19 July 2021, London: PassFort, the SaaS RegTech provider automating financial crime and compliance processes, has announced a new partnership with Mauritius-based compliance consultancy firm, Abler Digital, part of Abler Consulting LTD.
Through the partnership, PassFort and Abler will assist financial services companies in Mauritius and Africa to digital transform their customer due diligence, ongoing monitoring and other risk management processes.
Mauritius has a large and well-developed domestic financial system. Abler has capitalised on this by offering regulated companies in the region services that drive efficiency regarding compliance processes associated with all aspects of customer lifecycle management (CLM). The consultancy company was looking for a strategic partner who could offer an end-to-end RegTech solution that would support the digitisation of CLM, and they chose PassFort.
Tarun Koonjul, CEO of Abler Digital, explains: “At Abler, we look to partner with experts that can provide additional value to our international and local clients. We chose to partner with PassFort because of the sophistication of its well-established compliance automation solutions, its ability to configure risk management workflows for regulation in any jurisdiction, and its experience in supporting FinTechs offering a vast array of products to both consumer and corporate customers. We’re looking forward to presenting this solution to our clientele and growing our partnership with PassFort.”
Donald Gillies, PassFort’s CEO, said: “We are delighted to be working with Abler to offer digital transformation of compliance to financial services customers in this strategically important part of the world. We have ambitions to be the leading compliance automation platform globally and through curated partnerships we can quickly serve customers with the highest quality solutions. Not only is the financial services sector expanding in Mauritius, but there are undervalued opportunities to work together across Africa and further into the Middle East. Our end-to-end compliance automation solutions are a perfect pairing with Abler’s deep expertise in regulation and compliance best practice in this market. The whole team at PassFort is excited to develop this opportunity for future global growth.”
About PassFort
PassFort adds the human touch to compliance automation. It enables regulated financial services companies to manage risk, trust and compliance standards across customer relationships. PassFort’s magic is its ability to dynamically orchestrate all aspects of KYC and AML workflows, so humans can be brought in and out of the process for high-value tasks that need analysis, judgement and decision-making.
PassFort’s technology enables companies to rapidly onboard and monitor their customers at scale. Its low-to-no code solution thrives on complexity such as multiple customer types, multiple product lines and multi-jurisdictions; empowering compliance teams to be more efficient and to build trusted long-term customer relationships globally.
Headquartered in the UK, PassFort has now supported more than 6 million automated compliance processes for its customers worldwide.
t. @PassFortKYC
About Abler Digital
Abler Digital was founded to assist our clients successfully adapt to the ever-changing technological requirements. While many FinTech consulting companies provide purely FinTech advisory services, at Abler Digital, we add Governance, Risk and Compliance (GRC) services to the mix. Leveraging the expertise of Abler Consulting, we can assess GRC and regulatory frameworks relevant to FinTech clients. Abler Digital has also extended its reach to GovTech and RegTech industries where we offer our expert services encompassing Design Strategy, Digital Transformation, Data Analytics and Training, and Human Capacity Development.
e. contact@ablerdigital.com
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