KYC and AML software to drive your business forward
Parallel is the only solution that streamlines all phases of the AML/CFT process
Book a demo
They rely on us for robust KYC/AML compliance
End-to-end AML compliance made easy
Automate KYC / KYB
Create a user-friendly KYC that eliminates back-and-forth emails, and control all customer information from your review dashboard.
Conduct risk-based due diligence
Conduct enhanced due diligence checks using a risk-based approach. Monitor customers against PEP and sanctions lists to assess risk.
Perform periodic KYC reviews
Receive alerts for document expirations and carry out KYC updates.
Stay audit-ready
Automatically capture evidence and audit trail to stay audit-ready for AML compliance.
.svg){kind=icon}
Plus, generate proposals and contracts for your client
Prepare and sign proposals to start working with your clients as soon as possible. Along with KYC, provide a seamless onboarding experience
Built for different industries
Law firms
Fund Management
Fintech
Wealth Management
Smart technology for your AML ops
Reduce operational costs
Drastically cut the time to serve your customer and expand your bandwidth, while maintaining your team size
Collaborate and escalate complex cases
Easily escalate complex cases to the right person when needed, document potential red flags, and keep a clear view of each client’s status.
Keep your compliance audit-ready
Automatically log all your work and meet client data retention requirements to successfully handle AML audits.What our customers say
Life before Parallel was a series of uncoordinated and not visible generic KYC checklists and scattered documents. Now everything is organized and super easy to manage. And clients have told me they love it too!”
Executive Assistant at Cuatrecasas
Read story
Parallel has provided us with the balance we were seeking between minimal friction during merchant onboarding and improved compliance management. The KYB onboarding process is now about 4 times faster.Furthermore, the ongoing support from the Parallel team have been outstanding.”
Head of Merchant Onboarding at SeQura
Read story
Previously, it took us 3 to 4 weeks to complete and sign all the paperwork. With Parallel, some investors finished the onboarding process in just 10 minutes.We've improved the efficiency of the team, as they can now easily monitor and review, without constant follow-ups.”
Director of Alternative Investments at Talenta
Read story
Before implementing Parallel, we had different tools to manage KYC and AML, which caused a lack of visibility over team tasks and processes. We decided to centralize compliance with Parallel, and we’ve become more efficient and organized.”
LegalTech Lead at Lexidy
Our commitment to you: The Parallel Method
We understand that implementing AML/CFT software is a challenge. For this reason, our customer success team will help you orchestrate compliance on the platform with a personalized onboarding plan.
Here’s what our clients say about the Parallel Method:
Regulations are here to serve us, not enslave us. We built Parallel to make legal and compliance processes more efficient, helping us do our jobs well without over-investing resources.”
Lawyer and Founder of Parallel
© Parallel Solutions, S.L
English
