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What is SimpliRisk?

SimpliRiskâ„¢ delivers a comprehensive solution for automating compliance tailored specifically for payment processors. Say goodbye to the burdensome manual tasks that hinder your efficiency, and easily fulfill auditor expectations. The platform allows you to tailor transaction patterns that can spotlight potentially high-risk activities within your payment processing operations, enabling you to receive timely alerts that assist in identifying and addressing problematic behaviors before they develop further. Integration with payment processing systems is made simple through the use of user-friendly transaction files. You can create thorough profiles for each customer, which facilitates the management of alerts, notes, risk assessments, and case investigations. By evaluating various risk indicators, you can accurately classify customers according to their level of risk, thus effectively identifying those who may pose significant threats. We understand that different organizations have distinct requirements; some may need advanced product configurations while others may need to stick to tighter budgets. Our pricing model features a one-time implementation fee alongside monthly charges that reflect both the size of your organization and the chosen product configuration. Don't hesitate to contact one of our experienced sales representatives to obtain a customized quote and discover how we can support your compliance needs while enhancing your operational efficiency!

What is KYCsphere?

KYCsphere is a cutting-edge compliance platform that harnesses the power of AI to optimize KYC and AML procedures throughout the full compliance lifecycle, encompassing customer onboarding to essential regulatory reporting, all within a cloud-based SaaS environment on Microsoft Azure. This all-encompassing solution combines multiple capabilities, including customer onboarding, identity verification, sanctions and PEP screening, transaction monitoring, risk assessment, alert management, investigative case management, and regulatory reporting, such as SAR and CTR submissions, into one cohesive system. Utilizing machine learning, the platform boosts risk scoring, applies fuzzy-matching methods for name screening, and employs real-time anomaly detection to drastically reduce false positives. Compliance teams can effortlessly configure workflows and tailor risk parameters using no-code tools, which negates the need for IT involvement. The platform complies with the regulatory frameworks established by FinCEN, OFAC, FATF, and EU AML Directives, ensuring adherence across various jurisdictions. There’s no necessity for hardware investments, facilitating swift deployment within days while providing automatic scaling and thorough audit trails in all regions. By merging these diverse functionalities, KYCsphere not only streamlines compliance processes but also enhances organizational operational efficiency, making it an invaluable asset for businesses navigating the complex landscape of regulatory requirements. Additionally, its user-friendly interface empowers compliance professionals to focus on critical tasks rather than being bogged down by administrative burdens.

Media

Media

No images available

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

PayLynxs

Date Founded

2006

Company Location

United States

Company Website

www.paylynxs.com/simplirisk/payment-resources/

Company Facts

Organization Name

Divas Software

Date Founded

2000

Company Location

India

Company Website

www.divassoftware.com

Categories and Features

Compliance

Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation

Categories and Features

AML

Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List

KYC

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