Accuity, financial crime compliance, payments and KYC solution provider, has teamed with DEGIRO to automate customer account screening.
The Dutch asset manager formed the deal with Accuity to help it meet the necessary AML and CTF regulatory requirements.
By implementing Accuity’s Firco Compliance Link to automate account screening, the manager will be able to improve risk management and optimise onboarding processes. The Firco Compliance Link is an automated solution which gives a consolidated view of all account, transaction and trade screening activity.
In addition to this, DEGIRO is getting access to Accuity’s Global WatchList data which will help to lower the number of false positive matches and help to uncover potential risks.
DEGIRO COO Esmond Berkhout said, “Firco Compliance Link has a long history and a good reputation in the market in relation to KYC solutions. We can now create more meaningful screening matches and still give our clients a good on-boarding experience. It also provides an automatic online audit trail, which is required by regulators, and gives us confidence in our financial transactions.”
Accuity offers a suite of regulatory technology tools for payments and compliance professionals. Its solutions help teams to manage risk, avoid damages, protect data, and ensure compliance with regulations like KYC.
Late last year, Accuity enhanced its Bankers Almanac Risk & Compliance portfolio through a multi-year transformation programme. In doing this it is hoping to conduct faster and more accurate risk assessments for financial counterparties.
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