Banks, credit unions, Forex and other financial institutions must meet the highest standards of compliance and security. Ensure proper KYC, AML, CFT, and other processes and avoid making a mistake that can be costly.
Ondato solutions allow you to be sure that compliance is taken care of and that you can focus on your core business. Ondato helps large banking institutions move into the digital space and provide their services there. Solutions help not only to identify individuals but also to collect information about legal entities. The information about the company’s structure, UBO’s, financials and in some cases even credit reports are being delivered for compliance to evaluate.
When an institution needs to keep control over their existing customer base using a single UI interface – it uses the Ondato Compliance CRM tool. Compliance officers can log in into the platform, set-up monitoring rules, risk scoring rules, perform periodic data screening and submit regulatory reports or SAR.
Ondato provides a complete compliance management suite starting from both photo and live video identity verification, data monitoring, screening, due-diligence, risk scoring and case management all in one place. Ondato platform accepts internal procedures and is banking core friendly.