Skylight empowers retailers to enable the best AML and compliance solutions for their needs
Retailers offering diverse money service products benefit from Skylight’s aggregation of transactions in a self-service, no-code and AI-enhanced tool that efficiently monitors, assesses, and mitigates AML and fraud risks.
Learn more about how Skylight helps retailers through this example from a top US-based retailer that leverages Skylight software for its AML and compliance needs.
With thousands of retail stores nationwide offering money services such as domestic and cross-border remittance payments, bill payments and money orders, the retailer needed a software solution with customizable workflows, automated filing, dashboards to monitor productivity, and no-code rule creation.
As the business grew and matured, the retailer faced increasing regulatory pressures related to anti-money laundering (AML) and compliance.
When ensuring compliance with constantly evolving regulations and protecting the integrity of its business became paramount, the retailer recognized the need for an efficient solution to manage AML and compliance requirements.
The retailer and others who offer money service products face several challenges:
Solution and Benefits
Skylight offered a comprehensive and scalable solution to address the retailer’s AML and compliance challenges while delivering benefits such as: