Prelim is a no-code platform that enables banks and credit unions to create and manage over 100 financial applications, facilitating omnichannel onboarding and real-time integrations for various financial products. By automating KYC, KYB, and AML processes, Prelim enhances compliance and security while providing a tailored user experience aligned with each institution's brand.
Funding
Funding not disclosed
Founders
Product
Problem
Banks and credit unions face challenges in delivering consistent, omnichannel onboarding experiences for financial products due to outdated systems and manual processes. Managing compliance with KYC, KYB, and AML regulations across various channels adds complexity and costs, while hindering the ability to offer tailored user experiences.
Solution
Prelim offers a no-code platform that enables financial institutions to rapidly build and manage over 100 different financial applications, facilitating a unified, omnichannel onboarding experience. The platform automates KYC, KYB, and AML processes through pre-built integrations with compliance vendors, ensuring regulatory adherence and enhanced security. Prelim's white-labeled solution, LaunchPad, allows institutions to tailor the user experience to align with their brand, while intuitive builder tools empower employees to easily configure system integrations, design, products, workflows, and decisioning criteria. By extending core systems with real-time, synchronous integrations, Prelim streamlines application processes and empowers teams to deliver a first-class user experience.
Target Audience
Prelim targets banks and credit unions of all sizes seeking to modernize their digital banking experiences, streamline onboarding processes, and ensure regulatory compliance.
Features
- No-code application builder for creating and managing over 100 financial applications
- Omnichannel onboarding support for deposit accounts, treasury services, credit cards, and other financial products
- Pre-built integrations with Alloy, Middesk, Chexsystems, LexisNexis, and Persona for automated KYC/KYB/AML compliance
- White-labeled solution (LaunchPad) for tailoring the user experience to match the institution's brand
- Real-time, synchronous integrations for extending core banking systems
- Intuitive builder tools for configuring system integrations, design, products, workflows, and decisioning criteria
- SOC 2 Type 1 and Type 2 certified, compliant with HIPAA, FCRA, and GLBA regulations