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Bits Technology vs. Ondato

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Bits Technology

Ondato

5 Reviews and Ratings

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Bits Technology

    		N/A
    Mid-Size Companies (51-1,000 employees)
    		Bits Technology offers a full suite for the entire of compliance lifecycle that enables fintechs and financial institutions to stay compliant while scaling their business. Built with a modular, API-first architecture, Bits abstracts away the complexity of building core financial services, such as payments, accounts, cards, and lending etc. The platform includes automated workflows for KYC, AML, onboarding, a built-in regulatory risk engine, and case management, while a unified data layer…N/A

    Ondato

    Score9.9 out of 10
    Small Businesses (1-50 employees)
    		Ondato is a compliance solution that enables adherence to strict KYC and AML processes. The platform serves as a standalone tool for user verification and onboarding.

    $259

    per month

    Pricing
    Bits TechnologyOndato
    Editions & Modules
    Starter
    Contact Sales
    per month per installation
    Growth
    Contact Sales
    per month per installation
    Enterprise
    Contact Sales
    per month per installation
    No answers on this topic
    Offerings
    Pricing Offerings
    Bits TechnologyOndato
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoYes
    Entry-level Setup FeeOptionalOptional
    Additional Details—The price of the product differs for every single client, depending on the complexity of white labeling and the total number of transactions carried out. In addition, the price includes a one-time setup fee, which depends on the size of the company, as well as the integration fees that are based on the IT resources required for a particular case.
    More Pricing Information
    User Ratings
    Bits TechnologyOndato
    Likelihood to Recommend
    -
    (0 ratings)
    9.1
    (2 ratings)
    Usability
    -
    (0 ratings)
    9.1
    (2 ratings)
    User Testimonials
    Bits TechnologyOndato
    Likelihood to Recommend
    Bits Technology
    No answers on this topic
    Ondato
    It was found the solution regarding monitoring our high-risk clients not using the system-to-system procedure.
    Giedre Zineviciene
    Public Procurement and Compliance Specialist
    Read full review
    Pros
    Bits Technology
    No answers on this topic
    Ondato
    • Easy to use and user friendly platform
    • Fast response to the requests
    • Friendly staff and support team
    Giedre Zineviciene
    Public Procurement and Compliance Specialist
    Read full review
    Cons
    Bits Technology
    No answers on this topic
    Ondato
    • It would be excellent to get the information to users email after the client's remote identification is completed.
    • It would be nice to get the reports for Polish Companies House (www.Biznes.gov.pl)
    Giedre Zineviciene
    Public Procurement and Compliance Specialist
    Read full review
    Usability
    Bits Technology
    No answers on this topic
    Ondato
    Admin interface is easy to follow. It simple and convenient
    Laura Lydekaitytė
    Operations & Product manager
    Read full review
    Return on Investment
    Bits Technology
    No answers on this topic
    Ondato
    • We trust Ondato information from the sanctions lists and save our time not checking clients in several sanctions lists.
    • We trust Ondato and fearlessly use Ondato system for checking information of the natural and legal persons.
    Giedre Zineviciene
    Public Procurement and Compliance Specialist
    Read full review
    ScreenShots

    Bits Technology Screenshots

    Screenshot of the Onboarding workflow. Bits Technology offers a no-code onboarding solution designed to streamline and customize the customer onboarding process without requiring any coding expertise. Their platform features a workflow builder, allowing businesses to craft tailored onboarding processes with adaptable checks suitable for multiple markets, ensuring both compliance and efficiency.Screenshot of Ongoing Due Diligence Bits Technology's Ongoing Due Diligence (ODD) solution offers businesses a proactive approach to understanding and verifying individuals and entities. Key features include daily data updates, customizable monitoring rules, and advanced technologies to enhance operational efficiency. ODD supports strategic decision-making, ensures regulatory compliance, and strengthens risk management.Screenshot of AML Risk score Bits Technology's AML Risk Scoring solution enables businesses to create customizable risk models, assigning specific scores and weights to various factors. The platform supports global models with market-specific configurations, ensuring compliance across regions. Users can preview and adjust models before implementation, facilitating informed decision-making.Screenshot of Case management system Bits Technology's Case Management System (CMS) serves as a centralized hub for managing customer data and related tasks. It offers features like assigning team members, setting priorities, and tracking activities through an audit trail. The platform provides access to comprehensive data, including financial information and PEP and sanction checks. The CMS reduces manual tasks and optimizes case handling time.

    Ondato Screenshots

    Screenshot of Tools to streamline the client onboarding and check ID.Screenshot of Fully automated or assisted business customer verification solutions to onboard legal entities.Screenshot of A utomations to verify client identity, and make returning client's journey hassle-free.Screenshot of Client profiles with all relevant data, to stay in check with regulatory compliance requirements.Screenshot of A centralized hub for consumer management interactions.