Compliance made simple
Automated compliance with Qwist
RegTech (Regulatory Technology) refers to the use of innovative technologies for more effective and efficient fulfilment and documentation of regulatory obligations. Areas of application include compliance management, risk management, customer verification and fraud detection. With solutions such as PS-Star from Qwist, compliance processes can be automated and APIs for data access by third-party providers can be implemented at the same time. In addition, companies can use RegTech solutions to automate their customer onboarding and optimise their KYC (Know Your Customer) compliance. Regtech solutions also help automate identity verification and risk assessment processes that improve the customer experience while minimising fraud attempts.
Germany
Austria
Iberia
faster API deployment
95 %
reduction in verification errors
10x
faster risk assessment
Common pain points
Overview of common problems in meeting compliance requirements
Complex and ever-changing regulatory requirements that make it difficult for organisations to remain compliant and also cause high costs and tie up resources.
Challenges in effectively identifying, assessing and mitigating risks in real time.
Difficulties in conducting thorough customer due diligence (KYC) and due diligence processes.
Need to automate compliance monitoring and management to increase efficiency.
Complexity and time required to create and submit regulatory reports.
Need for improved data analytics to identify trends and generate real-time reports for informed decision-making.
Effective tools for your RegTech strategy
What Qwist solutions can do for you
Open Finance APIs (in accordance with PSD3, PSR and IPR)
Interface endpoints for Account Information Service (AIS), Payment Initiation Service (PIS) and Funds Confirmation Service (FCS), which can be flexibly adapted to the existing account and payment offerings of the ASPSPs.
Continuous risk minimisation
Proactive and continuous risk management by monitoring financial stability with real-time data for up to 180 days on a single authorisation (Consent).
Fewer cases of fraud
Avoid fraud by securely retrieving and verifying data from end users’ real bank accounts.
Reduce manual effort
Automate repetitive tasks and reduce the time spent on manual checks.
Increased transparency
Gain a comprehensive overview of your compliance activities and identify potential risks at an early stage.
Improved data quality
Ensure your data is accurate and complete to make informed decisions.
Reduce compliance costs
Optimise your processes and reduce the need for expensive consulting services.
Why Qwist?
- Leading provider in the European open finance sector
A central service provider in Europe that is actively involved in shaping the future open finance landscape (including as a member of the Berlin Group Advisory Board) and is constantly adapting to new regulations, standards and security requirements. - Expandable for all future regulations in the open finance ecosystem
Additional use cases and upcoming EU requirements are supported with an integrated API management platform and predefined modules to enable your open finance strategy without additional infrastructure investments – at a fixed price - First-level check of the financial stability of end customers
We develop our own logic of pre-audit calculations and support our customers to get a first impression of the financial stability of their end customers. - Seamless integration
The solution can be seamlessly integrated into existing systems and workflows in just a few steps. - Real-time data
Real-time data retrieval from over 3000 financial institutions in Germany, Austria, Portugal and Spain.
