LONDON: id4 AG, a subsidiary of Apeiron Holdings AG, has entered into a technological partnership with leading Swiss regtech company Indigita to automate cross-border compliance checks and risk controls for small and medium-sized financial institutions via id4’s CLM4.bank platform.

Thanks to the integration of Indigita’s API into the CLM4.bank platform, id4 can offer its clients cross-border compliance checks on information related to business processes, such as onboarding, customer relationship management and KYC procedures.

This provides financial institutions with a high degree of regulatory certainty and clarity in the area of cross-border business along the entire client lifecycle. Indigita’s expertise is based directly on the knowledge of BRP Bizzozero and Partners, cross-border risk management specialists and well-known in the industry for their Country Manuals. The integration with CLM4.bank further strengthens the position of Indigita’s proprietary API as an industry standard for automated cross-border rules application.

Indigita CEO Achille Deodato said: “Indigita’s API is a natural fit for any client onboarding and lifecycle management of clients. Thanks to our solution, it is possible to manage cross-border risks in a fully automated and effortless manner at several levels. I am very glad of the partnership with ID4: the users of CLM4.bank will now be able to enjoy an advanced lifecycle management solution that allows them to conduct business safely across the borders.”

id4 AG CEO Sebastien Lalande said: “CLM4.bank offers a simple to use, one stop solution for client lifecycle management. Integrated seamlessly with best in class third party providers, we support our clients on managing their regulatory obligations in the most efficient manner. Regulatory-wise one of the first obstacles financial institutions face when contacting clients and prospects is to make sure they comply with Cross Border rules. I am very happy to be able to propose Indigita’s recognised expertise within our CLM4.bank solution to guide our clients efficiently.”

Duncan Soukup, Chairman of Thalassa, said “We are delighted that Indigita’s automated cross-border compliance checks and risk controls are to be rolled out to small and medium-sized financial institutions via id4’s CLM4.bank platform. Clarity in the area of cross-border business is vital to many financial institutions, and this partnership will further enhance id4’s capability and service offering in this area to its financial services marketplace.”

id4 customers can benefit from the cross-border controls as of now.