Case Study · Kerberos
Innovation in compliance and risk management
Kerberos relies on Structr
Customer
Kerberos Compliance-Managementsysteme GmbH
Industry
Legal technology – risk management / anti-money laundering
Country
Germany
Structr use case
Kerberos
Kerberos is a regtech system and service provider focusing on anti-money laundering, risk and compliance management.
Kerberos' customers include well-known companies from the financial and non-financial sectors, such as sports betting providers and real estate agents.
The team of compliance managers, lawyers, analysts, process and IT specialists combines extensive legal knowledge with technical expertise to create intelligent IT solutions.
Kerberos chose the Structr Graph Application Platform not only to keep pace with the increasingly complex and rapidly changing regulatory requirements companies face, but also to proactively offer its customers comprehensive services and tailor-made risk management and compliance solutions.
Key highlights
- Graph-based compliance management system
- Automated case management to detect money laundering
- Audit-proof compliance through real-time documentation
- Provider of regtech solutions
- Anti-money laundering and risk and compliance management
- Consulting on “Know your customer” and “Data awareness” processes
Challenges
High compliance and documentation requirements
Opaque networks in multi-tier companies (e.g. franchise systems)
Challenge
The German Federal Ministry of Finance estimates that up to 100 billion euros are generated illegally through money laundering in Germany every year.
Criminals mainly exploit so-called “high-risk sectors” such as real estate or the gambling industry.
Operators are subject to strict documentation and audit obligations and must make transparent how security and detection systems are implemented in their organisation. Affected market participants approached the compliance experts at Kerberos asking for an IT solution capable of checking and documenting suspected cases of money laundering and, where necessary, reporting them to the authorities.
Solution
Kerberos Compliance Management Systems has set itself the task of supporting its customers with a comprehensive portfolio of services and tools, giving them the means not only to withstand this pressure but even to gain a competitive advantage by mastering complex organisational and financial challenges through extensive automation.
To achieve the necessary agility, Kerberos relies on Structr to develop its systems. With its outstanding capabilities as a strategic development and integration platform based on a graph database, Structr can be regarded as the most innovative platform currently available for building graph-based applications.
Structr enables the efficient mapping, documentation and analysis of the entire network of actors and companies with a high degree of automation, thanks to a data model that can be adapted at runtime. Further low-code components such as a flow engine and an integrated construction kit for building web applications allow extremely agile development that involves the end users.
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The flexibility of the platform and its outstanding speed with complex graph queries enable cost-efficient custom development and operation, resulting in good scalability from sole traders to multinational corporations.
Christian Tsambikakis, Managing Director of Kerberos Compliance Management Systems, is enthusiastic: “Using Structr has significantly shortened the time to the first proof of concept. For us, Structr is a strategic partner that implements even difficult requirements quickly and efficiently. […] Our software system becomes more powerful every month and is the basis for the services Kerberos provides to its customers.”
A first system was developed for a sports betting provider. It makes it possible to capture data via technical interfaces and manual input and to analyse, visualise and archive it automatically in real time – audit-proof, workflow-supported and quality-assured. The system currently manages around 220,000 people, companies and documents as well as around 1,000,000 relationships.
The volume has already grown to 36 GB and continues to rise.
- Tool for measuring the distance between business premises and protected areas
- Automated APIs for regulatory authorities
For us, Structr is a strategic partner that is able to implement even difficult requirements quickly and efficiently. Our software system becomes more powerful with every month.
Fast and simple processing of suspicious cases
Automated real-time reporting
Easy adaptation to changes in legislation
Outlook
In addition to integrating and evaluating transaction flows in real time, the development team is already working on further improvements and extensions.
In future, specialist lawyers and legal experts will define audit routines and decision processes themselves using Structr's flow editor. This removes the intermediate step of having software developers implement the routines, as well as the often time-consuming coordination between users and developers.
In addition, numerous other processes and procedures have been implemented that allow planning to be largely automated. “We have by no means exhausted the potential of the technical solution architecture yet. Every new development module shows that we have found the perfect technology for our approach, which is unique in the industry,” says Tsambikakis.
Would you like to learn more about how Structr was used in this solution?
Feel free to contact us at any time on +49 800 / 78 78 287 or send us an email at contact@structr.com. Alternatively, use our contact form.
Lukas Reich
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