Empowering Financial Services with Anti-Money Laundering (AML) Compliance
Seamlessly Meet Regulatory Requirements and Safely Onboard Customers
Common Industry Pain Points
Lack of accuracy
Financial institutions in Malaysia using International screening providers do not have enough local databases to generate accurate results. Since more than 95% screened are Malaysians, this limits their effectiveness. The database used by international providers is without robust local data, and the system's efficacy is greatly compromised. It's like digging for diamonds in a gold mine.
Local support
Lack of local support from international providers is a common pain point for many Malaysian customers. Generic solutions offered by these providers often fall short in addressing the specific nuances of the Malaysian market.
Affordability
Affordability is a common pain point for Malaysian companies dealing with international providers. Their solutions often come with high costs that don't align with local budgets.
The financial services realm is vast, with institutions grappling with rising fraud and stringent BNM regulations. Efficient vetting of customers and loan applicants is crucial to mitigate risks. However, relying solely on international risk screening can miss critical local data, impacting the precision of risk management.
Powerful Malaysian Criminal Database
HaloCheck's Risk Check provides a powerful Malaysian criminal database spanning 30 years, helping you identify potential risks and safeguard your organization.
Confident Risk Mitigation
Backed by our extensive proprietary criminal database, we offer confident risk mitigation, serving as your first line of defence.
Effortless Regulatory Compliance
Our tool offers effortless regulatory compliance with affordable and user-friendly solutions, helping you navigate complex frameworks.
Instant and Affordable Screening
HaloCheck's Risk Check is the only Instant Screening solution in Malaysia, providing instant and affordable background checks accessible via desktop, mobile, and API anytime, anywhere.
With HaloCheck's trio of Risk Check, Community Reference Check, and e-KYC, financial institutions in Malaysia are empowered to bridge local data gaps to enhance screening accuracy, gain community insights, and ensure robust digital identity verification. This comprehensive approach not only fortifies defences against risks but also streamlines the onboarding process, reinforcing compliance and trust in the ever-evolving financial landscape.
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EXCLUSIVE
