Prembly Picked by Lofty-Corban for KYC and AML Checks

In Short

Prembly says investment management firm Lofty-Corban Investments Limited is using its verification and compliance tools to automate key checks.

What Happened

Prembly, an identity verification and compliance provider, says Lofty-Corban has adopted its platform to run customer and business checks that were previously done manually.

The work includes KYC and KYB verification. KYC means “know your customer”, it is how a financial firm confirms a person’s identity. KYB means “know your business”, it is the same idea for company customers.

Prembly also supports AML screening and adverse media screening for Lofty-Corban. AML means anti-money laundering, it helps firms flag people or businesses linked to financial crime. Adverse media screening checks for negative news mentions that could signal reputational or compliance risk.

Beyond onboarding, the platform is used for risk profiling and rating, plus transaction monitoring. Transaction monitoring means watching account activity over time to spot unusual patterns, like frequent transfers that do not match a customer’s profile.

According to Prembly, Lofty-Corban needed a more structured way to manage these checks across different stages, especially as volumes grow.

Why It Matters

Investment managers handle regulated products like money market funds, fixed income funds, special funds, and pensions. That makes consistent identity checks and ongoing monitoring a core operational requirement, not just a box to tick.

Moving from manual compliance processes to a single system can reduce turnaround time for onboarding and reviews. It can also make audits easier because checks and decisions are logged in one place.

For African fintech and financial services teams, the case study is another signal that compliance tooling, sometimes called regtech (software for regulatory work), is becoming part of the standard stack as customer volumes rise.