ComplyAdvantage

ComplyAdvantage is a London-based company that produces and sells anti-money laundering and compliance solutions to compliance professionals. The company develops software that helps fight financial crime, including providing a real-time database to help organizationorganizations identify risk events from structured and unstructured data to help enterprises understand their risk.

It helpsUsers userscan identify risk in people and companies they work with globally through its machine learning and big data baseddata-based products. It utilizes cloud basedcloud-based software to constantly updatedupdate financial crime data to power its software, which is in compliance with international financial and security regulations. ComplyAdvantage's tools include monitoring, data, screening, and on-boardingonboarding modules. The company's software tools servesserve banks, insurance, payments, and cryptocurrency sectors, among others.

British entrepreneur Charles Delingpole founded ComplyAdvantage in 2014. Delingpole identified that “the fight against financial crime is being lost due to regulatory divergence more so than any other single issue in the industry”, and that “legacy software solutions, generally speaking, are too expensive and inflexible to accommodate agile business models and risks."

In October 2016, ComplyAdvantage received an $8.2 million Series A investment, led by Balderton Capital. Three years later, in 2019, ComplyAdvantage received a $30 million Series B investment, led by Index Ventures and Balderton Capital.

ComplyAdvantage was founded in London in 2014 by Charles Delingpole. As of 2019, the company is operating across four global hubs in New York City, London, Singapore, and Cluj-Napoca.

In 2019, ComplyAdvantage won The Sunday Times’sTimes Digital Innovation Award and was named a TechTrack 100 fastest growingfastest-growing company. That year, it also won the Finnovate 2019 Best Regtech Award.

In 2020, ComplyAdvantage was named by CBInsights as one of the 100one hundred most innovative artificial intelligence startups(AI) start-ups. Also in 2020, ComplyAdvantage was named by the Financial Times as Europe’s 6th fastestsixth growingfastest-growing fintech company and was listed as a Technology Pioneer by the World Economic Forum.

ComplyAdvantage’s AML/CFT and KYC products integrate structured and unstructured data points that allowsallow banks, fintechs, and other financial institutions to comply with a set of anti-money laundering and counter terrorismcounter-terrorism financing laws around the world intended to prevent money laundering. As of January 2020, ComplyAdvantage’s products are used by more than 500 enterprises in 75seventy-five countries, including Banco Santander, Visa, Munich Re, Robinhood, LINE Corporation, and OakNorth Bank.

ComplyAdvantage's software products and services are developed to help users in various industries to ensure compliance while reducing false positives, and detect and stop fraud, while also reducing onboarding time.

The industries ComplyAdvantage offers their solutions to includes: Banks, where the tools can help accelerate onboarding and maintain transaction processing to allow banks maintain their customer service experience while reducing fraud, whether it is commercial, digital, or retail banks; early-stage startups, where ComplyAdvantage can help the start-ups meet compliance standards, including access to the company's anti-money laundering and know-your customer solutions; insurance companies, where the company's solutions offer automated AML processes and compliance solutions to uncover suspicious entities and activities in real-time; for payments processors, the company's solutions are developed to detect fraudulent transactions while maintaining service speeds; for cryptocurrency companies where the company's tools can offer robust AML processes and ensure their platforms are not used for money laundering; for lending institutions, ComplyAdvantage offers their solutions to help them uncover fraudulent lenders and maintain compliance; and for wealth technology companies, ComplyAdvantage offers their solutions to negate the risks which come with high-net-worth clients and customer acquisition.

The industries ComplyAdvantage offers their solutions to the following:

• Banks, where the tools can help accelerate onboarding and maintain transaction processing to allow banks to maintain their customer service experience while reducing fraud, whether it is commercial, digital, or retail banks
• Early-stage startups, where ComplyAdvantage can help the start-ups meet compliance standards, including access to the company's anti-money laundering and know-your customer solutions
• Insurance companies, where the company's solutions offer automated AML processes and compliance solutions to uncover suspicious entities and activities in real-time
• For payments processors, the company's solutions are developed to detect fraudulent transactions while maintaining service speeds
• For cryptocurrency companies, the company's tools can offer robust AML processes and ensure their platforms are not used for money laundering
• For lending institutions, ComplyAdvantage offers its solutions to help them uncover fraudulent lenders and maintain compliance
• For wealth technology companies, ComplyAdvantage offers solutions to negate the risks that come with high-net-worth clients and customer acquisition

ComplyAdvantage offers solutions for sanctions and watchlist screenings. This solution is a fully-automatedfully automated solution to check customers against sanction lists, watchlists, adverse media, PEPs, warning lists, and internal data. The solution offers users the ability to search data and manage cases offered through a user interface intended to be easy to use while also offering an API to offerfor integrations into other workflows. ComplyAdvantage's solution also allows users to configure the monitoring parameters dependantdepending on their business needs, including risk-based alert frequency and differentiated risk screening levels for customer onboarding.

The Adverse Media Screening solution offered by ComplyAdvantage offers users risk management tools to improve analyst workload efficiency when focused on adverse media screening. The tool allows users tocreateto create custom risk profiles based on an institutionsinstitution's risk appetite and to help manage reputational risk by proactively identifying incoming threats.

ComplyAdvantage's Know Your Business (KYB) solution offers users the necessary tools to build trusted relationships with businessbusinesses and streamline business onboarding. This includes tools to automate the validation of companies in all 50fifty states across America and the necessary tools to tailor the onboarding process to the preferred risk of a customer or institution. The KYB solution offers multi-layered risk scoring across several categories with straight-through processing andtheand the potential to escalate necessary problems to a human rather than an automated process.

