Screening for Fintech
Automating compliance screening for Fintech companies continues to gain momentum as companies look at investment across their core business model. As an ongoing influx of disrupting FinTech companies continues to transform the global financial services market, concern about KYC and AML compliance has grown. FinTechs worry about their reputation and brand risk as they look to take more market share and gain efficiency.
RDC is an ideal partner for FinTechs in helping them drive:
Accuracy. Our integrated solution for PEPs and Sanctions screening together with the most comprehensive adverse media data enables RDC to identify more risk events than any other solution.
Efficiency. RDC’s combination of machine learning, name matching and natural language processing technologies together with expert risk analyst review enable us to reduce false-positives by up to 94%
Speed. RDC offers real-time compliance screening. This API-based solution streamlines online client onboarding and transaction screening, enables real-time sanction screening on outgoing payments and can be quickly integrated with existing systems