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Crowdfunding and investment platform Bricksave has selected Contego for its anti-money laundering (AML) and know your customer (KYC) needs. Contego will aid Bricksave in its global checking requirements, including PEP checks and sanction checks alongside the usual AML and KYC capabilities.

The fraud detection program will perform “complex, multi-source checks on individuals at high speed” and will help with the rapid onboarding of new customers as well as improving engagement. “After looking into various fraud detection providers, we have chosen Contego because the platform is the only one that provides access to all the data sources we need in order to meet our regulatory requirements,” says Tom de Lucy, CEO of Bricksave. “We have a global customer base and need a platform that can handle international checks quickly and securely, to enable us to make timely and informed decisions about our customers and onboard them quickly.”

Adrian Black, CEO of Contego, adds: “Our aim is to simplify and improve Bricksave’s customer onboarding process by taking the pain out of the regulatory background checks and making them as frictionless as possible.”

By Alex Hamilton

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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