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: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

EBA Framework 4.3 Maps the Data Behind AMLA’s First Risk Assessment

The European Banking Authority’s Reporting Framework 4.3 gives financial institutions their first machine-readable view of the data that will support the EU’s selection of firms for direct anti-money laundering supervision. Published earlier this month, the framework marks an intermediate step towards the first formal risk-assessment and selection exercise by the Authority for Anti-Money Laundering and...

EVENT

RegTech Summit London

Now in its 10th year, RegTech Summit London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to innovate the compliance function and response.

GUIDE

Preparing For Primetime – How to Benefit from the Global LEI

They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its...