Risk monitoring is crucial for the financial sector. For example, non compliance with Anti money laundering regulations can expose a company to steep fines, reputation loss, and loss of clients. Concordia Legal delivers a fully configurable Risk Module that generates a complete web application to quantify risk and compliance in your company. The Risk Module is used to monitor the complete clientbase, client due diligence, with the latest available data to ensure that risk monitoring is applied across the board and actions/transactions are validated within the bounds of the company policies and legal regulations.The underlying technology has already been applied to monitor 10+ Million clients for Customer Due Diligence (CDD).
Full automation of the Concordia Legal Risk Module allows a client to configure, test, and deploy a risk or calculation model and deploy the web application. With the full environment, our customers can switch from using complex Excel in their business operations to well-maintained web applications that help their consultants process the right inputs and delivers documented and auditable pdf reports.