Complytek Welcomes MeritKapital to Enhance Financial Compliance through Automated Client Lifecycle Management

Complytek, a leader in regulatory technology solutions, is pleased to announce a new client relationship with MeritKapital, a distinguished Cyprus-based investment firm licensed by CySEC since 2006. Specializing in Asset Management, Custody and Clearing, and Brokerage services, MeritKapital is a significant player in the global markets, especially within the emerging market Eurobond sphere.

In this pivotal engagement, MeritKapital has selected Complytek to bolster its compliance frameworks and enhance operational security across its extensive financial services, including innovative areas such as repo financing and underwriting. Complytek will provide comprehensive risk assessments and tailored compliance solutions that are crucial as MeritKapital continues to expand its sophisticated financial operations globally.

Advancing Global Finance with Robust Compliance Solutions

Complytek’s collaboration with MeritKapital includes the deployment of its advanced Client Lifecycle Management (CLM) suite, designed to optimize compliance and client interactions through a robust workflow engine. This will improve efficiency and meet the dynamic compliance needs of the financial services industry.

1. Client Lifecycle Management Solution: Streamlines client onboarding and automates complex compliance processes to improve interaction efficiency and compliance team effectiveness.
2. Comprehensive Risk Assessment: Provides comprehensive assessments of potential money laundering and terrorism financing risks across various jurisdictions, ensuring adherence to stringent regulatory standards.
3. Digital Client Onboarding: Offers seamless, efficient, and compliant client onboarding experience, tailored to meet the unique business needs. Embed policies and controls throughout the onboarding journey, minimizing exposure to reputational damage and regulatory penalties.

“We are excited to partner with MeritKapital and support their commitment to providing sophisticated and reliable financial services”, said Faisal Islam, CEO of Complytek. “This collaboration underscores our commitment to enhancing the integrity and efficiency of global financial operations.”

About Complytek:

Complytek equips mid-market financial institutions with a robust solution to address the $3 trillion global money laundering issue through its award-winning Client Lifecycle Management (CLM) platform.

As a recipient of the prestigious ChartisRisktech AI 50 placement, Complytek’s CLM integrates perpetual KYC/CDD with AI-powered transaction monitoring and risk management technologies, earning industry recognition for its innovation and efficiency.

SaaS clients benefit from rapid deployment within 48 hours, while SaaP implementations are completed in 45 days, both at a significantly reduced cost (15%) compared to legacy systems. Designed to align with the strategic priorities of growing institutions, our solution remains resilient to macroeconomic challenges, ensuring long-term operational sustainability.