Integrates with the platforms you already use
Parallel connects to your matter management and document management systems. Information flows between systems, but master data is never modified without human validation.
KYC software for law firms
Keep your client AML complete and up to date
Free up your compliance team for what they can't delegate
Parallel digitizes your firm's AML process from client onboarding. It keeps it up to date as the client opens new matters, with the full audit trail ready for an inspection.
The biggest AML pain points at law firms
At a law firm, AML is a process that's almost never closed
Repeated information requests wear down the client experience
The same information gets requested multiple times, across different channels, at different moments.
The client ends up answering the same questions over and over, and the relationship with the firm wears thin, even when the legal work itself is first-rate.
The client's information gets out of date
To avoid bothering the client, reviews are spaced out and information is only updated at specific points.
Between reviews, anything that changes on the client side stays out of the file, and the firm loses sight of where the client actually stands.
When inspection lands, the audit trail is what's missing
The information exists, but scattered: the ID copy in an email, the UBO certificate in a folder, the screening in a PDF from three months ago, the scoring in a team spreadsheet.
What's missing is connected evidence, who reviewed what, when, under what criteria, under which version of the manual.
Our solution
One platform for your firm's full AML cycle
Parallel connects the full AML cycle, matter opening, identification, scoring, screening, refresh, signature, and audit, with the systems your firm already uses.
No tool-switching. No side-channel emails.
Form tailored to the client
Your client gets a link, not a 40-page Word doc. The form adapts to their profile: individual, company, or complex structures with multiple UBOs or signatories. Multi-language, and validated against your firm's manual.
Real-time tracking
A dashboard with the status of every client file. What's signed, what's missing, what's expiring, when. Real granularity. No parallel spreadsheets. No "let me request more info."
Pre-scoring before opening the matter
Before taking on a matter, the lawyer can check the client's risk profile. And every time a new matter opens, our engine recalculates the score across open files. The client stays live. So does the monitoring.
Screening against official lists
PEPs, sanctions, and adverse media in the same flow, no tool-switching. The result is linked to the client file with a timestamp.
Electronic signature
Engagement letters, UBO declarations, and classification letters, signed inside the file itself. Automatically linked to the client and the matter, with no printing, scanning, or lost PDFs.
Audit trail ready for inspections
Every action logged: who requested, who reviewed, who approved, when, and under what criteria. Exportable in audit-ready format with a single click, ready for SEPBLAC inspections, OCI reviews, or internal audits.
Regulatory framework
Built to comply with AML/CFT regulations, SEPBLAC criteria, and data protection rules
Law 10/2010 on AML/CFT & Royal Decree 304/2014
Document identification, written risk classification, periodic screening, and 10-year data retention. Parallel covers it within the same flow, with no extra steps.
SEPBLAC criteria and the line with legal privilege
SEPBLAC doesn't ask for the closed file, it asks for the trail: who requested, who reviewed, who approved, when, and under what criteria. Parallel generates that audit log by default. And it respects the boundary of legal privilege: AML is managed only for matters subject to the obligation under Article 2.1.ñ of Law 10/2010, without touching documentation covered by the right of defense.
AEPD, LOPDGDD & GDPR
The client accepts data processing directly from the portal with their electronic signature. Your firm stops accepting terms on behalf of third parties, one of the most cited grounds for AEPD fines in the legal sector. The legal basis and retention periods are documented inside the file itself.
Use case
We speed up client onboarding, the agile and secure way
Makes it easier to control and track AML compliance, and avoid fines for non-compliance.
Testimonials
What the law firms working with us have to say
Life before Parallel was a series of disjointed KYC checklists with documents scattered across every channel. Now everything is organized and super easy to manage. And clients have told me they love it too!
Before Parallel, we spent a huge amount of time coordinating everything manually. We'd send forms and PDFs by email, and clients had to download, fill out, scan, and send them back. Tracking was hard, even inside the team, it wasn't clear who needed to take the next step or what stage each process was at.
We used to have different tools for KYC and AML, and we kept losing visibility on the team's tasks. We centralized compliance on Parallel and we've become more efficient and organized.
Security
We protect your clients' information
Our priority is making the experience as smooth and secure as possible, for you and for your clients.
Personalized, automated requests for client data- Smart document generation
- Advanced electronic signature for documents
Frequently Asked Questions (FAQ)
If you don't see your question here, write to us and we'll get back to you in less than 24 hours
How does Parallel integrate with my CRM and ERP?
Parallel connects via API and webhooks to the systems you already use, Elite, SAP, Dynamics, and similar. When you open a new matter or client in your system, Parallel picks it up and kicks off the KYC cycle automatically.
The file information flows back, but master data is never modified without compliance team validation. Parallel powers the workflow, it doesn't replace it.
Does it work with our document management system?
Yes. Signed and validated documents are archived automatically in your firm's folders within iManage or NetDocuments, respecting your current structure.
The full file stays accessible from both the document management system and Parallel, with no duplication.
Do lawyers have to use Parallel day-to-day?
No. The compliance team, the technical unit, and the OCI work inside Parallel. Lawyers and assistants keep using their usual tools. When an action is needed, they get a notification through the firm's internal channels.
How does the risk scoring engine work?
It's configurable at three levels: client, matter, and the set of active matters. Your firm defines the factors, thresholds, and update frequency based on your AML manual.
Parallel runs the calculation automatically whenever a relevant event happens, new client, new engagement, ownership changes, or document expiration.
Can the form be configured for different jurisdictions?
Yes. Forms can be adapted to different jurisdictions, with custom fields, languages, and activity codes.
And if a client already exists in the system, they don't start from scratch, their information is reused across forms and categories.
How long does implementation take?
Between four and eight weeks, depending on the complexity of the integrations.
It includes configuring the scoring engine to your AML manual, designing approval flows, and team training.