RegTech Innovation: Delivering No-Code control to KYC/AML professionals

From the Desk of the CEO: Bold Ideas for Crucial Needs

By Frank Cummings | Co-Founder and CEO of AML Partners

The impact of the work of Governance, Risk, and Compliance has rarely been more important. The news leads each day with stories of war-related sanctions, op-ed pieces about regulatory gaps, jaw-dropping losses from fraud and financial crimes, crypto worries, and more. The work of KYC/AML and GRC—our shared work—is at the core of so many of the policies and actions that lead the news.?

This escalating importance—and escalating accountability—make innovation crucial. Last week we were excited to learn that the A-Team Group awarded AML Partners “highly commended” for “Most Innovative KYC Investigation and Due Diligence” category, in their?Innovation Awards 2022.

Innovation in RegTech is crucial to our clients’ success, making our work both demanding and deeply satisfying.?My co-founder Jonathan Almeida and I worked as on-site AML/KYC consultants long before we started building software. We understand deeply not just the tech but the work itself. For us, key innovation in RegTech means putting full control in the hands of KYC/AML professionals. We see the future of KYC/AML and GRC technology as fast, flexible, extensible—and fully configurable by the people who use it.?

For us, key innovation in RegTech means putting full control in the hands of KYC/AML professionals. We see the future of KYC/AML and GRC technology as fast, flexible, extensible—and fully configurable by the people who use it.

It's amazing to note how much the field has changed from the legacy RegTech available 20 years ago--immediately after 9/11. Compliance/KYC professionals now have myriad options for implementation environments, with no-code workflows, powerhouse KYC registries, API extensibility, automated everything, Business Intelligence, and so much more.?

With the pace and possibilities for innovation in today’s RegTech, if you don’t yet have what you want, just tell us. As leading?RegTech innovators in 2022, AML Partners can make it happen.

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RegTech Survey: Compliance and GRC professionals, what would peak innovation look like to you?

We at AML Partners are always striving to innovate in RegTech solutions for AML/KYC and GRC. We'd love to hear from you all what innovations you would like to see that would make your work better and easier. Click here to take our 2-Question Survey.

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