How does Canarie help with CDD compliance?

Canarie creates workflows for beneficial ownership collection, risk rating updates, and periodic customer reviews.

31 CFR 1010.230

CDD Compliance Execution for Neobanks

The Customer Due Diligence Rule requires identification of beneficial owners and ongoing monitoring. Canarie helps you execute CDD compliance through automated workflows for ownership verification, risk rating, and periodic reviews. Specifically tailored for the compliance requirements of neobanks.

More for Neobanks

Key Requirements

Beneficial ownership identification

Customer risk rating

Ongoing monitoring procedures

Enhanced due diligence for high-risk

Periodic review schedules

Record retention

Neobanks Compliance Challenges

Meeting sponsor bank compliance requirements

Building compliance credibility

Scaling compliance with user growth

Preparing for potential direct regulation

Managing third-party risk

How Canarie Helps Neobanks

Automated Workflows

Recurring CDD Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

BSA civil money penalties

Regulatory enforcement actions

Consent orders

Frequently Asked Questions

Other Regulations for Neobanks

31 CFR Chapter X

BSA/AML Compliance Execution

Execute BSA/AML compliance with automated workflows for customer due diligence, transaction monitoring, and suspicious activity reporting.

12 CFR Part 1026

TILA/Reg Z Compliance Execution

Execute Truth in Lending compliance with workflows for disclosure accuracy, APR calculations, and periodic statement requirements.

12 CFR Part 1002

ECOA/Reg B Compliance Execution

Execute fair lending compliance with workflows for monitoring, exception tracking, and adverse action notice requirements.

Automate CDD Compliance Execution for Your Neobank

See how neobanks execute compliance with confidence.