Insights
The client is a high growth UK financial technology (FinTech) company in the peer-to-peer lending space, providing a unique alternative invoicing finance solution to hundreds of companies, many of whom are small, growing businesses themselves. Primarily an online business, the key to the success of this company lies in their ability to quickly and efficiently onboard new customers while ensuring they remain compliant with regulatory obligations.
The client needed to enhance and automate their anti-money laundering (AML) and client screening program to meet the needs of their growing business. Facing a regulatory requirement to thoroughly screen customers for risk, the organization needed to keep onboarding time to a minimum. As a high growth company in the Fintech space, the compliance team was small, struggling with increased manual workload, and needed to improve efficiency with a solution that could scale in order to evolve and grow with the business.
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