Customer Tier-4 regional bank, specializing on secured lending for SMEs and medium-sized corporates with ~ $1 billion AUM
Challenge Automation and control of mandatory client validations before onboarding process and daily monitoring of 32+ types of AML signals.
Project Results Implemented solution, based on open source platform SuiteCRM consolidates the bank's client information and regulates account opening and client monitoring processes, thus ensuring solid compliance with all applicable regulatory requirements.
Business value The solution allowed to reduce manual effort required to perform all necessary compliance checks as well as client onboarding time, which improved customer loyalty and reduced operational risk related to potential AML and compliance issues.