KRM22 plc, a provider of risk management technology and software for capital market firms, today announces a partnership agreement with Veridate Financial Limited to deliver its Digital Client Onboarding application through the Global Risk Platform.
Digital Client Onboarding is a fully integrated end-to-end solution for discretionary wealth managers, financial services administrators and regulated platform operators. Its innovative SaaS based application provides an exceptional user experience with a workflow portal that reduces back office costs by 40%.
Digital Client Onboarding enables firms to manage the complexity of onboarding clients more efficiently. Its end to end rules-driven solution manages the documentation requirements and helps firms to comply with KYC and AML regulations. The screening checks are extensive providing real-time monitoring of sanction and PEP lists.
Keith Todd, Chairman and CEO at KRM22, commented: “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. We are delighted to be providing customers with further ways to reduce the cost and complexity of risk management.”