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June 2024 Edition

Tiran Behrouz, Clear View Systems CEO: “In our path towards growth, we strive to remain humble, kind, and helpful to each other and our customers!”

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Founded nearly two decades ago, Clear View Systems (CVS) emerged with a clear mission: to develop B2B software to serve the underserved needs of small and medium-sized businesses (SMBs) globally, especially in the domain of Currency Exchange Software. Recognizing the hurdles faced by SMBs across sectors, CVS set out to empower these entities, enabling them to compete with larger financial institutions on a level playing field. As the journey unfolded, CVS realized the potential to broaden its impact by diversifying its offerings. Expanding beyond its initial focus, the company delved into developing API and cloud-based solutions catering to various needs, including sanction and PEP screening, exchange rates, and transaction monitoring systems. The culmination of these efforts led to the creation of the CXR Cloud platform, a cutting-edge SaaS solution designed to streamline operations for Money Service Businesses (MSBs).

By providing a wide range of B2B solutions to several vertical sectors, CVS is a leading innovator in the market today. From hospitality to precious metals, currency exchange to private equity, the company's offerings span a broad spectrum of industries. Among its flagship solutions are anti-money laundering (AML) tools, transaction monitoring systems, KYC solutions, integrated POS, CRM, accounting software, inventory tracking, and managerial reporting. Ensuring accessibility for businesses of all sizes, CVS also offers flexible deployment models, including both on-premise and cloud-based options. Continuously evolving to meet the evolving needs of its clientele, CVS places a premium on user experience and innovation, constantly enhancing its products' usability, stability, and feature set. In doing so, the company remains focused in its dedication to empowering SMBs worldwide.

In conversation with Tiran Behrouz, CEO of Clear View Systems

Q. How does Clear View Systems ensure compliance with various regulatory requirements, such as PCMLTFA, CIP, and AML regulations?

CVS empowers small to medium MSBs to thrive in today's dynamic business landscape by providing affordable, simple, state-of-the-art software. Furthermore, CVS enables our clients to navigate regulatory challenges effectively. CVS ensures compliance with various regulatory requirements, including PCMLTFA, CIP, and AML regulations, by collaborating with expert compliance consultants in Canada, the USA, and abroad. Regular updates and adaptations to our software ensure alignment with evolving regulatory standards.

Q. Clear View Systems serves a diverse range of industries, including MSBs, financial institutions, travel agencies, and casinos. How do you tailor your solutions to meet the specific needs of each industry?

We acknowledge the challenging and ever-changing requirements of small to medium-sized money service businesses. The regulatory landscape is getting stricter and tougher to comply with every year. This has driven us to create solutions that are highly customizable. By offering flexible and customizable options, we make sure that our clients receive solutions that are firmly aligned with their business objectives. This commitment to customization not only enhances the effectiveness of our offerings but also fosters stronger partnerships as we continuously strive to exceed the expectations of our valued clients.

Q. Could you share some insights into the deployment options offered by Clear View Systems, including on-premise and cloud-based solutions? What factors should businesses consider when choosing between these options?

We are probably the only solution provider that offers both centralized and decentralized deployment options. We are also the only company that has developed a robust sync module that allows multi-branch operations to work seamlessly and even in offline (no internet connection) mode. We offer the following deployment models:

  • On-premise for Mac and Windows: Our on-premise solution offers full control and data ownership by the client.
  • SaaS model: Our cloud-based solution offers unparalleled flexibility, enabling our clients to maintain mobility in their service offerings.
  • Decentralized Servers with Sync Technology Allowing Offline Operation: This model offers stability for businesses that have branches in remote areas facing Internet connectivity challenges.
  • Centralized Server in the Cloud with Sync Technology Allowing Semi-Offline Operation: This model provides the convenience of a centralized server in the cloud while offering the capability to work offline if the connection to the main server is slow or unavailable.

This diverse range empowers our clients to select the best option depending on their specific needs. This versatility allows businesses to adapt seamlessly to customer demands, ensuring they stay ahead of the curve in today's dynamic business landscape.

Q. Could you discuss the role of Clear View Systems in promoting financial inclusion, particularly for smaller money service businesses competing with larger institutions?

Clear View Systems is dedicated to fostering financial inclusion, with a particular focus on smaller money service businesses (MSBs) that frequently encounter obstacles when competing against larger institutions. We are known to be the banking solution for small businesses. Our commitment extends beyond providing mere solutions; we offer tailored support to empower MSBs to efficiently navigate regulatory landscapes. By equipping them with the tools and guidance needed to comply with regulations and standards, we level the playing field, enabling these businesses to compete effectively. In doing so, we play a vital role in advancing financial inclusivity, ensuring that even the smallest players have the opportunity to thrive in the financial sector.

Q. Do you have any new services ready to be launched?

We are developing a powerful AI-based AML compliance agent. We named her ErikAI, and we are hoping that she will help our customers with their sophisticated compliance tasks, including risk analysis, customer insights, transaction monitoring, reporting, and more. In our early release, we noticed that ErikAI can increase the productivity of a compliance officer by at least 300%. We consistently explore new opportunities for expansion, both geographically and across industries, to enrich our offerings and meet the evolving needs of the market. This unwavering commitment ensures that our clients receive cutting-edge solutions that contribute to their ongoing success.

Q. What does the future hold for your company and its customers? Are exciting things on the way?

Looking to the future, Clear View Systems is primed for ongoing expansion and innovation. Our commitment to growth extends beyond geographical boundaries as we continue to broaden our reach to new regions. Additionally, we are dedicated to expanding our presence in diverse industries, catering to a wider array of businesses with tailored solutions. Our strategic direction emphasizes the integration of cutting-edge technologies like AI and machine learning into our solutions. By leveraging these advancements, we aim to elevate the efficiency, effectiveness, and security of our offerings, empowering our clients to achieve greater success. 

“As we embark on this journey of growth and evolution, our team’s unwavering dedication to customer support has remained unprecedented. We are excited about the opportunities and developments on the horizon while staying true to our core values.”

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