AI TOOL PROFILE
iCOMPASS: Compliance Management Software
- Finance and Accounting
- Compliance Management
- Financial institutions
- Regulated entities
- Law firms
- Corporate service providers
- Fund management companies
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website, though a free trial is mentioned.
At a glance
- Best for
- Financial institutions, Regulated entities, Law firms, Corporate service providers, Fund management companies
- Key use cases
- Customer Onboarding and Due Diligence, Ongoing AML Monitoring, Regulatory Policy Updates, Audit Readiness
- Integrations
- Dow Jones, World-Check, Lexis Nexis
- Official website
- Visit iCOMPASS official website
How AI is used
iCOMPASS is a modular SaaS platform designed for regulated entities, such as financial institutions, law firms, and corporate service providers. It is designed to support the compliance lifecycle, from customer onboarding to ongoing regulatory monitoring.
The software supports teams in tracking regulatory changes, managing internal policies, and performing AML screening in over 235 countries. It includes an AI assistant for compliance Q&A and tools for employee conduct tracking.
Buyers should confirm that the platform is tailored for high-regulation environments, particularly in Singapore, Hong Kong, Australia, the UK, and Malaysia, and is designed for those who need to maintain audit-ready records and align with frameworks such as those from the Monetary Authority of Singapore (MAS).
Key Features
Regulatory Change Management
Monitoring designed to detect and analyze regulatory updates and flag necessary policy changes.
Automated KYC Onboarding
Digital collection and verification of identity documents and risk assessment workflows.
AML Screening
Screening of individuals and organizations against global watchlists and sanctions lists in over 235 countries.
AskUltra AI Assistant
A compliance chatbot that provides answers to internal policy and regulatory questions.
Policy Management
Tools to generate compliance manuals with versioning and stakeholder acknowledgment tracking.
Employee Compliance Hub
Tracking of employee trading, gift disclosures, and conflicts of interest.
Regulatory Reporting Suite
Supports the generation and validation of MAS returns and financial mapping.
Use Cases
Customer Onboarding and Due Diligence
Using automated KYC workflows to verify identities and assess risk levels during client intake.
Ongoing AML Monitoring
Performing regular name screening and monitoring of beneficiaries against sanctions and PEP lists.
Regulatory Policy Updates
Mapping new regulatory guidelines, such as the MAS Digital Advertising Guidelines, to internal company policies.
Audit Readiness
Maintaining digital audit trails of ad reviews, approval timestamps, and staff acknowledgments.
Integrations
- Dow Jones
- World-Check
- Lexis Nexis
FAQ
Who is iCOMPASS designed for?
- It is designed for regulated entities, including financial institutions, law firms, and corporate service providers, particularly in Singapore, Hong Kong, Australia, the UK, and Malaysia.
What does the AI assistant in iCOMPASS do?
- The AskUltra AI assistant provides staff with answers to internal policies and MAS rules based on institutional memory.
Does iCOMPASS support AML screening?
- Yes, it provides automated name screening and risk assessment for individuals and organizations across over 235 countries.
Source category: Finance & Accounting
Source subcategory: Compliance Management
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