Parallel Features

Orchestrates customer journey via customizable workflows.

Contains e-signature functionality.

Captures customer data through digital forms.

Uses OCR to scan customer documents, extract data, and auto-fill forms using the extracted data.

Scans and verifies customer identification documents.

Runs KYC checks on customers using information gathered in the application.

Gives the ability to build a workflow based on business logic or a specific condition in order to route work to different people based on rules.

Provides the user with a no-code or low-code environment in which they can build applications and workflows, including drag-and-drop features.

Gives the user the ability to manage documents, including versioning and the ability to integrate those document with third-party applications.

Integrates data and processes from multiple sources into a single system.

Build interfaces once and use them across one or more processes.

Gives the user the ability to build and use forms on mobile devices.

Streamline the flow of work processes by establishing triggers and alerts that notify and route information to the appropriate people when their action is required within the compensation process.

Processing changes to data sources and applications as changes are made in real-time.

The solution uses intelligent algorithms like fuzzy matching to identify potential risks.

Create watchlists that can include sanctions lists (e.g., Dow Jones, WorldCheck, WorldCompliance, and Accuity).

Score persons and organizations based on their history and risk potential.

Standard workflows to assign workload and to alert users based on predefined triggers.

Manage due dilligence processes such as Customer Due Diligence and Know Your Customer.

Comply with regulations from multiple jurisdictions such as OFAC, UN, EU, OSFI, UK and AUSTRAC or FATCA.

The process of conducting customer due diligence for any politically exposed person (PEP)

Active monitoring of systems, applications, or networks

Monitor or audit historical and current transactions to analyze customer account activities

Ability to generate standard reports for compliance purposes such as FATCA/CRS, SARS/STR and SWIFT.

Display suspicious activity by period, risk type, person or organization.

Dashboards to provide real-time data on suspicious transactions, persons, or organizations.

Has integreated AI features to assess and assign risk scores to transactions and customer profiles, enabling prioritized investigations based on potential threat levels.

Ability to recognize printed or written text within digital images or scanned documents

Makes informed choices based on available data and objectives

Software program that continuously adjusts its behavior based on observed data

Makes informed choices based on available data and objectives

Works across multiple software systems or databases

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Create, design and manage workflows for repetitive tasks

Identify or authenticate a person's identity through biological data such as fingerprints or facial patterns.

Security protocol that ensures secure, encrypted communication over the internet, safeguarding sensitive data from unauthorized access

Import and export data to and from software applications

Receive data and information in real time

Track and report regulatory data to either internal management or external stakeholders

Store and organize documents in a centralized system

Active reporting of data and metrics

Process of checking different types of data for accuracy to avoid errors or inconsistencies

A collection of customer information such as contact details, demographics, previous interactions, etc.

Oversee people and resources to carry out an investigation

Access software remotely via mobile devices

View and track pertinent metrics to find patterns and gain insights from data

Search and filter data across systems to locate required information by entering keywords or certain criteria

Analyze and gain insights into data in real-time

A record of all activities within the system, including user access, changes made, etc.

Track visitors'/audience's responses across web pages and other optimized content

Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges

Add customized logos and colors to align with company branding

Track and analyse user behavior within a system or network

Verify the identity of users/devices to enable secure access

Identify and prevent suspicious activity

Application programming interface that allows for integration with other systems/databases

Work on a set of tasks related to a particular charge, patient, legal issue or any other complex entity or process

Validating the identity of an individual or entity through verification of personal information or credentials

Process of identifying, evaluating, mitigating, addressing and reporting on potential risks or uncertainties

Collection, analysis, and representation of numerical data and generation of reports to understand various patterns

Notifications that are delivered to users as soon as an event occurs

Analyze potential risks across the organization

Set up connections to third-party platforms to improve business processes

Centralized database of stakeholders and their contact information such as names, address, phone number etc.

Import, collect, and capture data from multiple sources

Track and manage adherence to policies for any service, product, process, or supplier

System alerts about the need to escalate an issue or request

A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users

Researching and validating a person's criminal, educational, job or financial records

Securely stores data to prevent data loss or breaches

Use AI to generate content in the form of text, images, videos, etc.

Process of familiarizing new clients, stakeholders or employees with the company, a new location, or a service

Electronic signing method that validates the authenticity and integrity of a digital document

Manage user consent requests and documents

Searchable repository of information about clients

Financial services institutions such as traditional banks, hedge funds, investment banks, and insurance agencies.

Connect with meeting participants remotely over video

Supports access to crypto blockchains

A set of software tools and programs used by developers to create applications for specific platforms

Determines the location of a device using GPS or an IP address

Manage and support multiple languages

Plan availability and assign specific time slots for tasks and resources

Manage the process of evaluating documents or requests submitted for approval

Define levels of authorization for access to specific files or systems

Manage the end-to-end lifecycle, from initial setup/development to deployment and maintenance

Verifies and confirms the accuracy of an address

Store, manage, and track all electronic documents in a centralized location

Store, manage and track all forms in a centralized location