Manage risk, safeguard reputation!

For institutions, KYC and CDD are essential aspects in managing risks, and effectively protect the business from potential involvement in financial, terroristic, and other criminal activities or being associated with them. Therefore, the screening process is critical for performing KYC and AML checks. Not having a reliable and compliant KYC and AML screening portal, financial organizations are exposed to repetitional risk and hence obliged to pay penalties.

The “MSAASPRO” is owned and operated by RMS Techknowledgy (Private) Limited, a web portal for global customer screening, the portal has been developed to create convenience for institutions while they perform screening on their potential customers, before on-boarding them to their portfolio, while keeping a continuous check on existing customer database.

The MSAASPRO® enable institutions to fulfill their compliance requirement of on-boarding new customer and while servicing existing customers, wherein the MSAASPRO® will provide the following services:

• Global Political Exposed Person – PEP Check
• Sanctions – to check, if the client is on international proscribed sanction lists
• Enable institutions to create their own WATCHLIST
• Vessel and Aircraft sanction information
• Allows unlimited individual searches, along with the capability of bulk-uploads of the existing database for periodic ALERTS
• The total automated system, with complete audit trail records and administrative tools, is available on an ANNUAL SUBSCRIPTION model
• No restrictions on the number of USERs and number of SEARCHES
• APIs are also available upon request

A Compliance and Risk Management (CRM) platform can be beneficial for institutions in continuous tracking, monitoring, and audit to ensure business processes are aligned as per the applicable laws / regulations and organizational policies. The CBOX platform's flexibility enables different approaches to the structure of control repositories, the distribution process and subsequent assessment. 

• Fully Configurable Solution to suit a variety of established frameworks and regulatory requirements,
• Drive Accountability throughout your organization by ensuring visibility of information/ data and providing automated email notifications, reminders and escalations.
• Integrate Seamlessly with other standalone modules
• Full Audit Trail keeps track of every update, showing who made what change, and when.
• Full Suite of Reports ranging from user defined lists, to standard reports, trends and fully interactive dashboards.
• Flexible Workflow engine tailors the application to encompass your organization's real world business processes.
• Tracking of Action Plans – able to attach action plans to any data item to ensure mitigation requirements are fully tracked through to completion.
• Flexible in Data Export options enabling CBOX reports / data to be utilized in quantitative calculation programs, external business intelligence tools etc.

It is the responsibility of an enterprise to ensure that the data they are gathering are secure, accurate and up to date.

An efficient client onboarding system vastly reduces encoding errors and promotes ease of use, thus enhancing data integrity. 

Using AI and Machine Learning, our facial recognition and OCR services provide a robust onboarding system that meets most of your needs. Liveliness check, customized forms, and mobility are just some of the features that make our product an essential tool in any organization.