Onboarding, KYC & AML (RegTek+) Solution
A Complete Client Lifecycle Management, KYC & AML (On-Premise and SaaS) Solution which streamlines all your day-to-day compliance operations, from Onboarding to client acceptance, transaction monitoring and screening, detecting suspicious activity and managing investigations
The Future is RegTek+
Automate the ID verification process and collection of data (e.g. economic profile, documents) through your own custom client portal for individuals and corporate entities.
Speed up the AML compliance process with automatic risk assessment, electronic identity checks, PEP and Sanction checks on new and existing clients and on an ongoing basis.
We perform real-time transaction monitoring and Screening and post-transaction monitoring to detect fraud and money-laundering anomalies using rule engine and machine learning predictive models.
Real-time data and Decisions. We’ve built a powerful next-generation AML technology which disrupts conventional thinking related to Onboarding Compliance Profile Management, connecting multiple data repositories and Transaction monitoring & Screening.
Client Lifecycle Management (Onboarding and KYC)
RegTek+ Platform
Near real-time onboarding that will free up time for your compliance officers and create a smooth experience for your clients by eliminating false positives with the use of global AML databases.
- Manage all KYC Data through a centralised platform (RegTek+).
- Streamline your compliance using our workflow engine.
- Automatic AML Risk Evaluations & Flexible Risk Assessment.
- Mitigation Action Monitoring.
- Whitelabel Client portal with Video conference embedded.
- Help you Onboard Legal Entities & Individuals.
- Face Liveness Detection & Peer-to-Peer Video technology.
- Verify the authenticity of identity documents.
- Extract information automatically from identification docs.
- Biometric Authentication through Face Matching.
- AML Screening - PEP, Sanctions and Watchlists.
- Access to company data from 100 corporate registers .
- Rest API driven solution; Onboards a customer in 30 seconds.
Risk Assessment
RegTek+ Platform
An Advanced risk scoring and assessment tool that evaluates AML risk based on parameterised risk factors.
- Multijurisdiction & Multi Regulator parameterisation.
- Manage several Regulation groups within the same AML instance.
- Set up weight allocation on risk parameters.
- Qualitative and quantitative criteria used for risk scoring.
- Customisable risk factors which include country risk, delivery channel risk, product/service risk, customer risk.
- Set up your own Risk Evaluation Levels (Low, Low-Medium, Medium, Medium-High, High, Extremely High).
- Set up dynamic criteria parameters which automatically assess clients as high risk (e.g. PEP, High Risk Country parameters).
AML Transaction Monitoring
RegTek+ Platform
Accurately identify behavioural changes in client transactions, and receive in-depth alerts showcasing possible money-laundering scenarios while taking into account all parties involved.
- Higher catch rates and fewer false positives.
- State-of-the-art machine learning.
- Detect suspicious activity, both individually and compared to a peer group.
- Real-Time Monitoring.
- Configurable Rule Engine.
- Use Machine Learning Predictive Models.
- Integrated Case Management.
- Flexible API Integration.
Transaction Screening
RegTek+ Platform
Enables you to perform screening against a sanctions list database and detect risk in beneficiaries, senders and other data elements within the payment messaging.
- Reduces false positives with state-of-the-art machine learning.
- Seamless API integration.
- Parse payment messages such as SWIFT, SEPA and ISO20022 before screening them.
- Enables you to configure your workflows to map to your own internal processes.
- Minimises the need for human tuning and intervention.
- Local Blacklist & Whitelist Management.
- Flexible Case Management.
PEPs, Sanctions, Adverse Media Monitoring
iKYC Platform
Powered by global databases, this offers a dynamic risk identification of politically exposed persons, real-time monitoring of comprehensive sanctions data, and enhances the workflow of compliance screening with a plethora of negative news while minimising false positives.
- Access Watchlists through web portal (iKYC.eu) or Rest API.
- All the Global Watchlists in one comprehensive resource.
- Real Time Checking against Sanctions lists, PEP lists and Negative news.
- Daily updates of Watchlists.
- Minimise your risk with our comprehensive high-risk data sets.
- Connectors to several major Data Providers.
Digital Identity Verification & Screening
iKYC Platform
Your One-Stop Identity Verification Resource.
More and more companies are required to know the true identities of their customers before conducting business with them. With iKYC, you can deploy independent reference data in a fast, low friction and affordable way to instantly verify the identities of customers, partners, or counterparties, no matter the person’s country of origin.
- International Digital Identity Verification (e.g. Governmental databases, Utility lists).
- Video KYC Interview (automatic or through your agent).
- Electronic Document Verification.
- Liveness detection Selfie.
- Facial Biometric Authentication.
- Know Your Business - Single Connector to 100 Corporate Registrars.
- Sanctions, PEP and Adverse Media Screening.
- Fraud Risk Analysis.
Why RegTek+
- All in one AML & KYC vendor.
- Automated Know your Business.
- Global KYC Compliance via hundreds of Data sources.
- Centralized Compliance and Case repository.
- Seamless onboarding and ongoing monitoring.
- Regulatory Rules Engine.
- Peace of mind for you with true compliance.
- Highly configurable API.
- Quick Implementation.
- Easy parameterization, risk -based approach.
Client Stories
XM Trading Point
XM is an established international forex broker firm and a true industry leader. XM chose iSPIRAL to address its compliance obligations and at the same time maximizing productivity.
