Case Study: Adlanter streamlines KYC and AML management with Parallel

Adlanter cuts KYC completion time to under 24 hours with Parallel

Adlanter, a business advisory firm, faced the challenge of managing its anti-money laundering (AML) and KYC processes through a cumbersome email-based system. This manual approach created administrative burdens, slowed client onboarding to about a week, and lacked traceability as the company grew. To solve this, Adlanter sought a solution from Parallel to centralize information and automate its workflows.

By implementing Parallel's platform, Adlanter unified its entire KYC cycle into a single, digital process. The solution provided a centralized client profile system, automated risk scoring, and streamlined client communication. This resulted in a dramatic reduction in processing time; the median time for a client to complete and sign their KYC dropped from one week to under 24 hours, and the full internal process now takes just three to four days. Parallel's platform saved the team a significant amount of time on administrative follow-up tasks and provided a more formal, professional experience for their clients.

Adlanter