Parallel Markets
Parallel Markets specializes in customer data management solutions for financial institutions, focusing on compliance and enhancing customer onboarding through a robust digital identity network.
Services
Parallel Markets offers customer data management solutions specifically tailored for banks, investment funds, and financial institutions with stringent compliance obligations. Their service portfolio includes AML monitoring, investor accreditation, KYC/KYB, and entity data management. Their solutions are designed to integrate seamlessly into existing systems, enhancing the efficiency of compliance processes and customer onboarding experiences. Users can request a demo of their solutions through a form available on their contact page.
Digital Identity Network
Parallel Markets is revolutionizing the financial sector with its robust digital identity network. This network streamlines the management of customer data for institutions, ensuring seamless and secure data transactions. The digital identity network supports compliance processes such as KYC (Know Your Customer) and AML (Anti-Money Laundering), enabling banks and financial entities to maintain high standards of regulatory compliance while enhancing customer satisfaction.
Compliance and Technology Integration
Parallel Markets integrates innovative technology with compliance rigor to support financial institutions in meeting regulatory requirements. The company's solutions simplify complex compliance processes, such as KYC/KYB and AML monitoring, by fitting effortlessly into existing system infrastructures. This integration ensures that financial entities can uphold regulatory standards without sacrificing operational efficiency.
Backed by Leading Investment Firms
Parallel Markets is backed by several prominent investment firms, including Eniac Ventures, Union Square Ventures, and Comcast Ventures. This support underscores the company's credibility and commitment to providing top-tier digital identity solutions. The backing from these firms also enables Parallel Markets to continue innovating and refining its services to better meet the needs of its financial-sector clients.