Opus, a developer of compliance and risk management solutions, has released a new know your customer solution for financial services players.
Clarity KYC is a workflow automation and risk intelligence solution which will offer an easy-to-use SaaS platform to accelerate and optimise client onboarding and customer due diligence.
The new service comes in response to regulations such as the Fifth Money Laundering Directive (5MLD) and FinCEN’s CDD Final Rule, which have put increased costs and pressures on onboarding.
Its new tool will give financial institutions an integrated and adaptable view of risks and guarantee they meet compliance and execute on opportunities. Clarity integrates business entity identification, screening and due diligence, reporting and monitoring into a single platform.
Opus CEO Emanuele Conti said, “Our banking customers have asked us for a faster and easier way to meet their due diligence and compliance needs in KYC, AML and other related areas.
“We worked with them to design this new solution, pulling in advanced entity resolution and workflow capabilities into a more modern and intuitive user experience. We are looking forward to helping all of our customers simplify their processes, save time and reduce their risks.”
The US-based company is a KYC and data solution developer which aims to help organisations make more informed choices around compliance and risk management. Financial institutions leverage its software to ease KYC, AML, entity data management, regulatory reporting and compliance risks.
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