TrustRadius: an HG Insights company

What is Bits Technology?

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 provides real-time visibility across operations. Bits includes a developer-first experience, including comprehensive documentation, sandbox environments, and observability tools, to accelerate time to market and reduces operational costs. Its pre-integrated ecosystem connects to providers across fraud prevention, identity, and payments, minimizing integration overhead.

Media

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.
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.
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.
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.

1 / 4