Solving Financial Verification Headaches: Introducing CHECK+ for Sections 13 & 16
Last updated: 7 Jul 2025
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The Imperative for Digital Transformation in Finance
The traditional methods of financial verification can be cumbersome, time-consuming, and prone to human error, creating bottlenecks for businesses. As Thailand's economy becomes increasingly digitized, there's a growing need for automated financial solutions that not only ensure Anti-Money Laundering (AML) compliance but also drive operational efficiency. For businesses operating under specific regulatory frameworks like Sections 13 and 16, embracing digital transformation in their verification processes is no longer an option it's a competitive necessity.
NETbay Public Company Limited, a long-standing innovator in digital business technology platforms, recognized this need. With over two decades of expertise in providing e-Business services and connectivity gateways for B2B and B2G transactions, NETbay established Fynnet Ventures Co., Ltd. to focus specifically on advanced compliance solutions. This led to the development of CHECK+, an application designed to revolutionize how businesses manage customer due diligence (CDD) and risk assessment.
CHECK+: The Heart of Your Modern Financial Workflow
Launched in November 2024 for businesses requiring compliance under Sections 13 and 16, CHECK+ (Check Plus) represents a significant leap forward in financial operations. It's more than just a tool; it's a comprehensive platform that seamlessly integrates critical verification steps, saving invaluable time and resources.
Here's how CHECK+ provides a digital edge:
1.Accelerated Customer Identification (KYC): Gone are the days of lengthy manual checks. CHECK+ provides rapid Know Your Customer (KYC) capabilities, allowing businesses to onboard new clients faster while meticulously verifying identities. This digital efficiency means quicker service delivery and a superior customer experience, which is vital for business growth.
2.Instantaneous Financial Transaction Risk Screening: With its robust Name Screening feature, CHECK+ empowers businesses to conduct real-time financial transaction risk checks. By connecting to reliable databases, including direct links to AMLO and other relevant agencies, it instantly flags potential risks associated with individuals or entities, enabling proactive fraud prevention and informed decision-making. This automated risk assessment is crucial for maintaining a secure financial ecosystem.
3.Streamlined Suspicious Transaction Reporting: The burden of regulatory reporting is significantly reduced with CHECK+. The application automates the generation and submission of Suspicious Transaction Reports (STRs), ensuring that businesses meet their strict reporting deadlines with accuracy. This automation minimizes administrative overhead and frees up staff to focus on core business activities, driving greater operational efficiency.
Benefits Beyond Compliance: Speed, Convenience, and Confidence
The advantages of implementing CHECK+ extend far beyond mere AML compliance. Businesses gain:
1.Faster Operations: From customer onboarding to transaction approvals, CHECK+ significantly accelerates verification workflows.
2.Reduced Manual Errors: Automation minimizes human error, leading to more accurate and reliable data.
3.Enhanced Security: Robust verification and direct agency links provide a stronger defense against financial crime.
4.Improved Resource Allocation: Staff can be redirected from tedious manual tasks to more strategic initiatives.
5.Competitive Advantage: A reputation for efficient, secure, and compliant operations strengthens market position.
By embracing CHECK+, businesses under Sections 13 and 16 are not just meeting regulatory obligations; they are digitally transforming their financial operations, making them better, faster, and more secure.
Ready to Embrace the Digital Future of Financial Verification?
Email: sales@fyn.com
Line@: @checkplus (click https://lin.ee/x0s2xdg)
Tel: 02-219-5559 | 065-915-8222
Facebook: CheckPlusByFynnet
The traditional methods of financial verification can be cumbersome, time-consuming, and prone to human error, creating bottlenecks for businesses. As Thailand's economy becomes increasingly digitized, there's a growing need for automated financial solutions that not only ensure Anti-Money Laundering (AML) compliance but also drive operational efficiency. For businesses operating under specific regulatory frameworks like Sections 13 and 16, embracing digital transformation in their verification processes is no longer an option it's a competitive necessity.
NETbay Public Company Limited, a long-standing innovator in digital business technology platforms, recognized this need. With over two decades of expertise in providing e-Business services and connectivity gateways for B2B and B2G transactions, NETbay established Fynnet Ventures Co., Ltd. to focus specifically on advanced compliance solutions. This led to the development of CHECK+, an application designed to revolutionize how businesses manage customer due diligence (CDD) and risk assessment.
CHECK+: The Heart of Your Modern Financial Workflow
Launched in November 2024 for businesses requiring compliance under Sections 13 and 16, CHECK+ (Check Plus) represents a significant leap forward in financial operations. It's more than just a tool; it's a comprehensive platform that seamlessly integrates critical verification steps, saving invaluable time and resources.
Here's how CHECK+ provides a digital edge:
1.Accelerated Customer Identification (KYC): Gone are the days of lengthy manual checks. CHECK+ provides rapid Know Your Customer (KYC) capabilities, allowing businesses to onboard new clients faster while meticulously verifying identities. This digital efficiency means quicker service delivery and a superior customer experience, which is vital for business growth.
2.Instantaneous Financial Transaction Risk Screening: With its robust Name Screening feature, CHECK+ empowers businesses to conduct real-time financial transaction risk checks. By connecting to reliable databases, including direct links to AMLO and other relevant agencies, it instantly flags potential risks associated with individuals or entities, enabling proactive fraud prevention and informed decision-making. This automated risk assessment is crucial for maintaining a secure financial ecosystem.
3.Streamlined Suspicious Transaction Reporting: The burden of regulatory reporting is significantly reduced with CHECK+. The application automates the generation and submission of Suspicious Transaction Reports (STRs), ensuring that businesses meet their strict reporting deadlines with accuracy. This automation minimizes administrative overhead and frees up staff to focus on core business activities, driving greater operational efficiency.
Benefits Beyond Compliance: Speed, Convenience, and Confidence
The advantages of implementing CHECK+ extend far beyond mere AML compliance. Businesses gain:
1.Faster Operations: From customer onboarding to transaction approvals, CHECK+ significantly accelerates verification workflows.
2.Reduced Manual Errors: Automation minimizes human error, leading to more accurate and reliable data.
3.Enhanced Security: Robust verification and direct agency links provide a stronger defense against financial crime.
4.Improved Resource Allocation: Staff can be redirected from tedious manual tasks to more strategic initiatives.
5.Competitive Advantage: A reputation for efficient, secure, and compliant operations strengthens market position.
By embracing CHECK+, businesses under Sections 13 and 16 are not just meeting regulatory obligations; they are digitally transforming their financial operations, making them better, faster, and more secure.
Ready to Embrace the Digital Future of Financial Verification?
Email: sales@fyn.com
Line@: @checkplus (click https://lin.ee/x0s2xdg)
Tel: 02-219-5559 | 065-915-8222
Facebook: CheckPlusByFynnet
