Contemi partners with GBG to automate KYC, AML & Verification processes for its Onboarding solution

By Edil Corneille

Contemi Solutions, a global FinTech provider, announced that it has partnered with GBG, a global specialist in Identity Data Intelligence, to fully integrate its Onboarding solution with GBG’s Identity Verification solution for automated KYC, AML and customer verification capabilities. GBG uses layered identity document verification and biometric checks to authenticate customers in real time for a safe onboarding process.

This integration will allow Contemi clients and financial services institutions to fully automate its Anti Money Laundering (AML) checks and Know Your Client (KYC) processes and deliver a paperless onboarding experience via a single API without compromising security. It will reduce the processing time to minutes and the PEP and sanction monitoring will provide ongoing support throughout the client lifecycle.

Contemi’s Onboarding, a mobile-friendly cloud-based solution, which is a key module in its Client Lifecycle Management solution, delivers seamless, end-to-end customer journeys and client lifecycle management on a single platform. The solution can be implemented as a stand-alone solution to sit alongside an existing platform or integrated within the Contemi suite.

Kean Williams, CEO of Contemi Europe commented, “Integrating our global Onboarding platform into GBG’s offering is an important part of our vision to provide cutting edge, client-centric technology solutions that help financial institutions to deliver the highest levels of security, privacy protection, and exceptional customer experience.

With social distancing likely to remain in place in the post-pandemic world, firms depending on paper-based ID checks will need to switch to e-verification processes in a bid to keep their businesses running efficiently. With this integration our clients can do it all remotely – reducing exposure to AML/KYC burdens, protecting their businesses from fraudsters, freeing up time for compliance teams to focus on high-risk cases.”

Kean added, “The collaboration will help Contemi to continue its expansion in Asia, Australia, Europe and beyond as GBG have global coverage and will help our clients across these markets.”

Simon Vallis, Global Partnerships Account Director, GBG enthused, “We are extremely pleased to be partnering with Contemi. Helping our customers deliver a seamless experience, whilst establishing trust is at the core of what we offer as a business.

The partnership will offer a compelling solution to the market, which accommodates safe and secure customer journeys. Combining GBG’s market-leading technology, data and expertise, with Contemi’s full function platforms, across a burgeoning global customer base presents a very exciting proposition.”