RegTech Kompli-Global receives FSQS certification from Hellios

Source: IBS Intelligence 2020-06-03

Kompli-Global, the anti-money laundering (AML) RegTech, has announced that it has been certified within Hellios’ Financial Services Qualification System (FSQS), making it easier for UK banks to adopt its services.

The accreditation from supplier information and risk management firm Hellios indicates that the London-based company meets certification standards and demonstrates a commitment to the industry, while opening up access to financial institutions and reducing the time needed for them to qualify new suppliers or renew contracts.

According to Kompli-Global, the advances being made in the financial technology space are increasingly exposed to competition and business disruption, however, moving to working with those affected is usually a slow process.

Jane Jee, CEO of Kompli-Global, said: “This is also a very positive step forward for the industry which has traditionally had a bank vs FinTech model. Money laundering and fraud are serious crimes with significant negative consequences for businesses, individuals, and society as a whole. Meeting rigorous standards is essential to open up the financial services market to more RegTech solutions like ours. It greatly enhances our ability to help ensure regulated entities are not enabling financial crime.”

“We are delighted to be a Hellios certified supplier, opening access for more of the leading high street banks and lenders for our services. This certification will assist our ongoing mission to help them prevent fraud and money laundering and protect their reputation.”

Kompli-Global’s solutions include Kompli-QED, its newly-launched remote onboarding platform.

Being certified within Hellios’ FSQS, means Kompli-Global joins a community of financial institutions including banks, building societies, insurance companies and investment services. The community agrees a single standard for collecting the increasing amount and complexity of third-party information needed to demonstrate compliance to regulators, internal policies, and governance controls.

risk management

United Kingdom

RegTech Kompli-Global receives FSQS certification from Hellios

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