prevention of money laundering and other illicit financial activities have become a prevalent issue for global security, and are a top priority for FINRA. AML compliance requires securities firms to establish robust programs and procedures for detecting and reporting suspicious activities as quickly as possible. These KYC (know your customer) measures verify identities and track large cash transactions to serve as a first line of defence and a valuable roadblock to circumventing criminal activity.

By implementing AML measures, FINRA aims to create a more transparent and secure financial environment, and prevent criminals from illicitly moving funds to support crimes like trafficking, weapons dealing, terrorism, and more.

Fairness and Transparency

Much as professionals are required to be licensed and registered to promote fairness and transparency, so to operational practices expected to adhere to ethical values. FINRA closely monitors sales practices, advertising, and customer communications to ensure they are accurate and balanced. Professionals and firms must provide clients with truthful and complete information about investment products and services. Without such transparency, the risk of fraudulent activity and the breaking of customer trust becomes significantly higher.

A Trail of Accountability

Proper record-keeping and reporting are vital for regulatory compliance and accountability within the securities industry. Businesses and institutions must be prepared to show proof of their compliance, and FINRA regulations mandate that securities firms maintain comprehensive records of their business activities, including client transactions, communications, and other relevant data. Compliant businesses must also maintain such records for specific period of times, and must be able to present them in the case of an examination or audit.

At iComply, we know digital security protocols are essential for FINRA compliance, and for preventing the advancement of criminal activity in the financial sector. Our modular suite of KYC, KYB, and AML products not only ensures you have everything you need to manage and maintain a wide range of jurisdictional KYC regulations and conduct risk-based assessments but also automates your customer identification and risk screening processes more intuitively than ever before.

Book a demo with our team today to learn more about iComply’s compliance solutions and discover how iComplyKYC can be customized to fit the unique risk screening needs of your organization.

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Is your AML compliance too expensive, time-consuming, or ineffective?

iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience.

Request a demo today.

KYB: Safeguarding Your Business, Enhancing Efficiency, and Ensuring Compliance

KYB: Safeguarding Your Business, Enhancing Efficiency, and Ensuring Compliance

by | Nov 6, 2023 | Blog, Events, KYB - Know Your Business

KYB: Safeguarding Your Business, Enhancing Efficiency, and Ensuring Compliance

Today’s business landscape is facing unprecedented challenges and a fast evolving tech world that highlights the need for advancing security measures. Know Your Customer and Know Your Business (KYC/KYB) protocols have become an necessity for enhancing security, efficiency, Anti-Money Laundering (AML) compliance, B2B conversion rates, and reducing operational costs. With international legislators becoming increasingly more strict with compliance, KYB has moved from a “nicety” to an obligation for modern businesses.

Below, we’ll explore how KYB is transforming the business landscape and why it’s indispensable for your company’s success.

Shielding Your Business from Threats

 

When it comes to preventing criminal activity, proactivity trumps reactivity. Digital security necessitates that businesses take control of their vulnerability to cyber threats wherever possible and ensure they have proper measures in place to combat fraud, money laundering and other illicit activities. The core objective of KYC and KYB protocols is to verify the identity of partners, suppliers, and clients and to assist in the creation of accurate risk profiles that allow you to act with confidence. KYB initiatives ensures you are partnering with legitimate entities, and helps to act as a virtual shield against unknown malicious actors by protecting you from becoming entangled in fraudulent schemes or illicit money transfers.

Streamlining Operations

 

Knowledge is power, and one of the most fortuitous benefits of utilizing KYB protocols effectively is that they greatly streamline your overall operations by removing ambiguity and undue risks. KYB/KYC software platforms in particular automate the identity verification process and remove common human errors and headaches that can cause more problems than benefits. This automated efficiency in turn allows you to expedite your onboarding process and free up valuable resources for other operational needs instead of being stuck at a standstill.

Meeting Regulatory Obligations

As mentioned above, in the present business landscape, AML compliance is non-negotiable. Failure to meet AML requirements can result in severe penalties, reputational damage, and legal consequences. KYB ensures that your business remains fully compliant with AML regulations, and that you are able to screen business entities against sanctions lists and identify any suspicious activity with ease. By staying compliant, you engage in a global stance against crime, avoid costly fines, and help to contribute to effective preventive measures.

Boosting Your Sales

KYB isn’t just about security and compliance; it’s also a potent tool for enhancing your bottom line. By streamlining the onboarding process for your business clients, KYB contributes to higher B2B conversion rates.

Businesses are more likely to engage with partners and service providers who offer a seamless and efficient onboarding experience. KYB provides just that, making it easier for other businesses to choose you as their trusted partner. This improved client acquisition process can be a significant driver of growth and revenue.

Cost-Efficient Solutions

One of the biggest costs to any business are inefficiencies. In addition to boosting your security capabilities, KYB software helps save on overhead costs by automating identity verification processes and minimizing the need for manual checks, ultimately lowering your labour and administrative costs. In addition, avoiding costly fines due to non-compliance protected your financial bottom line, and allows your business to grow ethically and efficiently.

KYB Compliance Made Easy

At iComply, we know that streamlined KYB software is one of the best ways to stay on top of compliance standards, avoid fines, and build a foundation of trust among your peers and clientele. Our modular suite of KYC, KYB, and AML products ensures you have everything you need to manage and maintain a wide range of KYB regulations for over 250 unique jurisdictions and conduct risk-based assessments in real time.

Book a demo with our team today to learn more about iComply’s compliance solutions and discover how iComplyKYC can be customized to fit the unique risk screening needs of your organization.

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Is your AML compliance too expensive, time-consuming, or ineffective?

iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience.

Request a demo today.