September is here, which means technology companies are releasing their latest updates and innovations. SCOPE FinTech Solutions is no exception. On September 21, we hosted a pre-release event for the SCOPE Compliance Management Portal. If you’re interested in asset management, Know Your Customer, Customer Due Diligence, and Anti-Money Laundering, keep reading!
The event began at 1:30 p.m. at the Amstel Boathouse in the beautiful city of Amsterdam. We were proud to present the SCOPE Compliance Management Portal, a powerful tool that helps companies conduct compliance checks and UBO checks more effectively.
The benefits of the SCOPE Compliance Management Portal
Bas van der Veer, Sales Manager at SCOPE FinTech Solutions, gave an excellent product presentation. Manual risk assessments are very time-consuming for companies, which is why we offer a solution that allows you to obtain a risk assessment in just a few seconds. Would you like to learn about all the benefits the Compliance Management Portal can bring to your organization?
Background check in seconds
Automated background checks for individuals. Seven categories are checked within seconds, without requiring you to search through all databases. The following points are checked:
- Active and historic sanctions.
- Law enforcement agencies.
- Politically Exposed Persons (PEP).
- Negative media.
- Financial regulators.
- Insolvency notifications.
- Disqualified director.
UBO-check
If the client is a business entity, the ultimate beneficial owner (UBO) of a transaction or relationship must be identified and then verified. The UBO investigation is based on information from the Chamber of Commerce’s Commercial Register, as described by the AFM. It helps you conduct the UBO investigation efficiently and immediately perform compliance checks on the identified natural person(s), the UBO(s), and the underlying organizations.
Conducting risk assessment clients
Your compliance policy is translated into a risk assessment algorithm in our software. This is designed to be flexible and user-friendly. Once the algorithm is configured, large numbers of clients and their associated data can be imported quickly and easily and automatically subjected to a background check and additional risk assessment, resulting in a risk conclusion and a certified PDF document as supporting evidence.
Demonstrate Compliance Management Portal
All participants were treated to a live demonstration of the SCOPE Compliance Management Portal by Koen van Haasteren, Business Analyst at SCOPE FinTech Solutions. A detailed explanation was provided on how to convert manual work into automated processes, allowing risk assessments to be completed in a matter of seconds.
Happy customers
We can safely say that our clients are satisfied with the solution. Not only does it offer efficiency and time savings for the organization—which, of course, translates into cost savings—but it also makes compliance checks more traceable. Testimonials from two of our clients—William van der Maas of IVV Instituut voor Vermogensopbouw and Adrian Becker of DJE Kapital AG—shared with the audience how they have set up their processes and what benefits this has brought them.
In addition, the event was an excellent opportunity to meet real-life industry professionals involved in asset management, Know Your Customer, Customer Due Diligence, and Anti-Money Laundering.
In short, a successful networking experience!
In the coming months, we will be hosting an online version of the event to provide you with all the latest SCOPE updates in a live setting. This will be a great opportunity for you to ask any questions or raise any concerns you may have.
Better be safe than sorry!
