Fintech
Reduce risk and improve customer satisfaction.
Ensure compliance and efficiency while positioning your company as an industry leader by offering a superior customer experience.
Streamline your business processes
In the rapidly evolving world of financial technology, staying ahead of the curve is paramount. To maintain momentum, fintech companies must continuously innovate and streamline their operations. One of the most effective ways to achieve this is through the automation of business processes, particularly in areas like Know Your Customer and Anti-Money Laundering.
Smooth digital customer journeys
Provide awesome customer experiences and improve business performance by digitising, automating and personalising your:
B2B and B2C customer onboarding
KYC/AML processes
Power of attorney forms
Agreements and contracts
Checkout solutions
AML, KYC and business risk
Reduce manual work and mitigate risk through AML automation. Collect, verify and monitor crucial business information with ease.
PEP and sanctions screening
Beneficial owners and board members
Company group and owner structure information
Bankruptcies and fraudulent behavior
Key financial figures
Monitoring and quality assurance
Your decisions are only as good as your information. That’s why customers use our monitoring services for:
Updating CRM, ERP and other systems
Cleansing outdated information
Identifying new prospects
Ensuring regulatory compliance over time
Ongoing due diligence (ODD)
Case
P:E Accounting ensures compliance through real-time data and automation
By integrating customer data APIs, P:E Accounting can effortlessly conduct thorough audits and streamlined compliance efforts, reducing manual work and distributing responsibility across the organization.
Choose your way to plug and play
We offer services that effortlessly integrate with your workflows.
Integrate and automate
Choose from more than 50 APIs and monitoring services filled with company and person data.
Search and monitor
Control and monitor company and person data through our web app – or in Salesforce CRM.
How fintech companies can benefit from automating business processes
1. Efficiency and speed
Automation can drastically reduce the time taken to process customer information. Instead of manually checking documents and cross-referencing data, automated systems can do this in a fraction of the time, allowing for faster customer onboarding and transaction processing.
2. Cost savings
By reducing the need for manual labor and minimizing errors that can lead to regulatory fines, fintech companies can significantly lower their operational costs.
3. Enhanced accuracy
Human error is inevitable in manual processes. Automated systems, on the other hand, ensure that data is processed consistently and accurately. This not only reduces the risk of costly mistakes but also ensures that the company remains compliant with regulatory standards.
4. Scalability
As fintech companies grow, the volume of customer data they handle also increases. Automated systems can easily scale to accommodate this growth, ensuring that the company can manage larger customer bases without compromising on service quality.
5. Improved customer experience
Customers today expect quick and seamless experiences. By automating their processes, fintech firms can offer faster account approvals and transaction processing, leading to higher customer satisfaction and loyalty.
6. Data analytics and insights
Automated systems can also provide valuable insights by analyzing customer data. This can help fintech companies understand customer behavior, predict market trends, and tailor their services to better meet customer needs.
7. Risk mitigation
AML and KYC regulations are in place to prevent financial crimes like money laundering and fraud. Automated systems can more effectively identify suspicious activities and flag them for review, ensuring that companies are not inadvertently facilitating illegal activities.
8. Consistency and standardization
Automation ensures that every customer undergoes the same rigorous checks, ensuring consistency across the board. This standardization is crucial for maintaining the integrity of the company's processes and reputation.
9. Integration with other systems
Automated KYC and AML systems can be integrated with other business tools and platforms, creating a cohesive ecosystem where data flows seamlessly between different departments and functions.
10. Staying ahead of regulatory changes
Regulations in the financial sector are constantly evolving. Automated systems can be updated more easily to reflect these changes, ensuring that fintech companies remain compliant at all times.
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