Contemi Partners with GBG to Automate KYC, AML & Verification Processes for Its Onboarding Solution

18th August 2020, Contemi Solutions, a global fintech provider, today announced that it has partnered with GBG, a global specialist in Identity Data Intelligence, to fully integrate its Onboarding solution with GBG’s Identity Verification solution for automated KYC, AML and customer verification capabilities.

GBG uses layered identity document verification and biometric checks to authenticate customers in real time for a safe onboarding process.

This integration will allow Contemi clients and financial services institutions to fully automate its Anti Money Laundering (AML) checks and Know Your Client (KYC) processes and deliver a paperless onboarding experience via a single API without compromising security. It will reduce the processing time to mere minutes and the PEP and sanction monitoring will provide ongoing support throughout the client lifecycle.

Contemi’s Onboarding, a mobile friendly cloud-based solution, a key module in its Client Lifecycle Management solution, delivers seamless, end-to-end customer journeys and client lifecycle management on a single platform. The solution can be implemented as a stand-alone solution to sit alongside an existing platform or integrated within the Contemi suite.

Kean Williams, CEO of Contemi Europe commented “Integrating our global Onboarding platform into GBG’s offering is an important part of our vision to provide cutting edge, client-centric technology solutions that help financial institutions to deliver the highest levels of security, privacy protection, and exceptional customer experience.

With social distancing likely to remain in place in the post-pandemic world, firms depending on paper-based ID checks will need to switch to e-verification processes in a bid to keep their businesses running efficiently. With this integration our clients can do it all remotely – reducing exposure to AML/KYC burdens, protecting their businesses from fraudsters, freeing up time for compliance teams to focus on high-risk cases.”

Kean added, “The collaboration will help Contemi to continue its expansion in Asia, Australia, Europe and beyond as GBG have global coverage and will help our clients across these markets.”

Simon Vallis, Global Partnerships Account Director, GBG said “We are extremely pleased to be partnering with Contemi. Helping our customers deliver a seamless experience, whilst establishing trust is at the core of what we offer as a business.

The partnership will offer a compelling solution to the market, which accommodates safe and secure customer journeys. Combining GBG's market-leading technology, data and expertise, with Contemi's full function platforms, across a burgeoning global customer base presents a very exciting proposition.”

About GBG

GBG offers a range of solutions that help organisations quickly validate and verify the identity and location of their customers.

Our market-leading technology, data and expertise help our customers improve digital access, deliver a seamless experience and establish trust so that they can transact quickly, safely and securely with their customers online.

Headquartered in the UK and with over 1,000 team members across 16 countries, we work with 20,000 customers in over 70 countries. Some of the world's best-known businesses rely on GBG to provide digital services and keep the economy moving, from US e-commerce giants to Asia's biggest banks and European household brands.

To find out more, visit www.gbgplc.com and follow on LinkedIn and Twitter @gbgplc.

About Contemi

Contemi solutions is a leading technology provider to the global financial services industry. Its full function platforms and ‘best of breed’ modular solutions help banks, wealth and asset managers, capital market participants, insurance companies and independent financial advisors cost effectively streamline operations, improve agility and harness the power of innovation in the evolving world of cloud and digital platforms.

Contemi is headquartered in Singapore, and presently supports over 50 customers in 11 countries. This is achieved with a team of 200 employees spread across seven offices in the UK, Scandinavia, Australia, New Zealand and Asia, strategically positioned to ensure local support across global time zones.

Find more about Contemi at www.contemi.com or drop us a line at info@contemi.com to book a demo.