Data review dashboard
Go through the provided data one by one to approve or decline documents, and start or reject the client relationship.
Automate Risk Scoring
Automate risk scoring and simplify risk management using a user-friendly scoring engine.
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Efficiently monitor and manage risk
Tailored to your risk scoring model
Easily build your own risk scoring system, without programming skills. Go live quickly.
Automatically generate Risk Profiles
Automatically assign low, medium, or high risk category to your business-related entities, such as businesses, buyers, merchants, and suppliers, within Parallel Profiles (CRM database).
Onboard multiple teams to mitigate global risk
Implement enterprise-wide risk assessments across multiple lines of business, geographic locations, and other applicable criteria.
Unlock powerful and automated reports
Analyse and download dynamically generated reports featuring key data and concise summaries.
Mike AI: Your copilot for smarter risk scoring
Customize Mike, our Generative AI, to fit your processes and maximize the benefits of a powerful copilot!
Generate helpful reports to meet regulators' requirements.- Have a peer performing the risk assessment to refine your risk evaluation and avoid oversights.
Discover with our team how you can apply Mike AI.
Risk scoring use cases
Know Your Customer / Know Your Business
Limited Partner profile
Procurement
Credit risk assessment
Other compliance programs
A comprehensive risk evaluation for AML processes
Additional checks beyond risk scoring
AML Screening & Monitoring
Check your client against real-time watchlists, PEP & sanction lists, country-specific databases.
Risk Score Refresh
Automatically refresh the risk scoring profile whenever clients data is updated (remediation, KYC refresh, etc.).
Activity logs
Closely monitor every client interaction and flag suspicious data. This will also serve as a valuable historical record for compliance audits.
Enhancing your AML processes
We stand by you
We help you with your processes from the beginning of the relationship, understanding your objectives and designing tailored solutions for you.
Discover the Parallel Method
We protect your clients' data
Parallel follows ISO/IEC 27001 best practices for Information Security Management, and adheres to privacy and security principles from the design stage.
We help you navigate your integrations
Effortlessly connect and integrate some tools into our platform, enabling secure automations and streamlined data flows for your risk assessments.
Go to integrations
This is how our clients use the forms
Smart forms for smart teams
KYC
Cuatrecasas’ back-office saves 40% of the time, simplifying KYC onboarding
Read story"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!"
Mireia Sánchez
Executive Assistant at Cuatrecasas
onboarding
Life Extension Ventures revolutionizes the onboarding process with Talenta
Read story"Previously, it took us 3 to 4 weeks to complete and sign all the paperwork. With Parallel, some investors finished the 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."
Adrià Leira
Director of Alternative Investments
KYB
SeQura’s 83% faster process enhances merchants’ experience
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."
Irene Barrero
Strategic Project Enabler at SeQura
Frequently asked questions
Why do companies often need a risk scoring solution?
Companies often need a Risk Scoring solution to efficiently identify and manage potential risks, ensuring compliance with regulations and minimizing financial losses. This proactive approach enhances decision-making and safeguards the company's reputation and assets.
How easy is it to build a risk scoring system in Parallel?
Add calculation fields to your smart forms is a user-friendly experience. Once set up, the system generates a profile displaying the risk score of your client/provider, which can be updated as needed. You also will be able to conduct other monitoring and reporting processes to streamline your risk management efficiently.
How can I integrate Parallel risk scoring with my CRM?
We help you manage your integrations. Connect to our API via Zapier, for instance, and integrate with your CRM. Popular choices among our clients include HubSpot, Salesforce, Pipedrive, Mailchimp, and more.
Book a demo with us
More than 2,000 people have already transformed their teams with Parallel.