Reduces running costs and errors simultaneously.
Description of Problem
As staff at banks strive to stay abreast of the complicated and dynamic regulatory landscape, the cost of complying with AML regulations has been rising.
Compliance teams are struggling to keep up with the increasing volume while dealing with immense cost pressure, outdated systems, and constraints of remote operations because of COVID-19. At the same time, there could be unsavvy characters who are employing an increasingly diverse set of strategies to stay ahead of regulators and compliance departments.
Gleematic can help reduce expenses associated with high-volume, repeated manual tasks, which are frequently the result of human mistakes. Gleematic can considerably improve the KYC and onboarding process. As previously noted, the KYC and customer onboarding processes are rife with chances for cheaters to game the system, especially in areas where human error is common.
Gleematic not only saves time, effort, and money for the financial institution, but also results in a more efficient KYC onboarding process and a better AML system.
Financial institutions and corporates that conduct KYC and enhanced due diligence on their clients, partners and investments.
How Gleematic Helps
Degree of Robotization: 75% Effort Automated
ROI: 3 Months
Human Error Rate Reduced
Manual Effort Reduction to 75%
Faster Processing Time: Reduction of 65%
No More Repetitive Administration
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