Maximising workflow efficiencies and
enriching back office systems
Constrained by legacy technology which can be duplicative and often both divided and disconnected, businesses run the risk of being under equipped to deal with the formal regulatory requirements to which they must adhere.
In addition to traditional KYC and AML requirements, regulation has shifted towards voluminous real-time transaction and economic data reporting. Moreover, the ability to understand who is transacting – and why – and making decisions in real time based on compliance policies and risk assessment is fundamental for businesses to both mitigate fraud and effectively benchmark institutional conscience and behaviour.
Five Islands has utilised it’s blockchain technology
to enhance transaction processing in real-time as
well as to support conduct culture.