Guide: How Compliance Teams
Can Move Away From Spreadsheets
Using RegTech Automation

Using spreadsheets to track your compliance efforts can put your company at risk. Yet compliance and risk teams from financial institutions, money service businesses, banks, fintech firms and other organizations are still using them.

These spreadsheets are used for a variety of tasks, including:

  1. Track clients for risk and compliance
  2. Transaction monitoring to identify risk and fraud patterns
  3. Escalation of investigation and reporting across team members
  4. Report on the status of activities across team members
  5. Record activities to report to regulators and authorities
If your team is still using spreadsheets for any of the previous tasks, read our latest guide “How Compliance Teams Can Transition Away from Spreadsheets”, where you’ll learn:

  • The limitations, challenges and risks of using spreadsheets for AML compliance
  • What regulators say about the necessity of automated systems for compliance and reporting
  • The operational framework that you need to achieve cost effective compliance
FILL OUT THIS FORM TO RECEIVE YOUR RESOURCE

About IdentityMind

IdentityMind supports your AML and fraud prevention needs across a range of solutions covering Know Your Customer (KYC), sanctions screening, anti-money laundering (AML) transaction monitoring, and chargeback detection. We help you ensure regulatory compliance and protect against fraud losses with our digital identities, providing the most complete picture of a customer’s risk.

Instead of analyzing entities and attributes of a transaction in isolation, IdentityMind builds and verifies identities and draws correlations with other entities and attributes such as shared physical and email addresses. Learn More.

Analyst Recognitions

GARTNER
Sample Vendor in Identity Proofing and Corroboration

“Hype Cycle for Identity and Access Management Technologies, 2018”

GARTNER
Sample RegTech Vendor

“Hype Cycle for Digital Banking Transformation, 2018”

AITE GROUP
Leading AML Advanced Analytics Vendor

“The AML of Tomorrow: Here Today” 2018

INTERNATION DATA CORPORATION
Innovator

“IDC Innovators: Identity Proofing Solutions to Prevent New Account Fraud and Enhance KYC Compliance, 2018"

GARTNER
Representative Vendor

“Market Guide for Identity Proofing and Corroboration" 2018