Shifting requirements in AML compliance

The rise of Banking-as-a-Service (BaaS) has intensified regulatory scrutiny, especially regarding Anti-Money Laundering (AML) compliance. Traditional AML tools struggle with fragmented workflows, manual reporting, and scalability issues, often failing to provide a unified view of fintech activities. 

TransPecos Banks determined that to properly support multiple fintech partners, it had to implement a robust but manageable compliance infrastructure. Utilizing Oscilar’s Platform will allow TransPecos to overcome common challenges of siloed data, limited visibility into partner activities, and manual processes. It now is able to scale safely, securely and with clear visibility and customer deposit records. TransPecos sought a solution enabling controlled growth while maintaining strict regulatory compliance. They needed a system to enhance their operations, support staff in managing partnerships effectively, and keep regulatory requirements at the forefront of their expansion strategy, all without dramatically increasing headcount.

"We were extremely impressed by Oscilar's capabilities from the moment we saw them," said Michael Kozub, CEO at TransPecos Banks. "Their technology presented exactly what we needed in-house to support our growth ambitions while maintaining control. What really impressed us was Oscilar's agility and adaptability. The ability to enhance and refine our processes quickly, especially in monitoring, is crucial. With Oscilar, we can update rules and implement changes faster than with any other platform we've seen. This responsiveness is invaluable, particularly when it comes to adapting to new regulations. Oscilar is a fintech company doing things the right way, giving us the tools we need to grow confidently in this rapidly changing space."