THE COMPANY

IN ON Capital is a financial institution dedicated to providing investment and wealth management services. Authorized to operate as a brokerage firm, with more than 20 years of experience in the Panama Stock Market.

THE CHALLENGE

The Superintendence of the Stock Market of Panama, through Law 23 of April 2015, requires its supervised entities to cooperate in the fight against money laundering and financial fraud; implementing control and prevention systems for these risks.

In On Capital required implementation in a record time of 90 days, which was the maximum period in which the superintendence would allow the implementation of these systems, including the mandatory and audited training of all personnel linked to this entity.

THE SOLUTION

The main objective of RiskTech is to provide in a single platform all the management related to the control of fraud and money laundering, including its analysis and unified risk management. Complying with all the regulations required by the sector in Panama.

In addition to complying with all the requirements of the standard and avoiding the materialization of reputational risk, it was able to automate the entire risk management process. Optimizing the operational work of the Compliance Officer, improving decision-making and obtaining predictive controls against these risks.