Kompli-Global gets the Hellios trusted seal of approval

  • RegTech
  • 01.06.2020 02:23 pm

Kompli-Global, the leading RegTech AML specialist, announced today that it is certified by Hellios  making it easier for the UK’s leading banks to adopt  Kompli-Global’s innovative services including Kompli-QED its new remote on-boarding platform. This distinction places Kompli-Global as a trusted partner for those in financial services seeking its services to combat fraud and money laundering.

Rapid advances in the financial technology space mean that traditional banking institutions find themselves increasingly open to competition and consequent business disruption. The move to working with these disruptors has traditionally been slow but Hellios bridges the gap by giving a level of trust thanks to its certifications.

Kompli-Global has been certified within Hellios’ FSQS (Financial Services Qualification System), a community of financial institutions including banks, building societies, insurance companies and investment services. The community agrees a single standard for collecting the increasing amount and complexity of third-party information needed to demonstrate compliance to regulators, internal policies, and governance controls.

The FSQS accreditation mark awarded to Kompli-Global, is highly valued by some of the largest purchasers in financial industry. It indicates that the company has successfully met the Hellios certification standards and demonstrates Kompli-Global’s commitment and credentials to the industry. It also opens up access to the leading financial institutions, reducing the time needed for them to qualify new suppliers or renew contracts.

Jane Jee, CEO of Kompli-Global, said: “We are delighted to be a Hellios certified supplier, opening access for more of the leading high street banks and lenders for our services. This certification will assist our ongoing mission to help them prevent fraud and money laundering and protect their reputation.”

She added: “This is also a very positive step forward for the industry which has traditionally had a bank vs FinTech model. Money laundering and fraud are serious crimes with significant negative consequences for businesses, individuals, and society as a whole. Meeting rigorous standards is essential to open up the financial services market to more RegTech solutions like ours. It greatly enhances our ability to help ensure regulated entities are not enabling financial crime.”

Hellios is a supplier information and risk management company, with a team of more than 30 years’ experience. Hellios collects, validates and monitors supplier information provided by relevant vendors, thus creating a single pool of accurate and up to date supplier information. All certified suppliers must be invited and cannot apply for the certification.

To find out more about Kompli-Global’s certification or suite of customer due diligence technologies, visit: www.kompli-global.com

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