Heliocor Partners with LAN2LAN to deliver AML/KYC offerings globally
The agreement will enable Heliocor to take advantage of LAN2LAN's network infrastructure design and implementation skills to implement its fraud reducing products. LAN2LAN are able to offer support across a broad spectrum of installation options - from Cloud, Hybrid Cloud, Secure Wireless, Mobility to CyberSecurity. This offers Heliocor's clients huge flexibility to strengthen their due diligence and anti-fraud solutions. Heliocor's Robolitics (https://www.robolitics.com/)™
"As businesses evolve, fraud detection and the safeguarding of digital identity will play an increasingly important role globally," said Pankaj Vekria, Commercial Director of LAN2LAN. "Collaborating with Heliocor on the infrastructure and professional services level will allow us to expand our business, enabling our financial institution clients to access Robolitics™ integrated fraud detection and Dokstor's seamless KYC & AML to protect them."
"Today, suppliers have to balance their own regulatory preferences with those of their customers' compliance department – and those two don't always sync up!" said Vikas Tripathi, Managing Director of Heliocor. "To deal with this, Robolitics™ is designed as a real-time Monitoring, Alerting & Reporting platform providing Cross Asset Class and Cross Regulation surveillance, integrated into a single platform. Dokstor is designed to improve the KYC and AML process, simplifying the document gathering and sharing process, and removing many of the traditional frustrations associated with the capture of documents for onboarding. Creating this type of seamless customer experience in the B2B space is extremely important to us and we look forward to working with Lan2Lan to grow our market share aggressively."
Notes to Editors
Heliocor's mission is to radically reduce and potentially eliminate the $300 billion annual cost of fraud globally by building an anti-fraud ecosystem based on its existing products.
Today, Heliocor's core product is Robolitics™, a high-speed data analytics engine, that helps financial institutions manage their compliance more effectively and much more cheaply than other solutions. Its proven technology, using AI, neural networks and machine learning, is working in Tier 1, 2 and 3 financial institutions today.
Heliocor also supports clients with Know your Client (KYC) and Anti Money Laundering (AML)) onboarding via its Dokstor software which uses blockchain encryption. Dokstor is available as an API (linked to Robolitics™) and as a standalone App (in the Play and App Stores).
Combining the two developed and delivered products, two more developing products, with the leveraging the power of blockchain, Heliocor intends to build world's first global anti-fraud ecosystem to radically reduce and potentially eliminate identity fraud.
Director of Partnerships at Heliocor