Cascade is a platform that centralizes client data and provides a complete AML/KYC framework, enabling organizations to manage compliance and due diligence processes efficiently. By automating name screening, risk assessments, and ongoing monitoring, Cascade reduces the reliance on manual spreadsheets and enhances regulatory adherence across various sectors.
Funding
Funding not disclosed
Founders
Product
Problem
Organizations face challenges in efficiently managing client data and adhering to increasingly complex Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Traditional methods relying on manual spreadsheets and disparate systems are prone to errors, time-consuming, and hinder comprehensive risk assessment and compliance monitoring.
Solution
Cascade offers a centralized platform that digitizes client data and provides a complete AML/KYC framework, streamlining compliance and due diligence processes. The platform enables organizations to execute a risk-based approach within a single workflow, guiding users through data collection, name screening, beneficial ownership analysis, and geographical assessment. Cascade automates name screening against global Sanction, PEP, and Adverse Media lists, providing ongoing daily updates. The system offers a live view of AML status for all business relationships, manages perpetual KYC, monitors ID expiration dates, and includes a suspicious transaction registry (STR).
Target Audience
The primary target audience includes asset managers, investment funds, law firms, fund administrators, private equity and venture capital firms, consulting firms, corporate administrators, real estate firms, private banks, accounting firms, depositary firms, and payment companies (PSPs) subject to AML/KYC regulations.
Features
- Customizable registers for clients, funds, and companies, including counterparties, vendors, beneficial owners, and directors.
- Automated organizational charts providing a 360° view of each client file.
- Risk-Based Approach workflow guiding users through required documents, name screening, and risk assessment.
- Ongoing daily name screening using data from global business intelligence leaders (LSEG, Dow Jones, Acuris Risk Intelligence).
- Real-time AML status monitoring, ID expiration tracking, and review prompts.
- Suspicious Transaction Registry (STR) for managing and reporting suspicious activities.
- Integration capabilities with existing IT environments and third-party systems via open architecture.
- Utilizes MS Azure for performance, scalability, and security.
- BI Reporting Pack for detailed reporting through Power BI.