Cedar Rose Launches Fully Automated Solution to Digitize the Onboarding Process of Customers for Companies

Antoun Massaad, the Co-Founder and CEO of Cedar Rose

In line with its digital transformation programme, Cedar Rose has announced the launch of its fully automated solution for onboarding customers covering the entire journey from Know Your Business (KYB) to compliance checks and credit report. 

Incorporating the latest technology, the system has been developed to leverage the efficiency and speed of the process as well as enhance the user experience while offering the highest quality of data. It allows businesses such as financial institutions and e-commerce and B2B marketplaces to onboard new customers and third parties without friction while improving the customer journey at reduced costs. With the option to work with Batch files or Cedar Rose’s powerful Application Programming Interface (API), the system can be fully customized to every company’s needs and existing compliance process.

Antoun Massaad, the Co-Founder and CEO of Cedar Rose, stated, “For continued success it is essential to bolster products and processes with more robust digital tools aligned with the realities of the current hyper connected business requirements. We are proud to roll out this fully automated solution that covers the complete journey for our clients to help them onboard customers quickly and automatically. It has been created to offer our customers the very best in terms of business intelligence, experience, data security, flexibility, speed and mobility. Our advanced risk management solution provides highly accurate Know Your Business (KYB) compliance verification for over 12 million companies worldwide and Know Your Customer (KYC) compliance verification for over 160 million individuals.” 

Cedar Rose’s immensely reliable onboarding services and compliance solutions are used by some of the world’s leading banks, Fintech companies, gaming companies, Forex companies, e-Commerce providers and payment processors among others. In fact, Cedar Rose is the only Electronic Identify Verification (EIdV) provider for the Middle East and North Africa region giving it a unique competitive advantage. 

Antoun explained, “Some of the key advantages of the comprehensive automated onboarding process is that it provides full knowledge on the new customer in real time as well as complete credit risk information as soon as the company is onboarded. In addition, it reduces time to onboard a new customer while lowering internal costs. At Cedar Rose we are the holder of the largest single database and information of companies, shareholders and directors in the MENA region. The system allows us to generate instant identity verification results in real time. The solution utilises ground-breaking new technologies such as AI and machine learning to rapidly parse massive amounts of data. It allows companies to search and verify the authenticity of legal entities against trusted global data and drastically reduces the time needed to conduct business verification.”

About Cedar Rose:

Established in 1997, Cedar Rose has been at the forefront of providing world-class business intelligence and credit risk solutions to leading firms in over 230 countries globally. 

Known for accuracy, reliability and quality, Cedar Rose is specialised in offering a comprehensive array of Credit Risk, Compliance and Business Data solutions (being the holder of the largest single database and information of companies, shareholders and directors in the MENA region). 

Through continuous innovation, investment and development of talent and technology, the firm’s primary objective over the last 24 years has been to raise the quality of credit risk, compliance and regulatory services in the MENA region to the highest international standards. Partnering with their clients, Cedar Rose helps companies mitigate the regulatory, operational and reputational risks associated with their business.

Cedar Rose has been recognised with several prestigious awards and accreditations including Credit Excellence Award for Export and International Credit and Collections for three consecutive years – 2016, 2017 & 2020; European Business Award – 2017 / 2018; and Commercial Credit Information Provider of the Year Award sponsored by Experian – 2019.