ComplyAdvantage
ComplyAdvantage offers a range of AML solutions and Fincrime Risk Intelligence with extensive global coverage, utilizing advanced AI and machine learning for customer screening, transaction monitoring, and fraud detection.
ComplyAdvantage Services
ComplyAdvantage provides a range of anti-money laundering (AML) solutions. These services include customer screening, company screening, ongoing monitoring, transaction monitoring, payment screening, and fraud detection. They leverage advanced AI and machine learning algorithms to ensure thorough and efficient screenings. The company also offers automated risk monitoring and real-time alerts for changes in customer and company risk statuses.
Proprietary Risk Intelligence: ComplyAdvantage Mesh
ComplyAdvantage Mesh is a SaaS-based risk intelligence platform that unites global intelligence to combat financial crime. This proprietary platform drives many of ComplyAdvantage's services, offering comprehensive risk assessments and compliance tools. Updated every 15 minutes, the system's database includes a dynamic collection of sanctions and watchlists. The platform is equipped with a RESTful API for seamless integration and provides a comprehensive audit trail for compliance processes.
Industry-Specific Solutions
ComplyAdvantage serves a variety of industries with dedicated compliance solutions tailored to specific needs. These sectors include banks, cryptocurrency, early-stage start-ups, corporates, insurance, lending, payments, and wealthtech and investments. By offering industry-specific tools, the company supports compliance with extensive regulatory requirements, such as FATF recommendations. Their services enable streamlined onboarding processes and can reduce false positives by up to 70%.
Early-Stage Business Programs: ComplyTry and ComplyLaunch™
ComplyAdvantage provides free tools and programs for early-stage businesses through their initiatives like ComplyTry and ComplyLaunch™. These programs are designed to help new fintech companies and other start-ups maintain compliance and manage financial crime risks efficiently. ComplyLaunch™, in particular, offers a comprehensive compliance program tailored for early-stage fintechs, supporting them through the complexities of regulatory requirements.
Global Risk and Compliance Intelligence
ComplyAdvantage offers a market-leading global risk and compliance intelligence platform with extensive coverage. This system supports customers by providing automated customer rescreening, real-time data updates, and reducing compliance workload efficiency. Their solutions aim to shorten the onboarding cycle time by 50%, making compliance processes more efficient and effective. Their robust global coverage facilitates in-depth and comprehensive compliance practices across multiple industries.