back Back

Kompli-Global launches screening solution – Kompli-Reveal

By 8

August 05, 2020

Share

RegTech AML specialist, Kompli-Global, has today announced the launch of Kompli-Reveal, a screening solution powered by AI and human expertise for providing companied with latest information on their client bases. The new solution is expected to screen existing client bases for organisations to reveal their real-time status and allow reconciliation of the data.

Jane Jee, CEO of Kompli-Global, explained, “It is understandable that fraudsters don’t want financial organisations to understand this technology or use it widely. It is accurate, cost-effective, and takes minutes to provide regulated entities with the most complete and update information on their customers. We’re pleased to be taking the fight to fraudsters, money launderers, and suspicious customers that once onboarded proceed to get up to no good.”

According to Kompli, the first stage of the process uses Kompli-Konnect for searching for corporate registry data. The information is then reconciled against the records submitted to Kompli-Global by the client.

Once the information is appropriately analysed Kompli-Global can then screen the relevant entities through various data processes, including Kompli-RiskCheck, to reveal potential scenarios that may expose a client to increased risk or non-compliance. These include PEPs and Sanctions checks but now with more accurate data to input. Finally, Kompli-IQ (directories and watchlists) and Kompli-IQplus (adverse media) are used to check for any negative information.

Jee added,  “We have already had positive feedback from companies using this system that has presented clear examples of onboarded customers changing trading names and directors to which the organisations are unaware of. Typically, for the companies we have worked with, 10% of their customer base have details that have changed, and by using Kompli-Reveal, we can ensure they remain compliant and free of potentially damaging consequences.”

Previous Article

August 05, 2020

Standard Chartered partners with Truera to tackle unjust bias in AI assisted decision making

Read More
Next Article

August 05, 2020

Top 7 FinTech funding rounds (America) – 2020

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 20, 2025

TCS partners with The Cumberland to modernise core banking in the UK

Read More

March 20, 2025

Temenos opens Innovation Hub for banking technology in Florida

Read More

March 17, 2025

The banking boom: Is digital innovation just a gloss over old systems?

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More