The platform enables users to conduct self-verification and manage their AML data, which they can share with any business partner. Simur emphasizes the importance of users controlling their digital information while offering compliance professionals a comprehensive onboarding toolkit that includes features such as KYC/Screening, Risk Scoring, and additional functionalities.
Digital wallet allowing end users to hold one profile for all their AML/onboardings and share that with interested companies
Anytime the user updates any of their information, all the companies that had onboarded the client would also have that data point updated (think about company structures/passports/etc)
Customisable questionnaires and workflows
Weaknesses
Requires clients to do all the heavy lifting (KYB, Questionnaires, KYC - everything has to be filled and done by the client)
The UX/UI needs work, as well as data flow across modules
New player in the market, needs time to cook in the oven
Pricing
Completely free to sign up to and use - only get charged for things like Screening, Ongoing Monitoring and KYC usage.
Aventine Rating
Aventine Comment
If the digital wallet catches on this could be the most powerful tool to date, but it does require people to become familiar with what Simur is, meaning it needs tons of money for marketing and educating the market to download and update their AML packs. Might make the process even longer since all the work has to be done by the client - no KYB fetch