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

A-Team Insight Blogs

KRM22 Launches Digital Client Onboarding Application

Subscribe to our newsletter

Risk management technology provider KRM22 has partnered with Veridate Financial Limited to add a digital onboarding service to its Global Risk Platform, helping customers to more effectively comply with KYC and AML requirements.

The new solution is targeted at discretionary wealth managers, financial services administrators and regulated platform operators, offering an integrated Software-as-a-Service (SaaS) solution that claims to reduce back office costs by up to 40% through its workflow portal.

The end-to-end rules-driven service manages documentation requirements and provides screening checks with real-time monitoring of sanction and PEP lists.

Keith Todd, Chairman and CEO at KRM22, comments: “Digital Client Onboarding is complementary to our existing portfolio of regulatory and operations risk applications, and will help customers to protect their organisation against the growing risk of financial crime and fraud.”

It has been a busy month for KRM22 – earlier in July the firm teamed up with Quant Foundry to improve its analytics function, integrating seven quantitative risk models into its Enterprise Risk Cockpit, allowing firms to see both quantitative and qualitative risk assessments alongside each other. Separately, KRM22’s market surveillance product Irisium was selected by Hong Kong-based virtual asset exchange Coinsuper to monitor market activity. In May, KRM22 acquired Netherlands-based risk management and post-trade services firm Object+ in order to expand its market risk solutions in the pre- and at-trade arenas and acquire direct connectivity to major exchanges.

The firm listed on London’s Alternative Investment Market (AIM) in April 2018, raising £10.32 million. finnCap, AIM’s leading broker, initiated coverage on KRM22 at the start of June this year, noting that the firm was “well placed” to consolidate the fragmented risk management market; and in July followed up with a note predicting “continued momentum” after a “positive start” to 2019. KRM22 reported a 24% rise in annual recurring income (ARR) for the six months to June 30, 2019 to £4.1 million and has laid out plans for a “significantly bigger” second half on the back of a strong sales pipeline.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Listen to two buy-side CDOs discussing how to get data management right

Is your firm struggling to get cost-efficient data management in place to meet both strategy and regulatory requirements? Could innovative data management help to deliver much-needed business growth at your firm? Are you short of resources and skills to implement best practice data management? If your answer to any of these questions is yes, you...

BLOG

Sanctioned Securities Risk Moves Inside the Portfolio

Sanctions screening in capital markets has traditionally been treated as a specialist compliance concern: one for legal teams, sanctions officers and financial crime specialists to manage through lists, policies and escalation procedures. That view is becoming increasingly difficult to sustain in capital markets, where sanctions exposure can be hidden inside the securities, funds and structured...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

FATCA – The Time to Act is Now

The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year. But with the exception of a few modifications, the legislation remains in place and starts to comes into force in earnest...