Managed and
Self Managed
Compliance services
Compliance services that are transforming
how you firms stay compliant with
asignificantly reduced burden
Trrust on
Supercharge your
compliance
The Somom platform running the compliance services is fast, scalable and easily configurable. It rapidly strengthens your AML defences and compliance capabilities, while meeting your compliance obligations and challenges in any sector.
Our tools dramatically reduce both false positives and false negatives, empowering compliance teams to make validated decisions with unprecedented speed and accuracy.
The role of technology for managed compliance services
The importance of the human element in AML compliance
We will always need people at the centre of our AML systems; technology is not designed to replace human decision-making but to help those making the decisions, for example bringing forward smaller datasets to analyse and collating information from a wide range of sources for a more informed review.
With the changing role of technology, it is only natural that the human element must evolve too. As technological developments allow for more efficient systems to be created, particularly within Artificial Intelligence (AI).
Closing the operational gap
It's quite common to find organisations highly dependent on manual and subjective decision-making which is where illicit activity may slip through the gaps. This risk can be reduced by building and maintaining sustainable and high-performing teams and strategizing the set-up of operational teams to leverage new technology. This is only possible if organisations can find suitable personnel to operate such technology.
Effective regulatory technology has a key role to play in building sustainable and high-performing teams. By removing greater amounts of mundane tasks from the operational process, compliance teams can focus on high-value and high-risk analysis. This not only reduces the risks of illicit activity being unidentified, but also increases the focus, performance and motivation of individuals within this control process.
Platform Features
Single unified compliance platform
Somom compliance ’s single unified platform integrates multiple compliance solutions into one master dashboard.
Highly configurable and intuitive UI
Our easily configurable dashboard gives you a view relevant to your tasks, allowing you to spot at a glance where suspicious activity may be occurring.
Flexible deployment
Should you need to deploy on-premise or in the cloud, we work with you closely to deliver the right outcome for your organisation.
Automated reporting and intuitive workflow
Increased team’s efficiency and outcomes with intuitive workflows.
Scalable from zero to infinity
Our highly scalable platform can scale to match organisations of all sizes and sophistication, from start-ups to large global organisations.
Reduce false positives
Using the only automated accounting transactions monitoring solution, Somom compliance helps dramatically reduce real false positives and correctly identify more false negatives.
About us
We are Somom Compliance
Somom is the world’s first end-to-end intelligent compliance platform. We want to change organisations’ attitudes to compliance, making it a proactive strength that gives businesses a competitive edge.
We know we can make a real difference, by focusing on efficiency and outcomes. That’s why we have built an evolving suite of intelligent compliance products that aims to capture and share best practice across all sectors.
By offering the most effective solutions for businesses, we can transform compliance.
Why Somom Compliance?
Policy focus
We will work with you to ensure your organisation’s AML and risk policies are reflected in the outcomes that you get from our platform and that they exceed regulatory demands.
Flexible deployment
Should you need to deploy on-premise or in the cloud, we work with you closely to deliver the right outcome for your organisation.
Continuous success
For self managed service, we provide every customer with a dedicated Customer Success Manager and access to a same day support as we believe you deserve the best experience possible when using our software.
Security as priority
We work closely with cyber security experts to implement a product and platform that is secure by design. With our in-depth defence strategy and commitment to holistic security, you can rest assured that you, and your data, are in safe hands.
Data independence
We work with all 3rd party data vendors and can help you select the right provider for your organisation.
Unique service offering
We are the first service provider to offer a fully managed service merging into one offering expertise, compliance officers and compliance technology.
Managed compliance
services
Futureproof your operational efficiency by leveraging our
managed compliance services.
Our Solutions
Risk-Based due diligence
Dramatically reduce false positives, while still detecting truly suspicious activity, with our machine learning-enabled transaction monitoring system designed to be used by non-technical business users in organisations of all sizes.
Policies
Run real-time searches on payment or transactional data against multiple watch and sanctions lists to make rapid decisions about the level of risk associated with payments beneficiaries and originators.
Individuals Screening
Screen individuals against designated sanction lists while leveraging a machine-learning programme and advanced fuzzy matching algorithms to reduce false positives.
Client Activity Review
Gain additional deeper insights about your customer’s activity with an automated ongoing review of all accounting record results - against their expected behaviour.
Customer risk assessments
Perform enhanced risk assessments to generate a risk level for each client. Use these levels as part of a risk-based assessment to optimise your compliance processes.
Entity Screening
Screen entities against designated sanctions and watch lists using advanced fuzzy matching algorithms to reduce false positives.
It’s time. Let’s talk.
Book a demo and get critical insight into our unique approach,
approved by specialist in compliance management.
Learn about technology,
compliance & more
We’ll email you the latest industry insight.
Get in touch
- 21, Mons. A. Bonnici street
- info@somom.com
Follow us
Legal
- Terms and Conditions
- Privacy Policy