KRM22 has partnered 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 wealth managers, financial services administrators and regulated platform operators.
The software as a solution-based application provides a workflow portal that reportedly reduces back-office costs by 40 percent.
The solution manages the documentation requirements and helps firms to comply with know your customer and anti-money laundering regulations.
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.”
