Parallel.so

Parallel is a no-code collaborative platform that centralizes KYC, screening, risk assessment, and renewals into a single workflow, solving the problem of manual follow-ups and disconnected tools. It sells to regulated non-banking companies such as law firms, corporate service providers, real estate, fintech, and fund administrators, typically mid-market to enterprise. It is delivered as a SaaS platform with implementation and migration support, and it differentiates by providing an audit-ready, automated AML compliance solution.

Key features

• Smart forms for data collection
• ID verification
• Custom risk assessment
• e-Signature
• PEP and sanctions screening
• Adverse media screening
• Ongoing PEP and sanctions monitoring
• Adverse media monitoring
• Document expiry management
• KYC refresh
• Reporting dashboards
• Audit logs