Mopso

Presentation

Financial institutions are struggling to comply with anti-money laundering regulations due to customer due diligence (CDD). They force users to go through a lengthy process of collecting all their personal details with repetitive requests, verifying the data with human processes.

Brain is a software platform that predicts false positives in the current detection of suspicious AML activity and discovers new money laundering schemes.

Amlet automates CDD based on three main elements: Amlet’s web interface collects personal data using dynamic forms; the background check infrastructure verifies all data provided; the information is finally translated into verifiable credentials and sent to any Autonomous Identity Supporting Application (AIS).

Benefits

Brain collects and analyses millions of pieces of data to offer its clients a massive verification, using static and transactional data, capable of reducing the risk of false negatives and, consequently, of sanctions by the Supervisory Authority.

With Amlet, customers can share their data easily and securely with any financial institution that adopts it, making “portable CDD” a reality without the need for a centralised database.

Technology

Blockchain, Graph Database, API