Regulatory Compliance Application
Divas Software has launched Enterprise Wide Compliance & Risk Management (EWC&RM) application that takes care of the compliance function for Banks, Insurers and Financial Services firms. The application comprehensively automates Know Your Customer, Anti-Money Laundering and Combating Financing of Terrorism (KYC-AML-CFT) guidelines based processes for a financial institution. It is capable of updating itself automatically using various watch/sanction lists compiled by global and local governmental bodies including OFAC, UN and others.