RegTech AML specialists Kompli-Global has announced that it has landed Hellios certification, making it easier for the UK’s leading banks to adopt its services including Kompli-QED.
Being able to offer its new remote on-boarding platform places the firm as a trusted partner for those in financial services, seeking its services to combat fraud and money laundering.
Jane Jee, CEO of Kompli-Global, commented: “We are delighted to be a Hellios certified supplier, opening access for more of the leading high street banks and lenders for our services. This certification will assist our ongoing mission to help them prevent fraud and money laundering and protect their reputation.
“This is also a very positive step forward for the industry which has traditionally had a bank vs FinTech model. Money laundering and fraud are serious crimes with significant negative consequences for businesses, individuals, and society as a whole. Meeting rigorous standards is essential to open up the financial services market to more RegTech solutions like ours. It greatly enhances our ability to help ensure regulated entities are not enabling financial crime.”
It comes as rapid advances in the financial technology space mean that traditional banking institutions find themselves increasingly open to competition and consequent business disruption.
Kompli-Global has been certified within Hellios’ FSQS (Financial Services Qualification System), a community of financial institutions including banks, building societies, insurance companies and investment services. The move significantly allows the firm to expand its portfolio of partnerships.