Better, faster and cheaper client screening for the AMLD
SCOPE FinTech Solutions recently entered into partnerships with both Acuris Risk Intelligence and the Chamber of Commerce for the provision of background data on individuals and companies regarding AMLD obligations.
Acuris Risk Intelligence is a global specialist in news, research, analysis and data for financial professionals. Acuris Risk Intelligence provides data necessary to perform mandatory background checks of individuals and companies with the CDD On Demand solution.
For an investigation into Dutch UBOs and group associations, the CDD On Demand solution uses extracts from the Chamber of Commerce. Through collaborations with partners, SCOPE FinTech Solutions improves the product offering of the partners and thus lays the foundation for further growth for all involved.
Transparency for a lower price
The collaboration with Acuris Risk Intelligence enables a lower selling price of the CDD On Demand solution. Prices for customers and their clients are reduced and the pricing model is simplified.
SCOPE FinTech has developed integration software for communication with the Acuris APIs. The CDD On Demand solution can be quickly integrated into existing software solutions, for example Microsoft Dynamics, by means of our own APIs.
Daily monitoring
An important requirement under the AMLD and Sanctions Act is that customers must continuously monitor their clients. A client can do this by rechecking all clients on a daily basis (costly and time consuming) or by placing the client on a monitor list and providing it with a check frequency.
SCOPE FinTech Solutions has developed integration software to communicate with the Acuris API 's. The CDD On Demand solution can also be quickly built into existing software solutions, for example, Microsoft Dynamics through our proprietary APIs.
SCOPE FinTech Solutions, through its partnership with Acuris Risk Intelligence, offers the opportunity to offer a "Monitor function." An important requirement from the Wwft and Sanctions Act is that our clients must continuously monitor their clients. A client can do this by rechecking all clients daily (costly and time consuming) or by placing the client on a monitor list and providing it with a monitoring frequency.
“This is an important and distinctive feature of our CDD On Demand solution as many compliance solution providers do not offer this functionality ", says general director Fred van 't Hoff.
Search UBOs at the Chamber of Commerce
An integration with the Chamber of Commerce has been developed for the search for UBOs. The company structure is requested from the Chamber of Commerce and all other relevant Chamber of Commerce extracts are also requested. By applying knowledge rules - suspected - UBOs are identified, which are then submitted for a background check in the context of the AMLD.
Better, faster and cheaper. These were the three reasons for entering into a partnership with Acuris Risk Intelligence and the Chamber of Commerce. SCOPE FinTech Solutions wants to work with customers to contribute to the fight against money laundering through the use of high-quality technology.