Company Performance Metrics
- Avtar Matharu: Chief Commercial Officer
- Karthik Ashok: Founder and CEOPast Role: Standard Chartered Bank, Executive Director
At Dligence we build algorithms to reduce the time taken to onboard clients from up to 90 days to under 30 days. We do this by reducing the number of iterations it takes to acquire and amalgamate data for a client's legal entities. It is known for banks to source data from over 200 data repositories and spend over $1,000 to process this data
manually. We automate the sourcing, validation, standardisation and stitching this data using poweful patent-in-progress algorithms. Furthermore, we look at data in motion so we constantly look to detect changes to the legal entity's digital profile and identify the material change in circumstance. We publish these events that enable the subscriber to trigger the necessary mitigating controls. This dynamic approach enables banks, financial institutions and fintechs minimise the latent risk they carry in their books.