Philippe MENEGUZZO, Head Of Compliance, Permanent Control & Financial Crime at Capitole Finance -Tofinso (Groupe BPCE) explains why he chose the AP Scan compliance solution.
"An adaptable & scalable tool, validated by Groupe BPCE!"
Philippe Meneguzzo
What are the advantages of AP Scan?
The main advantages are the filtering and screening of regulatory bases. We filter our entire customer base... Customer portfolio, but also because we're a leasing company, we have suppliers, contributors and beneficial ownersto filter in order to comply with regulations, on a daily basis.
Since you started using AP SCAN, how much time have you saved on your KYC & AML-CFT due diligences?
In fact, before we opted for this solution, we didn't have a tool, we didn't do this filtering, we only did it with an Excel tool and only on a quarterly basis! We only did it when the BPCE group sent us the lists and updated these lists with an Excel tool, doing approximate searches between our customer base and the lists supplied to us by BPCE.So obviously, in terms of regulations, we weren't very compliant. Having the AP Scan tool enabled us to carry out this filtering on a daily basis and comply strictly with regulations.
What do you think of the quality of APS Solution IO's services?
To date, I'm very satisfied with the software and its ergonomics , and I'd also say with theAP Solution IO team, especially their after-sales service. Every time I ask for anupgrade, it's granted!
Secondly, what I particularly appreciate about AP SCAN software is its adaptability to our activity and the fact that we can modulate all the screening criteria, which are left to our discretion.
How did the internal controls go?
When I chose AP Solution IO and the AP SCAN software, it was to comply with regulations, but also for periodic internal audits.
We've had two successive internal audits: we've had an inspection by the Caisse d'Epargne Midi-Pyrénées internal audit department, and we've also had an audit by Groupe BPCE's General Inspection department.
They analyzed the software, the criteria that had been retained and didn't issue any recommendations on this software, which for us is a more than positive point, both for this software and for the choice I had made, since I had a different choice from the BPCE group, which to this day uses Fircosoft. For me, it's a choice validated by Groupe BPCE's internal audits.