SCOPE FinTech Solutions and BlueMonks are proud to announce a strategic partnership to enhance KYC/AML compliance for financial institutions. By working together, SCOPE FinTech Solutions and BlueMonks offer customers the best possible solutions for their compliance needs.

BlueMonks

BlueMonks is an organization that focuses on providing tailored compliance solutions for financial institutions. BlueMonks specializes in identifying and mitigating compliance risks and supporting their clients in complying with regulations aimed at combating Financial and Economic Crime (FEC), including KYC (Know Your Customer) and AML (Anti-Money Laundering). In addition, BlueMonks also has experience with Remediation Programs, Interim and Project Management, and has professionals in all layers of the Three Lines of Defense Model. For those involved in the field, BlueMonks also offers training and education to increase employee awareness and knowledge of compliance. BlueMonks is known for its flexibility and custom approach, serving clients in various sectors, including banks, lawyers, insurers, and asset managers.

SCOPE FinTech Solutions

SCOPE FinTech Solutions is a specialist in providing innovative technological solutions for financial institutions. The company specializes in compliance management, risk management, and anti-fraud solutions. SCOPE FinTech Solutions offers a wide range of products and services, including its Compliance Management Portal, which helps financial institutions manage their compliance activities more efficiently. With the software, organizations can quickly identify customer risk profiles, track customer due diligence activities, automate legal reporting obligations, and ensure ongoing compliance with all applicable regulations.

Overall solution for (financial) institutions.

The new partnership combines the products and services of both companies, offering customers a comprehensive total solution. BlueMonks will use SCOPE FinTech Solutions’ Compliance Management Portal as part of their proposition, combining automation and manual processing. This allows BlueMonks to further streamline the end-to-end KYC/AML process while providing additional services such as remediation processes and setting up and designing optimal and efficient KYC processes.

CEO of SCOPE FinTech Solutions, Fred van ‘t Hoff: “We are very excited about this partnership with BlueMonks. By working together, we can offer our customers an even more extensive package of solutions that allows them to meet all their legal requirements.”

Managing Director of BlueMonks, Mark van Wijk, adds: “Our goal has always been to provide our customers with the best possible service when it comes to managing their compliance activities. By working with SCOPE FinTech Solutions, we can now offer an even more complete range of services that not only meets regulatory expectations but exceeds them.”

The partnership between SCOPE FinTech Solutions and BlueMonks offers financial institutions the opportunity to manage their compliance activities more efficiently and comply with applicable laws and regulations. Thanks to the total solution offered by the two companies, financial institutions can effectively and efficiently onboard, monitor, and manage their customers.