KRM22 adds Digital Client Onboarding to offering

RNS Number : 9717H

KRM22 PLC

06 August 2019

 

KRM22 plc

("KRM22", the "Group" or the "Company")

KRM22 adds Digital Client Onboarding application to the Global Risk Platform

KRM22 plc, (AIM: KRM:L) the technology and software investment company, with a particular focus on risk management in capital markets, today announces a partnership agreement with Veridate Financial Limited to distribute and support the Digital Client Onboarding application through the Global Risk Platform.

Digital Client Onboarding enables firms to manage the complexity of onboarding clients more efficiently. Its end to end rules-driven solution manages the documentation requirements and helps firms to comply with KYC and AML regulations. The screening checks are extensive, providing real-time monitoring of sanction and PEP lists.

Keith Todd, Chairman and CEO at KRM22, commented: "Digital Client Onboarding will help customers to protect their organisation against the growing risk of financial crime and fraud. Our growing suite of complementary regulatory and operations risk applications including Enhanced Due Diligence, Individual Accountability Regime and Trade Surveillance provides a material market opportunity by simplifying procurement processes and market data requirements for firms looking to address the growing risk of market misconduct."

For further information please contact:

Keith Todd, Chairman and CEO                                                                      [e-mail]

Kim Suter, CFO

finnCap Ltd (Nominated Adviser and Sole Broker)                                                      [phone]

Carl Holmes / Kate Bannatyne / Matthew Radley - Corporate Finance

Alice Lane / Sunila de Silva - ECM

About us:

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimize risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com.

About Veridate Financial Limited:

Veridate Financial Limited is based in Hong Kong. It provides a fully integrated end-to-end digital client onboarding solution to discretionary wealth managers, financial services administrators and regulated platform operators. Its innovative SaaS based application provides an exceptional user experience with a workflow portal that reduces back office costs by 40%.

 

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