KYB software to mitigate risks & onboard businesses quickly
Verify legal entities and UBOs through document collection, ID verification, risk scoring, AML screening, and much more.
KYB solution to orchestrate from end-to-end
Complete toolkit for business onboarding & AML compliance
Company verification
Company data collection
Review dashboard
Business verification against official registers
UBOs and directors verification
Personal data collection
ID verification
eSignature
Risk assessment
Screening against PEP & sanction lists
Risk assessment (AI-powered ✨)
Risk scoring
Ongoing compliance
Periodic background check (PEP & sanctions)
Expiration alerts and KYB refresh
Activity logs
Get powerful entity data management
Collaborative workspace
Collaborate effortlessly across the entire company, from legal and compliance teams to business teams.
Review Dashboard
Reduce the back and forth with your client by using a clear dashboard to approve or reject the collected client's information.
Profile management system
Classify information clearly. E.g., you can link a business verification process with several UBO verifications and/or contract signature processes.Built for any and all industries
Fintech
Fund Management
Law Firms
Banking
Real Estate
Consulting & Auditing
Payment Solutions
Commercial lending
Wealth Management
Designed to strengthen your B2B relationships
Enhance your business trust and integrity
Build trust for your company while managing KYB processes designed to deliver the best client experience.
Partner up with a trusted team
We progress together during your onboarding, helping you to map out your processes, and providing you with specific training and 1:1 sessions.
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 risk assessment
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.
AML Screening & Monitoring
Check your customers against real-time watchlists, PEP & sanction lists, country-specific databases.
Risk Scoring
Build your own risk-based approach with No-Code calculation fields to reject suspicious clients or conduct enhanced due diligence.
Reporting with Mike AI ✨
Have a peer performing the money-laundering risk assessment to refine your risk management and avoid oversights.
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.
Learn more
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.
Learn more
Frequently asked questions
How can I build my own KYB process in Parallel?
Start building a custom KYB flow to collect any business information through Parallel’s smart forms. Customize your fields to identify and verify businesses and Ultimate Beneficial Owners within a single form. Add blocks to your flow for risk scoring, AML screening, and much more!
Does Parallel help me stay compliant with data protection regulations?
Yes, stay compliant by setting specific data retention periods based on stored data types. Data will be anonymized after the assigned time.
My company performs KYC and KYB processes. Can I handle both within Parallel?
Of course! You can efficiently manage both KYC and KYB processes by customizing a clear and organized workspace for your compliance team and stakeholders. Thanks to Parallel Profiles, you will be able to create connections between individuals and legal entities, gaining a complete view of the business structure.
Where can I see Parallel success stories in the AML field?
Navigate our customer stories section and see how Parallel has helped organizations like SeQura, Cuatrecasas, and Talenta streamline their AML operations.
Book a demo with us
More than 2,000 people have already transformed their teams with Parallel.
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