Digimind Compliance – Know Your Customer

What is Digimind Compliance?

• The Digimind Compliance solution is a software application leveraging web information to fight money laundering, tax evasion, terrorism financing, and other illegal money transactions.
• The Digimind-Compliance solution is suitable for financial institutions (e.g. private banking) willing to manage their operational risks and to comply with regulations while reducing the related processing costs of their customer portfolio.

Why Digimind Compliance?
The continuous sophistication of Illegal money transactions coupled with rising regulatory pressure raises new challenges for financial institutions:

• Higher costs and increasing resources needed to periodically check customer portfolios at a reasonable pace
• Increased processing time to enroll new customers
• Heterogeneous CDD (Customer Due Diligence) procedures within an organization
• Increased operational risks to finance illegal activities due to the lack of time, resources, or risk management tools.

Download: "DIGIMIND - Product Sheet - Digimind Compliance"

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