Planet of Finance unleashes RoboComplianceOfficer for worldly wealthtech
Monaco-based Planet of Finance has launched its RoboComplianceOfficer solution to help financial institutions with client onboarding, risk and compliance.
RoboComplianceOfficer includes a data integrity score. This is provided via its proprietary algorithm that produces a score showing the level of “transparency, credibility and trust” in the data provided by the client. It also offers due diligence – such as validation of the source of the wealth of the client based on documents or notaries/lawyers.
Olivier Collombin, partner and founder of Planet of Finance, says the solution is for users who are “independent or employed within a financial institution”.
According to the firm, last year, people registered on its site could present their offer to investors representing portfolios worth $890 million. Planet of Finance says more than $3 billion in private client requests are expected in 2018.
Planet of Finance says it has members in 63 countries managing more than $13 trillion in assets. It was founded in 2009.
On its website, the company’s data and technology partners include Dow Jones and Thales.