FSS Wealth and Pensions, a financial advice firm focusing on investment and retirement, sought an anti-money laundering (AML) solution that would streamline their processes, increase automation, and improve overall business efficiency while ensuring compliance. Under the Financial Conduct Authority (FCA), FSS Wealth and Pensions must ensure procedures are in place to mitigate the AML fraud risk. By leveraging SmartSearch's individual AML check solution, FSS Wealth and Pensions were able to overcome the challenges of manual intervention, which enabled them to perform AML checks more efficiently. If a client failed a check, the real-time data allowed them to make additional checks within a much shorter time frame. There was no downtime chasing documents from clients or delaying processing of business. “We adopted intelligent office as our back-office system and the integration with SmartSearch was a natural fit. Previous systems had given us constant PEP and sanctions headaches but with SmartSearch’s ability to analyse more granular data and details it has saved us a huge amount of laborious and additional work” Sector Finance
Before SmartSearch, B&CE’s AML processes were time-consuming and inefficient. Sector Finance Send me the case study https://f.hubspotusercontent40.net/hubfs/8585742/UK%20Case%20studies/B&CE%20Case%20Study.pdf
Co-operatives UK needed an AML provider that shared its ethos of always putting customers needs first. Sector Finance Send me the case study https://f.hubspotusercontent40.net/hubfs/8585742/UK%20Case%20studies/Co-operatives%20UK%20Case%20Study.pdf
Before SmartSearch, D2 Financial Solutions were struggling with the service of another provider which was integrated with their Case Management System. Sector Finance Send me the case study https://f.hubspotusercontent40.net/hubfs/8585742/UK%20Case%20studies/D2%20Financial%20Solutions%20Case%20Study.pdf
In 2015, Leeds based financial services firm The Private Office Limited looked to procure a new AML software provider to replace their previous AML provider, whose offering and contractual framework no longer met their compliance needs. Sector Finance Send me the case study https://8585742.fs1.hubspotusercontent-na1.net/hubfs/8585742/The%20Private%20Office%20Case%20Study.pdf
By automating their internal processes, Clifton Private Finance were able to function faster and more efficiently, reducing the time spent on meeting AML requirements by 50%. Sector Finance, Property Send me the case study https://8585742.fs1.hubspotusercontent-na1.net/hubfs/8585742/Clifton%20Private%20Finance%20Case%20Study.pdf
Prior to onboarding SmartSearch, WPS Advisory had no AML software in place and the organisation conducted their compliance using time-consuming manual steps, which could have been automated. Sector Finance Send me the case study https://8585742.fs1.hubspotusercontent-na1.net/hubfs/8585742/WPS%20Advisory%20Case%20Study.pdf