Tiller Unveils Next-Gen Entity Onboarding and CLM Tech

Tuesday 27th January — Tiller Technologies today announced the launch of its next-generation KYB and entity onboarding service, expanding the capabilities of its international AML SaaS platform, Verify by Tiller, to include entity onboarding and end-to-end Client Lifecycle Management (CLM).

Already adopted by over 200 companies in onshore and offshore jurisdictions worldwide, in just three years, Verify by Tiller has established itself as a market-leading digital onboarding solution for individuals, designed to meet the highest regulatory standards. With this launch, Tiller now extends that same high-performance capability to complex entity onboarding and supporting ongoing AML processes across the full client lifecycle.

“Jersey has built a strong international reputation as a forward-looking and well-regulated finance centre, with technology innovation and product development playing a key part in that success. As corporate structures become more complex, robust Know Your Business (KYB) processes are increasingly important in supporting strong governance, transparency and effective risk management. The development of sophisticated RegTech solutions that enhance efficiency while strengthening KYB and Anti-Money Laundering (AML) frameworks helps firms meet growing regulatory expectations and deliver better outcomes for clients. Home-grown technology businesses exporting expertise into global markets play an important role in strengthening Jersey plc and reinforcing the island’s long-term competitiveness.”

Amy Bryant, Deputy Chief Executive Officer of Jersey Finance.

Setting a New Standard for Entity Due Diligence & CLM (Customer Lifecycle Management). The industry demand for effective Regulatory Technology (RegTech) continues to accelerate as global studies suggest that about 35% of HNWIs use

trusts or offshore structures to manage their wealth. Recognising the growing need amongst their client base, Tiller Technologies set out to build (not partner) the most comprehensive all-in-one AML solution on the market.

The platform has been shaped through extensive ongoing consultation with industry experts, regulators, consultants and technology platform partners to address the industry’s call for a consolidated tool that delivers better onboarding outcomes, stronger fraud detection, robust ongoing AML oversight and a significantly improved customer experience.

"Tillers effective Client Lifecycle Management turns compliance from a one-off cost into a living control framework. Manage the client end-to-end and you cut regulatory risk, lift efficiency, and improve client experience, all while future-proofing onboarding." Stuart Richford, CEO Mason Breese

While official figures are scarce, it is estimated that 60–80% of business in offshore jurisdictions is conducted through companies or legal entities rather than individuals, underscoring the critical need for advanced compliance technology. In the UK, the National Assessment Centre (NAC) estimates that around £100 billion is laundered through UK-based corporate structures, highlighting the scale of financial crime risk that robust KYB and CLM solutions can help mitigate.

“Verify by Tiller was built to solve the real compliance challenges regulated businesses face every day — not to be another ‘bloated’, one-size-fits-all CLM platform that overpromises and underdelivers,” said Jonathan Wauton, CEO of Tiller Technologies.

“Our modular approach puts firms in control, allowing them to screen, verify and monitor clients in a way that fits their risk profile, jurisdiction and operating model. With fast deployment, intuitive configuration and seamless integration into existing systems, Verify delivers faster onboarding, stronger AML outcomes and dramatically lower operational friction — turning compliance from a cost centre into a competitive advantage.”

Looking Ahead - This latest release marks three years of continuous development since the first version of Verify by Tiller launched back in January 2023. Tiller Technologies continues to work closely with early adopters and industry partners across offshore & onshore centres as new enhancements move through testing and into deployment.

“FinTech innovation plays an important role in supporting Jersey’s sustainable economic development. Robust KYB solutions strengthen transparency, governance and confidence, and it is encouraging to see Jersey-based businesses developing products that meet growing global regulatory expectations.” Deputy, Kirsten Morel, Minister for Sustainable Economic Development