Are you worried about the hustle of screening, KYC, or risk profiling at the time of customer onboarding? Or is it the burden of ongoing monitoring and timely submission of reports that impact your business?
Let go of your concerns. With RapidAML, compliance is managed with the utmost accuracy and tranquillity.
Enroll now for our invite-only closed beta waitlist
Screening
Real-time screening with precise results, eliminating false matches
Scanning against local and international sanctions data reservoir, updated daily
Houses updated details and records around PEP and adverse media
Facilitates document upload
Watchlist management functionality
Ongoing screening with prompt alerts for changes in screening results
Set the entry barrier right with timely screening through RapidAML
Know Your Customer (KYC)
Distinct functionality to complete customer identification KYC for individuals and corporates (KYB)
Accurate and data-driven distinction between covered and non-covered activities
Self-KYC functionality for the customers to conclude and furnish their KYC details at a click Timely review and tracking of the validity of the customer’s documents
Personalise the KYC module with your AML onboarding checklist, ensuring no essential records are missed
Collect the correct details and verify the right documents with RapidAML, identifying your customer better
CRA
Inbuilt risk assessment parameters for your sector
Highly configurable risk profiling questions
Methodology to assign risk weightage and overriding parameters, enabling integration between EWRA and CRA
Define your risk score and risk categories
Systematic escalation of high-risk customers for EDD
Accurately develop your customer’s risk profile with relevant questions and the suitable weighting mechanism with RapidAML
Case Management
Configurable workflows for collaborative customer life cycle management from a risk perspective
360-degree view of the customer profile on a single screen
Insightful and easy-to-navigate consoles guiding your best course of action for risk management
Faster and informed decision-making around customer onboarding and risk management
Complete AML audit trail and record retention
Smart and timely execution and monitoring of AML compliance tasks with RapidAML
Ongoing Monitoring
Set sectoral typologies and red flags for easy spotting of risk indicators
Real-time monitoring of transactions and customer profile
Easy configuration of the monitoring rules as per your risk appetite and internal AML program
Timely alert generation, highlighting the red flags
Escalation within the system for timely disposition of the alerts
Inbuilt learning mechanism that helps eliminate false alerts
As the name suggests, rapidly uncover the red flags with set rules in RapidAML
Regulatory Reporting
Accurate collation of reporting data fields from already captured data points
Timely submission of event-triggered or transactional AML reports
Workflows to manage the internal and external reporting mechanism
Entire reporting audit trail available at a click
Intuitive compliance dashboards to ensure you do not miss any reporting timeline
Upgrade the quality and accuracy of your AML reporting with RapidAML
Precious Metals and Stones
Ensure compliance with targeted financial sanctions
Complete the customer screening in the blink of an eye
Develop and monitor your customer’s risk profile with the right set of parameters
Keep a close eye on repetitive customers or suspicious transactions, ensuring timely detection and prevention
Smoothen your reporting practice, be it STR or the SAR
Real Estate Agents and Brokers
Be it purchase or leasing, top up your customer due diligence game
Manage high-risk customers, with adequate and timely verification of source of funds and source of wealth through robust EDD functionality
Let the system evaluate and uncover the red flags with smart technology
Conclude timely regulatory reporting effortlessly
Comply with regulatory reporting requirements
Accountants & Auditors
Let your customer complete the identification process at their convenience with a self-KYC feature
Managing customer documentation has never been so easy
Maintain customer information up-to-date
Exemplary management of each customer’s risk journey
Trust & Company Service Providers
Easy and precise classification of the business relationships subject to AML or otherwise
With accurate customer risk assessment, determine the CDD to be applied SDD, standard, or EDD
Organize your AML records coherently
Hasslefree reporting process internal and external
Lawyers and Other Legal Professionals
Legal professionals need not worry any more about their legal compliance with AML
With timely screening and customer risk profiling, deter the entry of illicit funds and illicit players into the market
Maintain a complete audit trail for the customer onboarding cycle
Let RapidAML serve as your one-shot AML record vault
Virtual Asset Service Providers
Let not international transactions bother you when you have RapidAML to take care of the KYC and KYT process with international standards
Complete compliance at the pace at which VA transactions are being processed
Monitor transfers in real-time with business-specific rules and thresholds
Prompt detection and structured reporting of risk indicators, with reduced false alerts
Other Non-Financial Businesses & Professions
If you are vulnerable to financial crime and subject to AML compliance, here we are!
Let RapidAML take care of your AML function with quick configuration as per your local regulations and your AML program.
Streamline your AML compliance with technology and stay updated with emerging insights around AML with RapidAML
