Certainty, in an uncertain world.

Unparalleled compliance technology for fraud prevention that integrates identity verification, screening and transaction monitoring.

ComONE™ is a robust compliance solution, adaptable to the non-standardised and uncertain terrain around money flowing in and out of a country.

Through reliable ID verification, screening and monitoring, ComONE offers a way to provide surety around financial exchanges and set new standards in transactional compliance, reducing your exposure to fraud.

Businesses that deal with significant sums of money or international clients are often faced with sophisticated transaction fraud.

The platform is designed to ensure that you know who you are dealing with, including functionality in compliance and integrated with international PEPs and Sanctions lists, including: OFAC, CIA World Leaders, HM Treasury, EU Sanctions, DFAT, UN 1267 and many more.

The three key core components give you the peace of mind you are looking for:

ID Verification

Making sure the person is who they say they are.
Screening

Ensuring they are not on any global blocklists
Transaction Monitoring

Identifying patterns or breaches in limits that might highlight foul play.

You can use some, or all of these components to build your defence against fraud.

Who is it for?

ComONE is designed for three main business types:

Money Transfer Businesses

MTOs, banks, telcos, etc. – to stay on the right side of compliance in the geographies you operate in.
Central Banks & Regulators

Proactively monitor money transactions in and out of your territory to identify and manage fraud.
International Businesses

Monitor transactions to identify potential foul play.

ComONE allows organisations of all types to create compliance or transaction rules based on countries, agents, transaction types and duration and then enforce them across the board. It also provides monitoring and reporting on all transactions.

Key Benefits

360° View

ComONE can track ALL inbound and outbound transactions in your supply chain. Every business in the chain can easily integrate with ComONE and communicate through it.
Transparency

Every detail of every transaction can be seen. This can be turned into alerts and powerful, graphical Big Data business intelligence.
Self-Service

No need to wait for periodic reports from the different parts of the transaction chain. Data can be accessed real-time to generate reports for tracking, monitoring and auditing purposes.
Prevention

ComONE integrates seamlessly with international Sanctions and PEP lists. It tracks volume & velocity checks and linked transactions. ComONE mitigates risk, fraud and activities such as structuring.
Verification

Integration with KYC/ID verification service providers for document validation, address verification and facilitates transparency and compliance.
Control & Proactivity

In addition to the normal regulatory reports, ComONE will generate reports on performance, compliance, payment types, value transfers and much more. As it is rules driven, it can work in any regulatory environment

Features

ComONE is packed with a long list of functionality. Here are some of the highlights:

ID Verification

ComONE integrates with the leading third-party verification services for checking customers’ identity. This ensures that the latest technologies are used to give the highest confidence that you know who your customers are.
BLOCK/PEP/SANCTIONS SCREENING

Built-in NameMatch™ technology phonetically checks remitter and beneficiary names per unique transaction against international regulatory lists. This keeps you in line with international laws.
VOLUME & VELOCITY CHECKS

Using the rich transactional data, you can run volume & velocity checks by both remitter and beneficiary. This ensures that they stay within the regulatory limits and detects misdemeanours such as structuring.
LINKED TRANSACTIONS & DUPLICATE DETECTION

ComONE helps identify and eliminate linked transactions while the sophisticated scoring engine evaluates multiple remitter and beneficiary parameters, ensuring that duplicates are detected and acted upon.
Compliance Reports

ComONE makes compliance reporting for local and international regulatory and law enforcement bodies easy. Typically, this includes flagged/suspicious transactions and linked transactions.
Web Services API/File Upload

ComONE’s sophisticated WebServices API can be used to enable real-time transaction monitoring – even from a third-party system. This means you can spot potentially fraudulent transactions sooner.

The ComONE platform is developed by RemitONE, a leading FinTech and business services company.

RemitONE has been breathing innovation and excellence into the world of remittance and compliance since 2007, with clients operating in over 100 countries across every continent.

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