Imagine having all your client information in one place—easily accessible and always up to date. That’s exactly what Profiles in Parallel offer you.
Profiles are complete client records that allow you to:
Centralize information: Personal, economic, financial data, and identity documents—all in one place.
Simplify risk analysis: Access all the information you need to evaluate your clients.
Speed up Customer Due Diligence (CDD): Quickly access the details required for your CDD processes.
This article explains the two core components of Profiles: properties and relationships.
Profile Properties
Properties are the fields where you store specific information about each client. Think of them as the data entry fields in a form—like name, date of birth, etc.
You can populate these properties directly from the KYC forms you send via Parallel. To do this, simply add groups of fields linked to profiles in your KYC form.
Example
Profile: Tesla
Properties:
Company name: Tesla Inc.
Date of incorporation: July 1, 2003
Website: https://www.tesla.com/
Risk: Bajo
Next KYC update: 01/01/2027
Profile Associations and Relationships
When analyzing a client, you usually don’t stop at the formal identification of the person—you also assess the people behind the entity.
One of Parallel’s most powerful features is the ability to link profiles to each other. This allows you to:
View a company’s full structure, including directors and beneficial owners
Understand the relationships between different profiles
Conduct deeper and more comprehensive AML analysis
Example
Profile: Tesla
Relationships:
Directors: Robyn Denholm; Elon Musk; Kimbal Musk; Ira Ehrenpreis; James Murdoch; Kathleen Wilson-Thompson; Joe Gebbia; J. B. Straubel
Beneficial owners: Elon Musk
Types of Profiles
At Parallel, we understand that not all clients are the same. That’s why the platform offers different types of profiles:
Individuals: For personal clients
Companies: For corporate and organizational clients
These profile types come with default properties, but you can customize them by adding new properties or even creating entirely new profile types tailored to your organization’s needs.
Example
Continuing the previous example, Tesla is a Company-type profile and includes properties like company name and incorporation date.
Each of the directors or beneficial owners is an Individual-type profile and shares common properties such as full name, ID document, or date of birth.
Next Steps
Now that you understand the power of Profiles, it’s time to put them to work. In our next article, we’ll show you how to efficiently and automatically gather client information using a KYC form.