For Kvartil, as with many other companies, AML processes were a very manual and time-consuming, daily routine that diverted time and resources away from the business’s. It was a process that needed to be systematically automated from the very start.
The greatest value for us is the time savings, partly for new customers and partly for the daily control of any changes. Previous manual routines were insulated from person and knowledge. It is also safe to have the process systematized and to know that the information is updated daily.
If we hadn’t found a provider we would have had to dedicate resources to building an automated solution ourselves.
We evaluated our options based on relevant data for screening, as well as solutions that had a short onboarding period, and a simple pricing model. The combination of these led us to decide on going with Pliance.
With Pliance, we were up and running in 1-2 days, immediately eliminating the need to manually update sanctions lists and performing other manual routines.
With Pliance automating your anti money laundering compliance processes, you can spend more time on your core business.