While RegTech has helped financial institutions improve their BSA compliance processes, there are still significant challenges (tedious approvals, long implementation timelines, and lengthy contract terms) to getting these solutions in place.
With the Launch program, RiskScout tackles these key obstacles to allow community banks and credit unions to unlock the tools they need to grow and reduce their BSA burden compliantly.
Rapid Onboarding: Access RiskScout's KYB/KYC system in a matter of hours, with the ability to start their compliance journey in as little as one day.
No Long-Term Commitment: Start with no binding long-term contracts to try the system and see if it's a good fit.
Cost-Effective Solutions: Reduced starting costs to help approve the system faster and reduce the time to value.
"With RiskScout's Launch program, I was able to quickly and easily implement their software to help automate and streamline my specialty high-risk customer program. With this system, we'll be able to increase our efficiency and due diligence processes without increasing our headcount."
- Ben Baboval, Chief Compliance Officer at MainStreet Bank