Finance Indaba 2017: Use DocFox to simplify compliance procedures

"DocFox provides a single solution - endorsed by global law firm, Norton Rose Fulbright - which gives a FSP of any size the assurance that they will remain compliant with ever-changing legislation, while simultaneously creating a seamless customer experience and reducing operational costs," says Ryan Canin, CEO of DocFox, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.

  • Finance professionals and accountants register for the Finance Indaba for free with code FB2017!

In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is.

Do you want to hear how DocFox streamline your compliance processes? Do you want to be informed about the latest and greatest in finance? Then don't miss the Finance Indaba Africa 2017.

The Finance Indaba is the biggest annual event on the continent for financial managers and specialists who are seeking partnerships to drive progress. Thousands of delegates will gain valuable insights into realising financial performance and growth, becoming more efficient and accessing funding, among a host of other opportunities from leading players in financial services.

Why will you be present at the Finance Indaba?
"The financial regulatory landscape is changing quickly, and we want to ensure that local financial services providers are equipped to deal with the latest requirements in the realm of Know Your Customer (KYC) and Anti Money Laundering (AML). We will thus be presenting on how one can leverage our technology to both ensure compliance, but also to grow one's business and create seamless customer experiences."

What will you be talking about or showcasing?
"We will be showcasing the three key elements of our KYC (Know Your Customer) offering, which is designed to make compliance as quick, easy and seamless as possible.

1. Client Data Collection and Verification: The user friendly and beautifully designed DocFox app streamlines Document Collection, whereby we collect and verify documents with a white-labelled portal - which can be set up within minutes. This information is verified against government and third party databases.

2. Watchlist Screening: Clients are screened against international sanctions lists, PEP lists and Adverse Media on a nightly basis through an easy to use portal which allows for rapid processing of false positives and allows for detailed investigation of possible matches.

3. Risk Rating: Quickly classify clients in relation to AML risk and comply with the latest changes in legislation."

What challenges can you help finance professionals/firms with in 2017?
"The new FICA Amendment Bill places significant additional requirements onto local financial service providers, requiring them to apply enhanced due diligence in the form of watchlist screening and risk rating - amongst other aspects.

"DocFox provides a single solution - endorsed by global law firm, Norton Rose Fulbright - which gives a FSP of any size the assurance that they will remain compliant with ever-changing legislation, while simultaneously creating a seamless customer experience and reducing operational costs."

What has the partnership with Norton Rose Fulbright meant for the company?
"Our partnership with NRF allows us to bring in a trusted legal partner when working with financial services providers. Together with NRF, we can confidently advise clients around key issues regarding regulatory compliance and legislation.

"On a practical level, we have worked with Norton Rose Fulbright to codify FICA legislation into intelligent decision engines that assess what is required for every application in a simple, secure and compliant way."