The partnership will see TradeCore integrate its ecosystem with ComplyAdvantage and TrueLayer, further supporting TradeCore’s creation of a ‘one-stop-shop’ for fintechs. A platform that guides fintechs through the complexity of the sector, including compliance or costly processes and regulatory or licensing hurdles – and reduces overall time-to-market. The new partnerships will strengthen TradeCore platform’s ability to serve anti-money laundering (AML) compliance and open banking solutions.
ComplyAdvantage’s AML infrastructure, enables customers to speed up customer onboarding cycle time, review live financial crime insight and automate manual labor-intensive processes… They will then remain compliant through Know your customer (KYC), and are able to optimise all digital opening strategies through harnessing ComplyAdvantage’s API.
[Founder and CEO of ComplyAdvantage:] “Not only do customers have a better onboarding experience, but by taking advantage of automation and best in class data, businesses are better able to identify who they want to work with and can apply a risk-based approach with greater accuracy than ever before.”