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Tech Lowdown: Kompli-Global, Pleo, Cooper Parry and Funding Options


This week’s roundup features a KYC offering from Kompli-Global, Pleo launches Pocket and Google Pay, and Cooper Parry partner with Funding Options.

5th Jan 2021
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RegTech AML specialist Kompli-Global launched comprehensive Know your Customer (KYC) solution, Kompli-Outsource™.

The Kompli-Outsource technology does the heavy lifting, in tandem with human anti-money laundering (AML) expertise so the firm can then retain the right to choose whether to onboard the customer. The technology boasts up-to-date and complete information to support its decision making, whilst meeting regulatory requirements.

The launch of Kompli-Outsource also follows the release in September of the Consultative Committee of Accountancy Bodies (CCAB)’s updated anti-money laundering (AML) and counter terrorist financing (CTF) guidance targeted across the accountancy sector. 

Reflecting the changes made to the UK’s Money Laundering Regulations with respect to the provisions of the 5th EU Anti-Money Laundering Directive, the guidance permits and promotes the use of electronic identification and verification systems where certain criteria are met.

Kompli-Global “technology and expertise in KYC due diligence will enable such firms to remain compliant and focus on what they do best,” commented Kompli-Global CEO Jane Jee. 

“By giving us some basic client information, our technology and expertise deliver comprehensive onboarding reports that mean accountancy firms can be more confident that they keep criminals out and avoid fines for non-compliance.”

Pleo launches Pocket and Google Pay

Danish fintech Pleo has launched new app feature Pocket which works in conjunction with Pleo's smart credit cards and expense management solution and helps businesses manage out-of-pocket expenses.

Pocket allows users to add an out-of-pocket expense to their accounts, such as a cash purchase or mileage claim. They can also record owed money to the company, and all responsible parties receive an overview of amounts owed and can export this to accounting software, or quickly settle with their preferred payment method.

Pleo has also integrated Google Pay into its expenses and payments platform. Business customers now have access to contactless payment for business purchases, while team leaders retain spending transparency. This follows Pleo’s earlier integration with Apple Pay.

Cooper Parry partner with Funding Options

Accountancy firm Cooper Parry has partnered with business finance marketplace Funding Options to provide financial solutions for ambitious scale-ups and SMEs.Cooper Parry will utilise Funding Options’ platform to source debt-based products for clients in need of working capital.

“Much time is wasted by companies in the growth phase assessing where to get support and understanding who will deliver the best value right across their growth agenda,” commented Cooper Parry partner Steve Leith. “The partnership with Funding Options was a no-brainer for us, giving the CP Futures team the ability to connect companies to debt finance quickly and efficiently through the UK’s leading funding marketplace.”

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