Digitization of financial threats has made it necessary for most of the organizations to demand new-age tech, that allows them to achieve consistent regulatory coverage, while reducing compliance cost and respond instantly to changing market scenarios. To take risks, and to fail is not very ideal in the context of business, especially when it could have easily been avoided by identifying risky individuals and companies via the process of Due Diligence.
However, Due diligence is a time consuming, tedious, expensive and inconvenient
aSaw’s AML platform, SPyDER™, optimizes risk exposure through due diligence and customer information validation. It checks on companies and individuals and identifies the likelihood of any financial crimes. The platform does legal and criminal background verification checks for a company, its executive management, and associated company, if any. It also checks for the probability of individuals and their associates for illegal activities. The platform harnesses social media data and publicly available data to build a 360° profile of an individual.
In the changing market scenarios, SPyDER™ achieves consistent regulatory coverage and reduces compliance cost by bringing forth accurate due diligence reports for various industries, spanning across Casinos and Gaming firms, and BFSI companies.