Parallel is a comprehensive AML and KYC software solution designed to streamline the compliance process for businesses. With a focus on end-to-end AML compliance, Parallel aims to simplify the KYC process, automate due diligence checks, and keep businesses audit-ready. Tailored to various industries such as law firms, fund management, fintech, and wealth management, Parallel offers smart technology to reduce operational costs, improve efficiency, and enhance compliance management.
Features
- Smart forms: Parallel provides user-friendly KYC forms that eliminate back-and-forth emails, allowing businesses to control all customer information from a centralized review dashboard.
- Profiles: Legal CRM: Tailored for law firms, Parallel offers legal CRM profiles to manage client information efficiently and effectively.
- Performance reports: Generate performance reports to track compliance progress and identify areas for improvement within the AML process.
- Mike AI: Incorporating AI technology, Mike AI helps businesses automate risk scoring, PEP, and sanctions screening to enhance due diligence checks.
- Custom Risk Scoring: Conduct risk-based due diligence with custom risk scoring models to assess the level of risk posed by customers.
- Privacy Features: Ensure data privacy and security with built-in privacy features that protect sensitive customer information.
- Integrations: Seamlessly integrate Parallel with existing systems and tools to streamline operations and enhance workflow efficiency.
Parallel is designed to help businesses automate KYC/KYB processes, conduct risk-based due diligence checks, monitor customers against PEP and sanctions lists, and stay audit-ready. By providing a seamless onboarding experience, Parallel aims to improve efficiency, reduce operational costs, and enhance compliance management for businesses in various industries.
Pricing
Parallel offers four pricing plans:
- Starter: 1200 processes/month, 500 profiles, up to 3 users.
- Professional: 2500 processes/month, 1500 profiles, up to 15 users, API + Webhooks.
- Growth: 5000 processes/month, 3000 profiles, up to 50 users, Remove Parallel branding.
- Enterprise: Custom plan, SSO login, SCIM, Multiple organizations, Custom solutions, Add-ons available.
Visit onparallel.com for more.
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