Your end-to-end AML, orchestrated seamlessly
Automate your AML, cut operational costs, and keep compliance audit-ready.
KYC/AML software that handles the entire process
A full-stack platform of AML and KYC tools
Data collection and verification
KYC / KYB Form
ID Verification
Company and UBOs verification
eSignature
Risk assessment
Escalate critical cases to the designated officer
PEP & Sanctions Screening
Risk scoring
Reporting (AI-powered ✨)
Ongoing Monitoring
Continuous PEP and sanctions screening
Document expiration alerts
KYC refresh and enhanced KYC processes
Compliance
Evidence capture for compliance audits
Data retention management
Role-based system to control access
Your AML compliance in excellent form
Reduce operational costs
Drastically cut the time to serve your customer and expand your bandwidth, while maintaining your team size
Collaborate and escalate complex cases
Easily escalate complex cases to the right person when needed, document potential red flags, and keep a clear view of each client’s status.
Keep your compliance audit-ready
Automatically log all your work and meet client data retention requirements to successfully handle AML audits.Built for different industries
Law Firms
Fund Management
Fintech
Wealth Management
We stand by you at every step of the way
Stay ahead of the curve
Parallel is continuously updated to make compliance simpler and security ready
Partner up with a trusted team
We help you map out your processes and provide specialized training to master the platform.
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What our customers say
To collect 5 or 6 documents legally required, we had to go through too long email threads. We could easily lose 2 weeks to collect 1 document. And the whole process could take 1 month.
We were able to centralize all KYB on a single platform with Parallel, this was a game-changer for the team."
Onboarding Operations Manager at SeQura
What you save with Parallel is time, the time we often don't have.
Before Parallel, a KYC could take about three weeks until they provided you with all the documentation, now on average it's between 4 or 5 days. Sometimes even less."
Executive Assistant at Cuatrecasas
Parallel has provided us with the balance we were seeking between minimal friction during merchant onboarding and improved compliance management. The KYB onboarding process is now about 4 times faster.
Furthermore, the ongoing support from the Parallel team have been outstanding."
Strategic Project Enabler at SeQura
Previously, it took us 3 to 4 weeks to complete and sign all the paperwork. With Parallel, some investors finished the onboarding process in just 10 minutes.
We've improved the efficiency of the team, as they can now easily monitor and review, without constant follow-ups."
Director of Alternative Investments at Talenta
Customize your AML software solution
Compliance
Implanta tu proceso de KYC o KYB y reúne los datos y documentos necesarios de tus clientes.
Crea alertas de vencimiento según el nivel de riesgo de tus clientes y asegura el "KYC refresh" de todos tus clientes.
Optimiza tu proceso, tras detectar las fases más sensibles y analizar el tiempo dedicado a completar el proceso de KYC/KYB.
Ventas y Operaciones
Acelera tus operaciones y tus procesos de venta con formularios inteligentes
Crea alertas de vencimiento y revisión, operando en un entorno privado y seguro.
Detecta cuellos de botella y distribuye la carga de trabajo. Visualiza el volumen de trabajo de tu equipo.
Fintech y Servicios Financieros
Construye tu proceso de Know Your Customer (KYC) y recibe y verifica la información requerida de tus clientes. Crea alertas de actualización para mantener el cumplimiento de la ley de prevención de blanqueo de capitales.
Crea y gestiona los contratos comerciales de cada cliente y programa alertas de vencimiento.
Analiza las altas de nuevos clientes en un periodo de tiempo y obtén insights clave para el negocio.
KYC & KYB verification
Eliminate email and send smart forms to your clients. Access official company and ultimate beneficial owners data for your legal entity identification processes.
Risk Scoring
Build your own risk-based approach with No-Code calculation fields to monitor risk and conduct enhanced due diligence.
Reporting with Mike AI ✨
Use Mike, our Generative AI, to streamline your risk assessment and conduct recommended additional checks.
Legal structure of of legal entities and individuals.
Set up associations between individuals and companies to comprehensively and accurately assess the risk of new business relationships.
Risk Screening & Monitoring
Check your customers against real-time watchlists, PEP & sanction lists, country-specific databases.
Evidence and data retention management
Automatically capture compliance evidence and set data retention periods to meet regulatory requirements.
Enhancing your AML processes
Compliance
Implanta tu proceso de KYC o KYB y reúne los datos y documentos necesarios de tus clientes.
Crea alertas de vencimiento según el nivel de riesgo de tus clientes y asegura el "KYC refresh" de todos tus clientes.
Optimiza tu proceso, tras detectar las fases más sensibles y analizar el tiempo dedicado a completar el proceso de KYC/KYB.
Ventas y Operaciones
Acelera tus operaciones y tus procesos de venta con formularios inteligentes
Crea alertas de vencimiento y revisión, operando en un entorno privado y seguro.
Detecta cuellos de botella y distribuye la carga de trabajo. Visualiza el volumen de trabajo de tu equipo.
Fintech y Servicios Financieros
Construye tu proceso de Know Your Customer (KYC) y recibe y verifica la información requerida de tus clientes. Crea alertas de actualización para mantener el cumplimiento de la ley de prevención de blanqueo de capitales.
Crea y gestiona los contratos comerciales de cada cliente y programa alertas de vencimiento.
Analiza las altas de nuevos clientes en un periodo de tiempo y obtén insights clave para el negocio.
We protect your clients' data
Parallel follows ISO/IEC 27001 best practices for Information Security Management, and adheres to privacy and security principles from the design stage.
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We help you navigate your integrations
Effortlessly connect and integrate some tools into our platform, enabling secure automations and streamlined data flows for your AML processes.
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Frequently asked questions
Why do companies often need an AML solution?
A proper software solution like Parallel helps regulated entities automate tasks and reduce operational costs, making the AML compliance team more efficient and impactful.
What is the difference between KYC and KYB?
KYC (Know Your Customer) refers to the formal identification of individuals, while KYB (Know Your Business) focuses on identifying legal entities and their ultimate beneficial owners (UBOs).
What integrations does Parallel offer?
- Parallel is integrated with official PEP and sanctions lists, eInforma (Spain), and UK Companies House for company data, as well as electronic signature tools.
- Yes, you can integrate almost any tool you use via API or our Zapier connector.
- Yes, you can integrate almost any tool you use via API or our Zapier connector.
Can I import my previous data and processes into Parallel?
Yes! We’ll assist you in setting up your workspace while you get familiar with the platform. This includes implementing your KYC templates, configuring your risk assessment matrix, importing client data, among other tasks
How does Parallel's risk scoring system work?
It’s a simple system for assigning a risk score to business relationships. You can set it up based on your risk matrix, helping you make informed decisions (whether to escalate a case, prohibit a business, enhance the due diligence, etc.).
Book a demo with us
More than 2,000 people have already transformed their teams with Parallel.
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