About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Kompli-Global Launches Remote Corporate Onboarding Platform

Subscribe to our newsletter

AML specialist Kompli-Global has launched Kompli-QED, a new remote corporate onboarding platform, in a bid to help financial firms fight an increase in COVID-19 related fraud and financial crime. The AI-based platform facilitates activities that regulated entities, such as banks, payment providers, accountants, estate agents and law firms, must undertake as part of their compliance strategy, providing access to a remote suite of software solutions including “best of breed” third-party offerings.

These include the world’s first ‘connected’ global company registry, Kompli-Konnect, which automatically analyses corporate records and accompanying data on persons of significant control, allowing regulated entities to instantly identify links between individuals with other corporate entities, as well as persons of interest.

Risk indicators allow the client to make an appropriate risk assessment and verify whether a customer – new or existing – is potentially connected with any individual or company linked to known security risks.

The platform also incorporates a range of other checks essential to the KYC onboarding process, including Kompli-Global’s existing Kompli-IQ and IQ plus, which use more than 500 search terms in 65 languages to perform real-time searches of the web, deep web and global government, regulatory and institutional databases to identify any adverse information on new and existing customers that could link them with financial crime. The technology is performs automatically 24 hours a day, seven days a week, and alerts human compliance managers when new relevant information is found.

The API-first platform is designed to integrate with existing platforms rather than requiring a ‘start from scratch again’ approach, while it can also operate as a batch driven system and produce a nightly feed of data for institutions that want to retain their legacy systems. It also offers additional identity verification services including document authentication, digital image and video capture, PEP and sanctions screening, flag and alert risk indicators, enhanced due diligence (EDD) research reporting and video interview recording, and secure document and file transfer.

“Money laundering and fraud are serious crimes with significant negative consequences for businesses and individuals and society as a whole,” says Kompli-Global CEO Jane Jee. “If they want to ensure they are not enabling financial crime, it is imperative that regulated businesses do all they can to enhance their KYC processes to both keep criminals out and report suspicious existing customers.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Detecting and preventing market abuse

Market abuse – unlawful disclosure of inside information, insider trading, circular trading, “pump and dump” schemes, etc. – poses significant threats to the integrity of capital markets. In 2024, global trading house Trafigura agreed to pay a $55 million fine to the U.S. Commodity Futures Trading Commission (CFTC) for trading with non-public information, manipulating a...

BLOG

From AI Sprint to AI Live Testing – FCA Leads the Way

The UK Financial Conduct Authority (FCA) recently published its Proposal For AI Live Testing engagement paper outlining a 12-month pilot inside the regulator’s AI Lab. This is designed to enable firms with production-ready AI models to trial them in controlled live-market conditions, under close FCA technical and supervisory support, exploring output-driven validation, model-risk safeguards and...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...