News
Bank of Ceylon enhances KYC & KYB with Sikoia
Sikoia is thrilled to announce its new partnership with Bank of Ceylon, designed to streamline their KYC and KYB processes, enhancing efficiency and compliance.
Sikoia and ComplyAdvantage extend their partnership to strengthen AML screening and monitoring for clients
The partnership equips Sikoia's clients with the latest PEPs, Sanctions and Adverse Media screening tools from ComplyAdvantage, enabling them to manage financial crime risks proactively and meet regulatory obligations with ease.
Sikoia, the unified data platform for financial services, is proud to announce the extension of its partnership with ComplyAdvantage, a global leader in financial crime detection technology. The partnership will allow Sikoia’s clients to enhance their AML screening capabilities by accessing CompyAdvantage’s innovative and comprehensive AML solutions through its integrated marketplace of identity, fraud and risk providers.
By extending its partnership with ComplyAdvantage, Sikoia can provide its clients with cutting-edge AML screening tools - a critical capability in ensuring compliance with regulatory requirements globally.
The extended partnership will enable Sikoia's clients to access ComplyAdvantage's extensive database of sanctions, watchlists, and adverse media coverage, along with a range of other advanced features, such as machine learning algorithms and natural language processing. This will allow Sikoia's clients to identify and manage financial crime risks more effectively, reducing the risk of regulatory breaches and financial losses.
Alexis Rog, founder and CEO of Sikoia, said, “We are delighted to announce the expansion of our partnership with ComplyAdvantage to provide our customers with advanced AML screening and monitoring capabilities. This partnership strengthens our solutions for international counterparty onboarding, verification, and risk assessment, incorporating ComplyAdvantage's best-in-class capabilities.”
Raji Soussou, VP Global Partnerships & Alliances at ComplyAdvantage, said, "A stronger, safer financial system benefits everyone. Our partnership with Sikoia helps their customers meet regulators' needs easily and without friction, empowering them to make informed decisions about who they will do business with. And now, together with our expanded services, we can be that first line of defence to fight money laundering and other financial crimes."
Sikoia is a category-defining Unified Data Platform (UDP) and orchestration layer that enriches and aggregates customer data from disparate sources and systems to automate compliance and risk processes, such as customer onboarding and verification, or portfolio monitoring. Client engagement and risk operations teams use the Sikoia Portal to access a fully-enriched, 360° view of the customer, and power operational efficiencies, delivering faster decisioning and powering best-in-class customer experiences. For more information, visit www.sikoia.com
ComplyAdvantage is a global leader in financial crime detection technology. The company provides innovative solutions that help financial institutions and other businesses manage their risk exposure to financial crime. ComplyAdvantage's platform utilizes advanced technology, including artificial intelligence and machine learning, to provide clients with access to comprehensive databases of sanctions, watchlists, and adverse media coverage. For more information, visit www.complyadvantage.com/
If you find onboarding, monitoring and risk assessment processes to be inefficient we can help.
Sikoia Ltd is authorized and regulated by the Financial Conduct Authority (FCA) as an Account Information Service Provider (AISP) under the Payment Services Regulations 2017 (FRN: 942979) and as a credit reference provider (FRN: 942616). Sikoia Ltd is a credit broker and not a lender. Credit is subject to status.
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