Mutual Banks, Building Societies and Credit Unions

Unburden yourself. Scalable KYC and KYB

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Solve your financial institution's toughest compliance challenges.

Let's make it fast, scalable, accurate and secure.
Scalability Regulatory complexity Customer expectations Cyber security Remediation

Scalability

Source by First AML is designed for banks and mutuals to scale without excess. This modular approach and laser focus on AML compliance means:

  • Better, faster and more reliable compliance with minimal 'white noise'.
  • Lower drop-off rates during customer onboarding providing more reliable growth rates.
  • A better bottom line supported by First AML's tiered pricing model.

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Regulatory complexity

Remove the burden and uncertainty of ever increasing and uncoordinated layers of regulation.

With First AML, remove the need for additional headcount and multiple subscriptions through:

  • in-platform risk assessment capabilities.
  • auto alerts for PEPs, sanctions and adverse media.
  • at-a-glance summaries of customer risk.

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Customer expectations

Benefit your customers through faster, simpler and more convenient onboarding services, while accelerating speed-to-market.

First AML is helping industry leaders combine superior customer experience and technology to create a competitive differentiation while still being compliant.

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Cyber security

First AML meets global-standard, multi-layered security protocols ensuring financial institutions are protected from:

  • Non-compliance risks associated with the collection and storage of AML-related Personal Identifying Information (PII).
  • Reputational risks related to catastrophic ‘black swan’ breaches.
  • Financial risks caused by non-compliance or data breaches.

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Remediation

Don't let inadequate legacy processes put your business at risk. Identify and correct any issues in your KYC data to ensure you future-proof your business.

First AML is helping financial institutions reduce risk by making sure that their KYC data is up-to-date, maintained and monitored continuously.

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Millions of clients are verified faster through 1000s of companies with First AML.

Fractional Finance
20VC
Cavalry Ventures
Headline VC
Blackbird VC

Build resilience and purposeful growth.

Save time and cost, and protect your company's reputation with a centralised and accurate KYC/B information system.

Risk and reputation protection

Protect your institution with robust KYC/B results that support well informed decisions and help build a resilient ESG posture. First AML provides high quality and source-verified due diligence information that is rigorously cross-checked. 

  • At-a-glance to deep dive analysis.
  • Always available data.
  • Configure to meet unique needs such as PEP and sanctions auto updates.

Accelerate compliance processes

AML-specific workflows build compliance resiliency through:

  • less manual tasks
  • quicker processes
  • improved collaboration
  • greater transparency
  • secure data exchange
  • more consistent results.

Exception-based processes further streamline the compliance function by reducing ‘white noise’ and housing all information in one portal, for at-a-glance reviews.

KYC Publications for Financial Institutions

First AML has removed friction and materially decreased verification delays from our customer due diligence process.
Greg Starr MinterEllisonRuddWatts
With First AML the onboarding experience is effortless.
Belinda Sinopoli Certane
First AML offers outsized operational impact and we've never had a customer complaint.
Matt Gunn Icehouse Ventures

Do it once, do it right.

Let’s talk about your compliance process.

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