GBG Recognised as KYC and AML Category Leader by Chartis Research for Financial Crime Risk Management Systems
New Delhi: GBG (AIM:GBG), the global technology specialist in fraud and compliance management, identity verification and location data intelligence, has been classified as a Category Leader for Know Your Customer (KYC) and anti-money laundering (AML) in both the Chartis RiskTech Quadrant® for KYC/AML Software Solutions 2020 under their Financial Crime Risk Management Systems pillar.
GBG as a category leader is recognised for depth and breadth of functionality, interconnectivity of data management and technology infrastructure, risk analytics, ease of use in reporting and presentation, innovation in business model and packaged solutions, market penetration, and for demonstrating a clear strategy for sustainable, profitable growth, matched with high standards of customer experience in managing financial crimes. GBG’s KYC and AML solutions are determined to lead in completeness in offering.
June Lee, APAC Managing Director of GBG said, “GBG has been innovating constantly across 30 years and this recognition as category leader is testament to our success in delivering an end to end digital risk management and intelligence platform that provides organisations an integrated identity verification, compliance and fraud prevention customer journey, with straight-through processing to onboard and transact faster. With the pandemic creating new classes of fraudsters and fraud typologies, from individuals and small businesses turning to commit fraud for the first time as a result of the economic downturn, to syndicated crime rings coordinating new social engineering tactics, GBG is well placed to address the needs of organisations growing their digital customer footprint.”
GBG provides the full range of omnichannel KYC capabilities worldwide, from biometric verification to document verification and identity verification, and is GDPR compliant. Today we can verify billions of identities globally. GBG also offers a wide range of AML and customer due diligence (CDD) capabilities, including name screening and transaction monitoring with a configurable workflow within its core fraud engine.
The report evaluated 27 vendors across six capabilities, namely entity resolution, reporting and dashboarding, KYC risk scores, customer profile enrichment with additional data, customer onboarding, and workflow engine, of which GBG is rated as having advanced capabilities in most of these areas.