A fast-paced data solutions provider to several financial institutions professional firms and corporations, whose primary focus of operations were on locating and presenting critical risk and compliance details pertaining to Know Your Customer (KYC), Anti Money Laundering (AML) and other reference data services reached out to us when they required the solution to integrate external sources into their Regulatory Compliance platform (RC).
Concurrent requests to customer’s Regulatory Compliance platform took much time for responding as well manual intervention is needed. The number of requests processed per minute is lesser in number. There was no notification system or email alert system for requesting the user to perform some actions. Platform downtime during weekdays to be minimized.
iPaaS solution was developed with the following functionalities
TechMobius’s highly skilled team developed Cloud-based Web Extraction Platform ‘Mobito’ that was configured and set up as “Integrated Platform as a Service” (iPaaS). This enabled the Regulatory Compliance platform to ingest relevant content from a multitude of public sources to complete the KYC process. This aided in about 200 requests being processed per minute, which was significantly more than what was originally processed. All operations were automated and hence, efficiency and productivity increased multifold.