Comprehensive solution platform installed directly on the institution’s servers, streamlining compliance processes required by regulatory agencies.
Modules & features:
Our advanced watchlist screening tool provides the ability to efficiently identify clients or counterparties listed on control lists. This can be achieved through manual searches or API integration to automate key processes such as onboarding. Our tool leverages a robust artificial intelligence engine known for maintaining an exceptionally low false-positive rate compared to other market solutions.
Our KYC tool specializes in managing Customer Due Diligence (CDD) and client knowledge. It grants one-click access to all relevant information about clients or counterparties, including a complete alert history, transactional behavior analysis, risk level assessment, and a wide range of additional resources.
Our screening function enables continuous monitoring of client portfolios and other counterparties against watchlists. It stands out for maintaining an exceptionally low false-positive rate and offers a broad variety of features for managing and auditing controls and results.
Our Risk Assessment module gives you the flexibility to configure your desired methodology to determine the risk level of your clients or counterparties. It is 100% customizable and facilitates measuring client-related risks in line with your specific methodology’s requirements.
Our Transaction Monitoring module thoroughly evaluates all client transactions, ensuring compliance with KYC regulations. This module features dynamic operational profiling and offers workflow tools tailored to each type of alert. It allows for efficient escalation to commercial areas without compromising control, keeping all processes fully auditable.
This advanced module allows client segmentation based on both risk factors and transactional behavior. Using deterministic rules and/or powerful segmentation algorithms driven by machine learning and neural networks, the module enables accurate risk-level classification. It continuously adjusts transaction monitoring, minimizing false alerts and providing more effective oversight by analyzing the client’s full context.
Our Risk Management tool allows comprehensive management of all risks, both AML-related and across the entire institution. Its interface is intuitive and user-friendly. This tool fully aligns with ISO 31000 (Risk Management) standards and incorporates essential features such as inherent risk assessment, implementation of mitigating controls, residual risk management, heat map visualization, action or improvement plan creation, responsibility assignment, and much more.
Our tool facilitates the generation of regulatory reports, including FATCA/IRS, CRS/OECD, XBRL, IFRS, and more. It simplifies the reporting process required by various regulations to ensure full regulatory compliance.
Our Journey
At Devsys Compliance Technology, we have over 20 years of experience developing innovative solutions for regulatory compliance.
In 2003, we launched Cumplo360 Corporate, our first platform focused on anti-money laundering (AML) prevention. This allowed us to provide a comprehensive solution that enabled banks and financial institutions to manage and mitigate risks associated with money laundering and terrorist financing, establishing us as a key player in the financial sector. Over the following years, the platform evolved, expanding its functionality to cover a broader range of risks and regulations, gaining adoption by various financial institutions across Latin America.
In 2015, we integrated sanctions and risk list content in collaboration with Dow Jones, offering access to more than a thousand international lists updated daily. This enhanced our platform by not only providing the technology for risk detection but also granting access to critical information, allowing financial institutions to meet their regulatory obligations more effectively.
In 2022, we relaunched Cumplo360 Corporate with artificial intelligence, optimizing alert management, portfolio segmentation, and minimizing false positives. These advancements reduced operational friction, improved the end-user experience, and enabled financial institutions to focus on the most critical cases.
In 2023, Devsys reached a new milestone by obtaining ISO 27001 certification — an international standard ensuring that Cumplo360 Corporate meets the highest levels of information security, confidentiality, and availability.
Today, more than 280 clients and 8,000 users across Latin America trust us to manage their compliance processes, helping them streamline operations and effectively mitigate risks.