Anti-money-laundering (AML) firm SmartSearch launched into the USA today.
The firm’s platform enables clients to perform electronic ID verification and screening in two seconds, and provides ongoing monitoring to alert users to any change in a client’s status.
John Dobson, chief executive of SmartSearch, said: “We have developed a bespoke product for the American market so that US firms using SmartSearch have the same absolute confidence as those in the UK, that their AML checks are up-to-date and fully compliant with relevant legislation at all times.
“Our combination of cutting-edge technology and friendly, efficient customer service means SmartSearch is already one of the UK’s leading RegTech firms. Our client retention rate of 98% is testament to the high level of service we consistently deliver.
“We want to bring those assets to bear in the US market, while continuing to deliver day in, day out for our UK clients.”
SmartSearch enables firms to streamline and automate their customer onboarding process, without any face-to-face contact or physical documents being exchanged.
There is also a fully-integrated SmartSearch app to allow checks to be performed ‘on the go’.
The platform has incorporated biometric facial recognition for additional security, and there are well-advanced plans for further enhancements.
