Mopso offers a software platform to improve the anti-money laundering process of any financial institution. With the use of semantic web technologies and web 3.o, it handles the customers checks during the continuous relationship. The companys mission is to reduce the impact that organized crime has on millions of citizens.
Elevator Pitch
We believe that a good AML function is an enabler also for the business: fewer churn customers, and the possibility to easily cross-sell. Using the Mopso platform will positively impact FI’s organization, reducing boring routines, saving on human resources while giving a powerful tool to AML analysts.
Problem Solved
Any Financial Institution (FI) and Real Estate must check customers’ identity to accomplish the AML rules in order to provide any type of product or service. The efforts required by the Customer Due Diligence (CDD) activities cause high costs, waste of time, risk of sanctions and friction with customers. In particular, when a customer is opening a bank account, or is asking for a credit card, she has to fill out a lot of papers about herself, and present her personal credentials, losing a lot of time and abandoning, very often, the process. After having collected all the needed information, FIs need to manage an ongoing monitoring, analyzing customers’ behaviors during time: the actual software solutions implied in this task are not effective as they cause too many false positives and useless alerts.
Solution/Technology
Mopso checks and verifies personal information, creates a standard to exchange and share them between financial institutions, and relies on decentralized digital identity to store all the data in a safe and secure way. It makes customer due diligence data portable.Through the use of a knowledge graph, Mopso is then able to integrate large volumes of data from multiple sources, including internal databases, third party datasets (for example the business registry), and Open Source INTelligence (OSINT) resources. Anti-money laundering analysts thus have a single space, empowered by Mopso’s algorithms, where they can synthesize customer information along with third-party data and assess risks in real time with the help of artificial intelligence.
Market Size
We estimate a TAM of $52 Billion
Website
http://Mopso | Anti money laundering