Ondato Enters Partnership with Radix Compliance

Ondato, a UK-based fraud prevention company has partnered with Radix Compliance, a Malta-based company focused on providing AML and KYC outsourcing.

The automated solutions from Ondato will be made available by Radix as part of their work with clients in order to raise the mitigation levels for businesses subject to specific anti-money laundering (AML) regulatory requirements.

Radix Compliance will introduce Ondato's automated onboarding capabilities to its clients. This will aid in further simplyfing business procedures and produce safer services. Radix Compliance will distribute Ondato's technology in Malta, Liechtenstein, Armenia, the UK, and the EU/EEA.

Radix offers a range of specialised services, such as bespoke AML/KYC outsourcing services, drafting of AML related policies and procedures, conducting of Business Risk Assessment, performance of independent AML or Compliance audits and taking on certain professional positions within the Compliance area. As part of their role with customers, Radix shall introduce Ondato's automated onboarding tool to improve the mitigation levels of companies falling under certain AML regulatory obligations.

Ondato provides technological solutions such as digital identity verification, business customer onboarding, data validation, authentication, and more. These know your customer (KYC) solutions for online or offline onboarding for all business and customer types orchestrated from a single interface.

(Source: The Paypers)