Solution bundles
Welcome to Harmoney's Platform Bundles, where financial innovation meets simplicity. Explore our comprehensive suite of solution bundles, designed to streamline your operations and propel your business forward. With a focus on modularity and cutting-edge technology, Harmoney empowers you with ready-to-use, compliant solutions that deliver regulatory peace of mind. Discover the future of financial management and unlock the potential for seamless growth with Harmoney's transformative platform bundles.
Counterparty Risk Management
This bundle allows any organization to easily screen whether private individuals or legal entities alike are mentioned on watchlists worldwide such as sanction lists, politically exposed persons (PEPs) and adverse media lists.
If a ‘hit’ would occur, an automated report related to the ‘hit’ is generated. This allows to assess whether the hit is a ‘false positive’ and if, as a result, further investigations would be required prior to the risk acceptance.
A clear, time-stamped audit trail of the past screenings allows you to manage the history.
This bundle is composed of following modules:
AML, PEP, sanction, embargo and adverse media screening
Case management and continuous risk monitoring
Contract Risk Management
The Contract Risk Management bundle manages a higher degree of complexity than the Counterparty Risk Management bundle
This bundle allows to define a risk scoring based on a screening which is performed on all parties (private individuals or legal entities) related to a counterparty: the client or supplier, the related companies, UBO’s, contract beneficiaries,… all parties you deem fit to be part of the KYC/AML risk management. The screening includes whether clients and counterparties are mentioned on worldwide watchlists such as sanction lists and also provides a view on potential adverse media and PEP ‘hits’, and this for private individuals and legal entities alike.
If a ‘hit’ would occur, an automated report related the hit is generated and attached to the relevant party, allowing the user to assess whether the hit is a potential ‘false positive’, allowing to determine whether further investigations would be required prior to the potential acceptance of the client or counterparty.
Once onboarded, periodic rescreening and reviews can be performed by your compliance team.
A clear, time-stamped audit trail of the past screenings allows you to manage the history.
This bundle is composed of following modules:
AML, PEP, sanction, embargo and adverse media screening
Comprehensive risk scoring engine
Case management and continuous risk monitoring
KYC/KYB
Harmoney's KYC/KYB bundle is designed to provide a smooth and efficient onboarding and reboarding process for both private individuals and complex legal entities.
This bundle includes capturing ID documents and personal info, standard KYC/KYB questionnaires, company related documents, UBO identification and verification and PEP-questionnaires. Completeness checks provide a high percentage of first time right, avoiding inefficient back-and-forth communications.
The end-client or counterparty can access the secure platform via a 2-factor authentication. In case of a subsequent renewal, the client will be positively surprised with pre-filled information which can be digitally confirmed or altered.
This bundle is composed of following modules:
Identification and validation
UBO verification and confirmation
Client outreach
End-to-end compliance
This solution is a readily available, all-encompassing bundle to provide your organization with end-to-end compliance.
Via the secure platform, relevant documents and datapoints from private individuals and legal entities can be captured. These include ID documents, proof of address, deed of Incorporation, identification of the UBO’s, PEP questionnaires….
Importantly, completeness checks provide a ‘first time right’ experience for both counterparties and employees.
Once all data and documents have been captured, an automated screening (AML, PEP and Adverse Media) on all parties related to a contract or file is performed allowing to instantly calculate the level of risk.
The generated reports in case of a ‘hit’ allow for effective case management prior to the acceptance of the client or during the client lifecycle.
This bundle is composed of following modules:
Identification and validation
UBO verification and confirmation
AML, PEP, sanction, embargo and adverse media screening
Comprehensive risk scoring engine
Case management and continuous risk monitoring