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LEVERIS, ComplyAdvantage offer AML-compliant onboarding solution

Wednesday 9 December 2020 13:43 CET | News

Ireland-based LEVERIS has announced its partnership with ComplyAdvantage to offer banks and lenders an AML-compliant onboarding experience.

LEVERIS is a digital banking and lending platform, while ComplyAdvantage is a technology company operating in the financial crime detection field.

ComplyAdvantage’s suite of financial crime detection tools integrates into LEVERIS Digital Bank’s workflow. The onboarding involves checking a new customer’s name against Anti-Money Laundering (AML), Sanctions and Politically Exposed Persons (PEP) lists. ComplyAdvantage will also carry out transaction monitoring, meaning beneficiaries are checked each time a customer completes a transaction.

The LEVERIS platform operates in the cloud and is independent of legacy core banking technology. LEVERIS is also working with a licensed Electronic Money Institute (EMI) to provide Banking-as-a-Service (BaaS) to non-financial companies wishing to enter the financial services space.

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Keywords: LEVERIS, ComplyAdvantage, partnership, onboarding, AML, financial crime, digital banking, BaaS, core banking
Categories: Banking & Fintech
Companies:
Countries: Ireland
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Banking & Fintech