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Remediation Services
The easiest, most cost-effective way to handle remediation demands. With internal teams already stretched, let Avallone deliver remediation results - on time and in full compliance.
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SMART TEAMS USE AVALLONE TO RUN KYC
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why choose us
Benefits of Avallone Remediation Services
Dedicated
While internal teams need to juggle multiple priorities, Avallone’s Remediation Services remain laser-focused on the task in hand and ensure the work gets done on time.
Cost-effective
Support from external KYC experts means no in-house hiring for time-limited remediation projects, and an overall reduced operational burden for the organization.
Responsive
Remediation work is almost always time-critical. Our experts are on hand, available to get this urgent work done and meet your remediation deadlines.
Scalable
Remediation Services are carefully designed, and customized to meet your needs. Services are offered as part of a time-limited project, to suit any remediation requirements.
managing regulatory requirements
Efficient solutions to reduce operational burden
Remediation can be required as a result of new regulatory requirements, an audit, or to meet organizational needs. Whatever the reason, internal teams can struggle to manage this extra workload when their capacity is already stretched. The problem is often further complicated by the fact that it must be delivered within an urgent time frame.
Hiring in house doesn’t make sense for time-limited remediation projects, and recruitment, training, and other operational and employment processes further add to internal teams’ already heavy workload.
Avallone’s Remediation Services are a cost and time-efficient option for getting remediation work turned around quickly, and in full compliance. With access to expert KYC teams, as well as the tools required for seamless collection and alert handling, Remediation Services accelerates this process and ensures deadlines are met. This means that internal teams are free to focus on high-value objectives, safe in the knowledge that remediation is in hand.
SOLUTIONS TO MEET YOUR KYC NEEDS
Challenges solved by Remediation Services
challenge #1
Need to meet specific regulatory requirements
Specific, urgent expertise is required to meet new regulatory requirements.
The result
With expert hands-on support, all your boxes are checked
With access to external compliance professionals who are always up-to-date with the regulatory landscape, remediation work is carried out in a timely and cost-efficient manner.
Meaning that:
- Expert teams are dedicated to your remediation project, ensuring it’s delivered in full compliance and on time.
- Operational resources and costs are reduced, as there’s no need to recruit professionals with skills that are expensive and typically hard to find.
challenge #2
Internal teams have no extra capacity
Teams are already stretched, so it can be hard to find the time for remediation work.
Adding internal resources to handle this temporary workload would take too long, add to the organization’s operational burden, and prove cost-inefficient.
The result
Access to a specialist team, dedicated to remediation
Focused and expert support, in an engagement model that suits the organization’s specific remediation requirements. No need to hire, train, or handle ongoing employment responsibilities.
Meaning that:
- Leveraging external remediation support ensures that business continuity is maintained throughout the process, and that internal teams can focus on what they do best.
- Remediation costs are a “known entity” - there are no surprises.
How we work: Our Financial Crime Prevention Framework
Our holistic methodology for aligning your KYC, AML and Sanctions work
The Financial Crime Prevention (FCP) Framework is Avallone’s unique way of empowering Advisory Services clients with a structured, risk-based approach to combat money laundering, fraud, bribery, corruption and sanctions violations.
Tailored to each organization’s specific set-up and needs, the framework is developed using a combination of information gathered through workshops and conversations with internal teams, as well as existing policies and procedures.
It includes a complete FCP Risk Assessment, and clearly defined Roles and Responsibilities. We also support the development and integration of your internal policies: from prohibited transactions to global safeguarding and treasury risk escalation - ensuring consistency across jurisdictions and departments.
With supporting procedures, guides, and templates built directly into the Avallone platform, your team is empowered to confidently respond to KYC requests, maintain data accuracy and escalate concerns effectively.
NEED TO KNOW
Frequently Asked
Questions
What is KYC compliance?
KYC compliance is a structured approach to managing the risks associated with verifying and onboarding customers, counterparties or other entities. It involves implementing a centralized platform to automate due diligence, conduct risk assessments and ensure that data collection and identity verification processes meet regulatory requirements and internal policies.
How do you manage KYC effectively?
Managing KYC effectively requires a combination of automation, oversight and secure data handling. With a configurable KYC platform, organizations can tailor workflows to different entity types, track compliance status across teams, and adapt quickly to changing regulatory requirements. This improves efficiency, enhances risk visibility and helps teams stay audit-ready at all times.
DESIGNED WITH YOUR needs IN MIND
The KYC solution for your industry
Enterprise Corporates
Streamline your KYC workflows to handle complex cases with ease, and save teams time. All officer and UBO information stored in one secure location.
Funds
Simplify KYC with customizable templates and easy investor ID checks. Ensure compliance and audit-ready transparency by centralizing KYC comms.
Banking and Finance
Unlock unparalleled speed and accuracy in KYC, for you and your customers. Gain time and deliver a smooth experience, while meeting AML and CFT requirements.
Legal Services
Work with speed and agility in your team and across the business. Auto-generate Legal entity structure charts and UBO visualizations including voting rights.
See the Avallone platform in Action!
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ONLY AFTER 1 YEAR
What’s the ROI?
Avallone customers see improvement and savings across their KYC processes and response times. Imagine what your ROI could be!
Save the Children loves Avallone's KYC solutions
TRUSTED BY INDUSTRY LEADERS
Our banks have recognized that we’re aiming to be ahead of the curve by adopting innovative KYC solutions. One banking partner even commented that Avallone’s solution is ‘game changing’. Overall, our banking partners are reassured that we’re working with Avallone - a dedicated KYC partner on improving our KYC processes - and proactively sharing risk-related information. I think this has had a direct impact on reducing the number of delayed payments.
— Edward Collis, Treasurer
We really appreciate the insights we see within Avallone’s KYC Collector tool - it has found things that we would never have otherwise uncovered. Our banks also appreciate that we have this extra layer of risk mitigation in place
— Asha Kumari, Deputy Treasurer, Save The Children International
I found the KYC Responder so easy to use and navigate - it’s an excellent one-stop-shop for us. It made getting visibility on data and documents we need to share with banks so simple.”
— Saira Maniar, Senior Treasury Compliance and Crisis Funding Manager, Save The Children International
The Full kyc suite
Level up your KYC with Avallone's Services
Take your KYC to the next level with Avallone's Services. Gain access to deep KYC expertise, tried and trusted processes, and dedicated support sized to meet your current and future needs. Let us lighten your workload, and drive better results.
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Managed Services
Hands-on support to relieve your KYC / CDD workload. Our experts work alongside your team to provide scalable support where and when you need it most.
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Advisory Services
Trust our expert team with +30 years of financial crime prevention and compliance experience to help define processes, develop frameworks and tackle complex KYC challenges.
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Outreach Services
Designed for banks and financial institutions looking to simplify their KYC document collection. Let us take care of the time-consuming communication and follow-up, and elevate the experience for your customers.
Remediation Services
For regulated companies seeking proactive solutions to meet their compliance deadlines. Tap into remediation support to refresh and verify customer profiles quickly and accurately.
STAY UPDATED WITH KYC TRENDS
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Why is creating a financial crime risk assessment so painful?
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