RegTek+

RegTek+ by RegTek Solutions is a client lifecycle management, KYC, and AML solution designed to streamline compliance operations for businesses of all sizes. According to the vendor, this platform automates onboarding, KYC data management, risk assessment, transaction monitoring, and screening to detect and manage suspicious activity. RegTek+ caters to various professions and industries, including financial institutions, banks, investment firms, insurance companies, and regulatory compliance professionals.

Key Features

Client Lifecycle Management (Onboarding and KYC): According to the vendor, RegTek+ streamlines onboarding and KYC data management through a centralized platform, automating ID verification, data collection, and AML compliance checks.

RegTek+ Platform: The vendor claims that RegTek+ offers near real-time onboarding, centralized KYC data management, a workflow engine, customizable risk assessment, a whitelabel client portal with video conference capability, and biometric authentication.

Risk Assessment: The vendor states that RegTek+ provides an advanced risk scoring and assessment tool based on parameterized risk factors, supporting multijurisdiction and multi-regulator parameterization.

AML Transaction Monitoring: According to the vendor, RegTek+ accurately identifies behavioral changes in client transactions, offers in-depth alerts for possible money-laundering scenarios, and utilizes machine learning and a configurable rule engine for real-time monitoring.

Transaction Screening: The vendor claims that RegTek+ performs screening against a sanctions list database, detects risk in payment messaging data elements, reduces false positives with machine learning, and offers flexible case management.

PEPs, Sanctions, Adverse Media Monitoring (iKYC Platform): According to the vendor, RegTek+ offers risk identification of politically exposed persons (PEPs), real-time monitoring of comprehensive sanctions data, and access to global watchlists through a web portal or REST API.

Digital Identity Verification & Screening (iKYC Platform): The vendor states that RegTek+ provides international digital identity verification, video KYC interview, electronic document verification, liveness detection selfie, facial biometric authentication, and fraud risk analysis.