PassFort, the SaaS RegTech provider automating financial crime and compliance processes, has announced a new partnership with Mauritius-based compliance consultancy firm, Abler Digital. Through this partnership, PassFort and Abler will assist financial services companies in Mauritius and Africa with the digital transformation of their customer due diligence, ongoing monitoring and other risk management processes.
Mauritius has a large and well-developed domestic financial system. Abler has capitalised on this by offering regulated companies in the region services that drive efficiency regarding compliance processes associated with all aspects of customer lifecycle management (CLM). The consultancy company was looking for a strategic partner who could offer an end-to-end RegTech solution that would support the digitisation of CLM.
Tarun Koonjul, CEO of Abler Digital explains: “At Abler, we look to partner with experts that can provide additional value to our international and local clients. We chose to partner with PassFort because of the sophistication of its well-established compliance automation solutions, its ability to configure risk management workflows for regulation in any jurisdiction, and its experience in supporting FinTechs offering a vast array of products to both consumer and corporate customers. We’re looking forward to presenting this solution to our clientele and growing our partnership with PassFort.”
Donald Gillies, PassFort’s CEO, said: “We are delighted to be working with Abler to offer digital transformation services to financial services customers in this strategically important part of the world. We have ambitions to be the leading compliance automation platform globally and through curated partnerships we can quickly serve customers with the highest quality solutions. Not only is the financial services sector expanding in Mauritius, but there are also undervalued opportunities to work together across Africa and perhaps further into the Middle East. Our end-to-end compliance automation solutions are a perfect pairing with Abler’s deep expertise in regulation and compliance best practice in this market. The whole team at PassFort is excited to develop this opportunity for future global growth.”