Palturai BusinessGraph quickly identifies UBOs in convoluted organizational structures
BSA, AML, 4MLD, EU Directives, FinCEN. Global regulations necessarily expand as cybercrime, drug trafficking and terrorism grow internationally – and the importance of due diligence increases exponentially for financial institutions.
Understanding complex corporate hierarchies and identifying ultimate beneficial owners (UBOs) is fundamental for financial institutions to comply with due diligence and anti-money laundering regulations. Researching and verifying UBOs is time-consuming and requires significant resources to perform properly. And failure can lead to legal liabilities and loss of reputation.
Financial institutions use a variety of processes, systems and software to identify and validate new customers. The Palturai BusinessGraph provides a complementary new way to untangle ownership structures across layers of companies, countries and other complexities. Using intelligent algorithms, Palturai calculates UBOs through multiple levels with one mouse click instead of time-consuming hours of manual research.
How Palturai BusinessGraph works
Enrich on-boarding processes while reducing time, resources, and cost — and enhance customer experience as well. See the big picture clearly, even with complex corporate structures that appear opaque at first glance. Palturai’s BusinessGraph delivers insights global leaders trust to drive productive change in their financial institutions’ safety and soundness. Integrating this solution uncovers legal and business relationships between companies and people and makes these insights readily available as part of existing business processes.
Many more use cases
There are many other possible uses of Palturai BusinessGraph in financial institutions. In addition to enhancing KYC processes, users can discover and mark “trouble spots” in the business network and receive customized, automatic updates. The solution also adds value in cleansing business partner master data and monitoring and automatically updating their information. Sales and marketing cases uses will be productive to find the shortest path to potential partners and create warm leads. Palturai BusinessGraph enhances efficiency across the intelligent enterprise.
If you are interested in finding out more about our solutions and use cases, please contact our team.
