Our AMLLite and AMLEnhanced check offered Funding Knight a robust approach to countering money laundering risk and cost them nothing to implement. The business only pays for the services that they use, and we are able to introduce further bespoke offerings where required, as the company continues to grow.
The ComplianceAssist approach to pricing made it a perfect fit for a start-up business. As well as gaining access to a comprehensive AML service for no initial outlay, Funding Knight received discounts as their volume of transactions grew to fund more than £18m in loans.
The fully-hosted service, with training and support included, provided them with the benefits of an in-house offering without the associated costs.
As the business grew, Funding Knight were able to make use of the application interface for automated data interchange at no additional charge. When crowd lending began to be regulated in 2014, the company’s rigorous approach was rewarded, leaving them fully prepared to gain their authorisation.
Looking forward to exhibiting at @PayExpo this week. Come and see us at stand C24.
Looking for CPD? #LegalEx has over 150 certified seminars. Our MD will be speaking about efficient use of the internet for due diligence.
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