As financial institutions manage growing regulatory requirements and increasing customer volumes, manual verification can become time-consuming and difficult to scale. For investment management firms, processes such as KYC, KYB, AML screening, and transaction monitoring are essential for understanding customers, meeting compliance requirements, and managing risk.
With a focus on helping individuals, businesses, and institutions preserve, grow, and manage their wealth, Lofty-Corban provides professionally managed investment solutions across money market funds, fixed income funds, special funds, and pensions. As an investment management firm, understanding its customers, assessing risk, and maintaining compliance are central to its operations.
Previously, Lofty-Corban managed these processes manually. Today, the company uses Prembly to support key areas of its verification and compliance workflow, including KYC and KYB verification, AML and adverse media screening, risk profiling and rating, and transaction monitoring
About Lofty-Corban
Lofty-Corban Investments Limited is an investment management firm providing professionally managed investment solutions that help individuals, businesses, and institutions preserve, grow, and manage their wealth with confidence.
Its product offerings include money market funds, fixed income funds, special funds, and pensions, serving customers with different investment and wealth management needs.
As part of managing these relationships, the company needs reliable processes for verifying customers, assessing risk, and maintaining compliance.
As part of managing these relationships, the company needs reliable processes for verifying customers, assessing risk, and meeting compliance requirements.
The Challenge: Managing Verification and Compliance Manually
Before using Prembly, Lofty-Corban handled its verification and compliance processes manually. This included activities around customer and business verification, AML and adverse media screening, risk assessment, and transaction monitoring.
Handling these processes manually was tedious and time-consuming, especially when different checks had to be carried out across multiple stages.
For Lofty-Corban, the need was not simply to verify customers. The company required a more structured approach to manage the different checks involved in understanding customers, assessing risk, and meeting its compliance requirements.
The Solution: Verification and Compliance With Prembly
Lofty-Corban now uses Prembly across several areas of its verification and compliance workflow. These include:
- KYC and KYB verification: Helping the company verify individual and business customers.
- AML and adverse media screening: Flagging potential compliance and reputational risks.
- Risk profiling and rating: Assessing customer risk during onboarding and compliance processes.
- Transaction monitoring: Supporting ongoing monitoring of customer activity.
By integrating these capabilities into its workflow, Lofty-Corban can move beyond the manual processes it previously relied on and manage key verification and compliance activities through a more structured system.
