SCOPE CRM

SCOPE CRM is a client onboarding and compliance management solution designed to assist businesses in meeting Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, according to the vendor. This software solution caters to small to large-sized companies across various industries, including financial institutions, real estate agencies, legal firms, accounting firms, and consulting firms. With its range of features and user-friendly interface, SCOPE CRM aims to streamline the client due diligence process, enhance risk assessment capabilities, and ensure compliance with regulatory requirements.

Key Features

Compliance Management Portal: According to the vendor, the Compliance Management Portal within SCOPE CRM serves as a centralized platform to manage and execute client onboarding and compliance processes. It offers tools for risk assessment, due diligence, and regulatory compliance, aiming to help businesses efficiently meet their obligations under AML and KYC regulations.

CDD API: The CDD API, as claimed by the vendor, allows seamless integration of SCOPE CRM's client due diligence (CDD) functionality into users' own software systems. It enables users to perform CDD checks directly within their software environment, eliminating manual processes and improving efficiency. The API provides access to reliable data from trusted sources, ensuring accurate and up-to-date information for risk evaluation.

CDD On Demand: The vendor states that CDD On Demand is a web-based version of SCOPE CRM that enables users to perform client due diligence checks directly in their web browser. It offers a user-friendly interface for conducting compliance checks in accordance with AML and sanction regulations. Users can generate certified risk reports for their clients, providing an overview of the risk assessment process and compliance status.

Risk Assessment Algorithm: According to the vendor, the Risk Assessment Algorithm is a key component of SCOPE CRM, allowing users to define and apply their own risk assessment policies. It automates the CDD process and incorporates standard background checks, enabling efficient processing of large volumes of client dossiers. The algorithm aims to improve efficiency, reduce errors, and ensure consistency in risk evaluation.

Integration with Third-Party Solutions: SCOPE CRM offers integration capabilities with third-party KYC/CDD service providers and other software solutions, according to the vendor. This allows users to enrich their existing software systems with SCOPE CRM's AML and CDD checks, providing a comprehensive compliance solution. The integration is facilitated through the SCOPE CDD API, offering cost-effective options for accessing SCOPE CRM's services and data.

Client Screening: According to the vendor, SCOPE CRM provides features for client screening, enabling businesses to assess the risk associated with potential clients. It allows users to conduct thorough background checks, ensuring compliance with AML and KYC regulations. The tool aims to help businesses make informed decisions about their clients and mitigate potential risks.

Identity Verification: The vendor claims that the identity verification feature within SCOPE CRM enables businesses to verify the identities of their clients. It offers secure and reliable methods for confirming the identity of individuals, ensuring compliance with regulatory requirements. This feature aims to help businesses establish trust and mitigate the risk of identity fraud.

Ongoing Monitoring: SCOPE CRM supports ongoing monitoring of clients, according to the vendor, allowing businesses to keep client records up-to-date and ensure continued compliance. The tool provides alerts and notifications for any changes or updates in client information, helping businesses stay informed and proactive in their compliance efforts.

Customizable Risk Assessment: According to the vendor, SCOPE CRM allows users to customize the risk assessment process based on their specific risk assessment policies. Users can define the client information required for risk evaluation and tailor the risk assessment algorithm accordingly. This feature aims to ensure businesses can adapt the compliance process to their unique needs and requirements.

Certified Risk Reports: The vendor claims that SCOPE CRM enables users to generate certified risk reports for their clients, providing a comprehensive overview of the risk assessment process and compliance status. These reports serve as official documentation of the due diligence process and can be shared with regulators, auditors, or other stakeholders as required.