Kord (Checkboard)
What is Kord (Checkboard)?
Kord is an Anti-Money Laundering (AML), client-onboarding, and client-money platform for regulated businesses. It combines identity verification, customer due diligence, ongoing risk monitoring, closed-loop funds management, and payment operations for law firms, conveyancers, estate agents, and other regulated organizations.
Key Capabilities
- KYC, KYB, and multi-layer identity-verification checks
- AML screening, PEP and sanctions screening, and adverse-media monitoring
- Source-of-funds and source-of-wealth checks
- Ongoing customer monitoring with daily checks and real-time change alerts
- Configurable client-onboarding workflows and multi-channel data collection
- Buyer-risk profiling, including bankruptcy and county-court-judgment searches
- Third-party managed accounts for client-money custody
- Payment Hubs functionality for payment processing, reconciliation, and payout management
- Open-banking integration and closed-loop, identity-bound payment flows
- Audit-ready evidence, compliance timelines, and cryptographically secured audit trails
Audience & Use Cases
- Kord is designed for regulated businesses that need to verify clients and manage client funds, particularly law firms, conveyancers, estate agents, and organizations with regulated customer-due-diligence obligations.
- Common use cases include onboarding clients, completing AML and source-of-funds checks, monitoring customers for changing risk, holding client money in third-party managed accounts, processing and reconciling payments, and maintaining audit records for compliance decisions.
Technical Specifications
- Modular platform with independently deployable data, payment, custody, audit, and reliance capabilities
- Open APIs for integration with existing business systems
- Configurable workflows and automation for client onboarding and payment operations
- Multi-channel data-collection support
- Biometric ID and address-verification capabilities
- PEP, sanctions, adverse-media, mortality, and daily-monitoring checks
- Open-banking integration for client-money payment flows
- Automated reconciliation and payout-management capabilities
- Third-party account support with ClearBank and Griffin Bank
- PCI DSS compliance, ISO 27001 certification, ISO 9001 certification, and FCA-regulated payment and credit-data services
Categories & Use Cases
Screenshots
Screenshot of An example of the checks that Checkboard provides.
Technical Details
| Mobile Application | No |
|---|---|
| Supported Countries | UK |
FAQs
What is Kord (Checkboard)?
Kord is an Anti-Money Laundering (AML), client-onboarding, and client-money platform for regulated businesses. It combines identity verification, customer due diligence, ongoing risk monitoring, closed-loop funds management, and payment operations for law firms, conveyancers, estate agents, and other regulated organizations.
What are Kord (Checkboard)'s top competitors?
Thirdfort are common alternatives for Kord (Checkboard).