SmartSearch, a leading digital compliance provider, has launched an advanced platform offering enhanced functionalities driven by cutting-edge technology and customer feedback.
The new platform boasts a seamless interface, numerous features, and an unprecedented level of configurability.
The streamlined service improves upon the company’s 97% industry-best match and pass rate and Triple Bureau reliability.
Clients across various sectors, including finance, legal, accountancy, property, gaming, banking, insurance, investment, property development, and cryptocurrency, can now access bespoke configurability, automation, improved compliance standards, audit-ready reporting, row-level encryption, and strengthened perpetual KYC.
The enhanced platform has successfully completed more than six million searches for clients worldwide during beta testing.
The launch comes amid an increase in money laundering crimes, new sanctions on Russia, and a growing number of high-profile breaches, which have intensified the compliance burden on regulated firms.
SmartSearch CEO Guy Harrison (pictured) expressed enthusiasm about the platform’s unveiling, stating: “We are thrilled to unveil our enhanced platform. As the go-to solution for AML and risk management, this development sees SmartSearch increase its advantage in the digital compliance solutions market.
“With advanced features and improved usability, our development work marks a significant step forward in response to the demands of the modern age.
“The platform sets a new industry standard, cementing SmartSearch’s position as a trailblazer in a new era of compliance technology.”
The platform enables rapid customer onboarding and manages risk and compliance throughout each customer’s lifecycle with perpetual Know Your Customer (pKYC).
It helps firms maintain an ‘audit-ready’ status, safeguarding against potential fines and reputational damage resulting from breaches. Being audit-ready is crucial when dealing with investigations by the regulator.
The platform can swiftly identify individuals on sanctions, Politically Exposed Persons (PEP), Special Interest Persons (SIP), Ultimate Beneficial Owners (UBO), and Relatives & Close Associates (RCA) in seconds.
SmartSearch’s digital compliance solution supports over 6,000 clients and 55,000 users worldwide, facilitating millions of complex identity checks in seconds through a single platform.
The platform is already trusted by one in three of the UK’s top 200 law firms, one in two of the top 100 accountancy firms, and more than 1,000 property companies.
