The regulatory burden facing financial institutions is increasing. Organisations encounter large fines, reputational damage and even personal gaol time for executives, if compliance isn't complete and accurate
The rising cost of regulatory compliance
Regulatory compliance today
80% of data used by financial institutions is unstructured, and spread across legacy technology systems, making it difficult to trust that you have a complete picture
- No single source of truth across systems and formats
- Fragmented systems that don't communicate
- Data sharing via unsecure email, spreadsheet and fax
- Structured and unstructured data
- Transaction and customer data sits in silos
- Manual processes, chasing clients for documentation
How we reduce regulatory risk
For Institutions
Automate how you identify reportable and non-reportable transactions, and create a single, auditable view of regulatory obligations
For Executives
Create an auditable record of client, transaction and reporting data from across systems and formats, so you know reporting is complete
Simplify interactions with reporting entities via a single dashboard that ensures the right transactions are reported on time
Regulatory Risk Insights
Identitii Raises $4 Million
Identitii has received binding commitments to raise a total of $4.015 million via an oversubscribed placement to sophisticated and institutional investors.
Identitii Begins First Project with Mastercard
Overlay+ to enable secure sharing of financial crime compliance information within Mastercard’s cross-border payments network
Identitii Wins Global RegTech Competition at Sibos 2020
We are thrilled to announce that Identitii has won a hotly contested, global FinTech competition at the world’s largest financial services and FinTech event, Sibos 2020.
Reducing the human impact of financial crime
At Sibos 2020, Identitii is helping celebrate the positive impact FinTech’s and RegTech’s are having on society, from improving financial inclusion to reducing the human impact of financial crime. Read an excerpt from our competition entry here.
How can #realtimepayments be real-time, especially in a #crossborder context, if the #AML and #FinCrime #compliance checks that need to happen to allow the payment to move, can’t be done in real time? Thought provoking article via @FinTech_Futures @rubyhinchliffe
