AI TOOL PROFILE
passfort: KYC and AML Compliance Management
- Finance and Accounting
- Compliance Management
- Financial institutions
- Fintech firms
- Crypto businesses
- Asset management firms
- Insurance companies
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Financial institutions, Fintech firms, Crypto businesses, Asset management firms, Insurance companies
- Key use cases
- KYC Onboarding Automation, Ongoing AML Monitoring, Risk Profiling, VASP Crypto Risk Screening
- Integrations
- Moody's data sources, 25+ global data provider APIs, Webhooks
- Official website
- Visit passfort official website
How AI is used
passfort (accessed via Moody's Maxsight™) is a SaaS platform for customer lifecycle management. It supports the automation of Know Your Customer (KYC) and Anti-Money Laundering (AML) processes to help reduce manual workloads for compliance teams.
The tool is designed for financial institutions, fintechs, and crypto businesses that manage regulatory requirements across different jurisdictions. It supports the customer journey from initial onboarding and due diligence to ongoing monitoring and offboarding.
Buyers can use a low-code policy builder to design risk workflows and integrate data from global providers. The system allows for manual professional reviews to be included in the process where judgment is required.
Prospective buyers should confirm how the API integrations align with their existing back-office systems and verify the specific data providers available for their target jurisdictions.
Key Features
Low-code Policy Builder
A drag-and-drop interface used to design and test compliance workflows and risk policies.
Automated Onboarding
Supports automated customer due diligence (CDD) and enhanced due diligence (EDD) based on risk scores.
Perpetual KYC Monitoring
Supports the ability to set timeframes for ongoing monitoring or adopt a continuous KYC model.
Compliance Command Center
A portal used to manage casework, view workflow outcomes, and access audit-ready reports.
Data Provider Integration
Connects to 25+ global data providers via APIs to support a unified view of risk.
Custom Data Collection Forms
Supports the collection of missing or additional customer documents and data directly within the platform.
Use Cases
KYC Onboarding Automation
Using smart policies to help automate the collection and verification of customer data during sign-up.
Ongoing AML Monitoring
Monitoring existing customers to support compliance with anti-money laundering regulations.
Risk Profiling
Defining risk thresholds and jurisdictions to categorize customers and trigger specific workflows.
VASP Crypto Risk Screening
Combining on-chain and off-chain data to assess risks associated with Virtual Asset Service Providers.
Integrations
- Moody's data sources
- 25+ global data provider APIs
- Webhooks
FAQ
What is passfort used for?
- It is used to manage the customer lifecycle, specifically focusing on Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance workflows.
Who is the target audience for this software?
- It is designed for financial services companies, including banks, fintechs, crypto businesses, and asset managers.
Can you customize the risk workflows in passfort?
- Yes, it includes a low-to-no-code smart policy builder with drag-and-drop functionality to design and update workflows.
How does it handle data from different sources?
- The platform integrates Moody's data and connects with over 25 other global data providers via APIs.
Source category: Finance & Accounting
Source subcategory: Compliance Management
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