Optimize your AML compliance to drive growth and build trust

Meet all AML requirements end-to-end. Build a secure, scalable business while offering a user-friendly onboarding.

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Orchestrate every step of your AML journey

A full-stack platform for AML compliance
Document Collection
KYC / KYB
Collect & review
eSignature
Screening and assessment
Risk screening
Risk scoring
Reporting (AI-powered ✨)
Ongoing Monitoring
PEP and sanctions watchlist
Expiration alerts
KYC/KYB refresh and remediation
Compliance
Data retention management
Activity logs
Customer file management

Your AML compliance in excellent form

Reduce operational costs
Drastically cut the time to serve your customer and expand your bandwidth, while maintaining your team size
Build a seamless customer journey
Minimize churn by reducing customer wait times and handling their documentation through secure and compliant processes.
Handle your daily workload with ease
We've tailored collaborative solutions to empower compliance officers through a user-friendly workspace.

We stand by you at every step of the way

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Stay ahead of the curve
You will always be equipped with the most cutting-edge AML tools. We listen to the needs of compliance teams to keep optimizing and adding new features.
Partner up with a trusted team
We progress together during your onboarding, providing you with a dedicated Customer Success Manager and the best resources to fully leverage everything Parallel offers.
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Built for any and all industries

Fintech
Fund Management
Law Firms
Banking
Real Estate
Consulting & Auditing
Payment Solutions
Marketplaces
Wealth Management

What our customers say

To collect 5 or 6 documents legally required, we had to go through too long email threads. We could easily lose 2 weeks to collect 1 document. And the whole process could take 1 month.
We were able to centralize all KYB on a single platform with Parallel, this was a game-changer for the team."
Sandra Martínez
Onboarding Operations Manager at SeQura
What you save with Parallel is time, the time we often don't have.
Before Parallel, a KYC could take about three weeks until they provided you with all the documentation, now on average it's between 4 or 5 days. Sometimes even less."
Mireia Sánchez
Executive Assistant at Cuatrecasas
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."
Irene Barrero
Strategic Project Enabler at SeQura
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."
Adrià Leira
Director of Alternative Investments at Talenta

Customize your AML ecosystem

Compliance
Implanta tu proceso de KYC o KYB y reúne los datos y documentos necesarios de tus clientes.
Crea alertas de vencimiento según el nivel de riesgo de tus clientes y asegura el "KYC refresh" de todos tus clientes.
Optimiza tu proceso, tras detectar las fases más sensibles y analizar el tiempo dedicado a completar el proceso de KYC/KYB.
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Ventas y Operaciones
Acelera tus operaciones y tus procesos de venta con formularios inteligentes
Crea alertas de vencimiento y revisión, operando en un entorno privado y seguro.
Detecta cuellos de botella y distribuye la carga de trabajo. Visualiza el volumen de trabajo de tu equipo.
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Fintech y Servicios Financieros
Construye tu proceso de Know Your Customer (KYC) y recibe y verifica la información requerida de tus clientes. Crea alertas de actualización para mantener el cumplimiento de la ley de prevención de blanqueo de capitales.
Crea y gestiona los contratos comerciales de cada cliente y programa alertas de vencimiento.
Analiza las altas de nuevos clientes en un periodo de tiempo y obtén insights clave para el negocio.
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Know Your Customer
Eliminate endless email threads and onboard your customers with a user-friendly KYC experience.
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Risk Scoring
Build your own risk-based approach with No-Code calculation fields to monitor risk and conduct enhanced due diligence.
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Reporting with Mike AI ✨
Use Mike, our Generative AI, to produce insightful reports that save human effort and comply with regulatory requirements.
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Know Your Business
Verify business owners, directors, individuals and legal entities across the globe. Monitor any risk associated with your clients' corporate structures.
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Risk Screening & Monitoring
Check your customers against real-time watchlists, PEP & sanction lists, country-specific databases.
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Compliance
Stay compliant by setting specific data retention periods based on stored data types. Data will be anonymized after the assigned time.

Enhancing your AML processes

Compliance
Implanta tu proceso de KYC o KYB y reúne los datos y documentos necesarios de tus clientes.
Crea alertas de vencimiento según el nivel de riesgo de tus clientes y asegura el "KYC refresh" de todos tus clientes.
Optimiza tu proceso, tras detectar las fases más sensibles y analizar el tiempo dedicado a completar el proceso de KYC/KYB.
An imagen representing how the recipient can upload documents and chat with the user
Ventas y Operaciones
Acelera tus operaciones y tus procesos de venta con formularios inteligentes
Crea alertas de vencimiento y revisión, operando en un entorno privado y seguro.
Detecta cuellos de botella y distribuye la carga de trabajo. Visualiza el volumen de trabajo de tu equipo.
An image representing the dashboard with all the parallels and automatic reminders
Fintech y Servicios Financieros
Construye tu proceso de Know Your Customer (KYC) y recibe y verifica la información requerida de tus clientes. Crea alertas de actualización para mantener el cumplimiento de la ley de prevención de blanqueo de capitales.
Crea y gestiona los contratos comerciales de cada cliente y programa alertas de vencimiento.
Analiza las altas de nuevos clientes en un periodo de tiempo y obtén insights clave para el negocio.
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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.
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We help you navigate your integrations
Effortlessly connect and integrate some tools into our platform, enabling secure automations and streamlined data flows for your AML processes.
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Frequently asked questions

Why do companies often need an AML solution?
AML compliance requires considerable time and effort to avoid fines and penalties associated with non-compliance. Our AML ecosystem helps companies reduce costly manual checks, ensures accuracy with in-depth reporting, and improves risk management to enhance fraud protection.
What is the benefit of a customized AML solution?
The benefits of an AML solution extend beyond legal compliance. AML builds a foundation of trust, particularly in B2B relationships, by verifying the legitimacy of new users or partners. This allows companies to enhance operational efficiency, minimize false positives, and build long-term relationships.
What can I do to prevent fraud?
We've designed AML tools to simplify day-to-day compliance tasks. These tools include Know Your Customer/Business (KYC/KYB), risk scoring, AML screening against global watchlists, reporting, remediation, and more. Automation helps detect fraudulent activity at every touchpoint of the customer journey.
What is the difference between KYC and KYB?
KYC (Know Your Customer) involves performing due diligence on individuals, whereas KYB (Know Your Business) refers to the similar process for verifying corporate entities. The business documentation is typically more complex and carries greater risks, so the standards for verification and risk assessments tend to be more rigorous.
Can I enable ongoing AML monitoring?
Yes. Select the individuals and businesses you’d like to keep an eye on and be notified if they appear on global sanction and PEPs watchlists.

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More than 2,000 people have already transformed their teams with Parallel.
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