ComplyAdvantage's KYB solution also uses the company's real-time risk database to mitigate risk as necessaynecessary, to reduce false positives and increase overall accuracy, and automate ongoing monitoring to ensure a user does not miss changes to a customers'customer's risk. The ongoing monitoring includes a dynamic risk scoring feature whichthat scores the risk based on the customer's ownership, credit rating, trading amount, directorship, or governance status, all automatically.

ComplyAdvantage's transaction monitoring tool offers artificial intelligence-poweredAI-powered monitoring and screening, that understands and manages customer risk through automation and verification to eliminate fraud losses and look beyond data to provide context and find hidden risk. The tool is developddeveloped to stop high-risk transactions as they occur and improve efficiency through intuitive workflows through an API.

The transaction monitoring tools offer users a rules library of AML/CFT industry topologies, a no-code self-serve rules builder, a simplified view of team performance, alert prioritization for efficiency, and scalability to billions of transactions. The solution is developed to help users reduce false positives, in part with the AI learning from analysts and data to help users prioritize and focus on the greater risks to the business. And those can be built on an organizationsorganization's own rules chosen from a library of red flags and suspicious activity scenarios and with custom thresholds depending on the risk appetite of an organization.

ComplyAdvantage's Fraud Detection tool is another AI-powered fraud detection tool intended to offeroffers users out-of-the-box fraud scenarios and a rules library to automate real-time monitoring and detection of fraud and fraud-related activity. The tool is developed with dynamic thresholds whichthat are calibrated automatically to adapt to evolving criminal behavior and thereby frustrate criminal creativity. While doing so, the tool is developed to detect the fraud and explain why each alert is created to give crucial context to analysts. Fraud Detectiondetection also offers identity clustering to provide users with linked accounts that may be controlled by a single individual or institution engaged in fraudulent activity and allows for the tracking of illicit funds through a usersuser's system.

ComplyAdvantage's Paymentpayment Screeningscreening solution is developed to help users reduce false positives and ensuringensure transactions are processed without compromising on risk detection. This is done in part using risk-optimized matching algorithms. The payment screening solution uses data from various sources, including over 140 sanction lists, 1200 watchlists, and 244 PEP jurisdictions data lists to ensure user profiles and transaction profiles are provided with information for accurate and timely decisions. The tools is also developed to maintain payment processing speeds rather than detracting from them.

ComplyAdvantage is a London-based company that produces and sells anti-money laundering and compliance solutions to compliance professionals. The company develops software that helps fight financial crime, including providing a real-time database to help organization identify risk events from structured and unstructured data to help enterprises understand their risk.

It helps users identify risk in people and companies they work with globally through its machine learning and big data based products. It utilizes cloud based software to constantly updated financial crime data to power its software, which is in compliance with international financial and security regulations. ComplyAdvantage's tools include monitoring, data, screening, and on-boarding modules. The company's software tools serves banks, insurance, payments, and cryptocurrency sectors, among others.

ComplyAdvantage was founded in London in 2014 by Charles Delingpole. As of 2019, the company is operating across four global hubs in New York City, London, Singapore and Cluj-Napoca.

In 2019, ComplyAdvantage won The Sunday Times’s Digital Innovation Award and was named a TechTrack 100 fastest growing company. That year, it also won the Finnovate 2019 Best Regtech Award.

In 2020, ComplyAdvantage was named by CBInsights as one of the 100 most innovative artificial intelligence startups. Also in 2020, ComplyAdvantage was named by the Financial Times as Europe’s 6th fastest growing fintech company and listed as a Technology Pioneer by the World Economic Forum.

ComplyAdvantage’s AML/CFT and KYC products integrate structured and unstructured data points that allows banks, fintechs and other financial institutions to comply with a set of anti-money laundering and counter terrorism financing laws around the world intended to prevent money laundering. As of January 2020, ComplyAdvantage’s products are used by more than 500 enterprises in 75 countries including Banco Santander, Visa, Munich Re, Robinhood, LINE Corporation and OakNorth Bank.

In 2019, ComplyAdvantage won The Sunday Times’s Digital Innovation Award and was named a TechTrack 100 fastest growing company. That year, it also won the Finnovate 2019 Best Regtech Award.

ComplyAdvantage's software products and services are developed to help users in various industries to ensure compliance while reducing false positives, detect and stop fraud, while also reducing onboarding time.

In 2020, ComplyAdvantage was named by CBInsights as one of the 100 most innovative artificial intelligence startups. Also in 2020, ComplyAdvantage was named by the Financial Times as Europe’s 6th fastest growing fintech company and listed as a Technology Pioneer by the World Economic Forum

The industries ComplyAdvantage offers their solutions to includes: Banks, where the tools can help accelerate onboarding and maintain transaction processing to allow banks maintain their customer service experience while reducing fraud, whether it is commercial, digital, or retail banks; early-stage startups, where ComplyAdvantage can help the start-ups meet compliance standards, including access to the company's anti-money laundering and know-your customer solutions; insurance companies, where the company's solutions offer automated AML processes and compliance solutions to uncover suspicious entities and activities in real-time; for payments processors, the company's solutions are developed to detect fraudulent transactions while maintaining service speeds; for cryptocurrency companies where the company's tools can offer robust AML processes and ensure their platforms are not used for money laundering; for lending institutions, ComplyAdvantage offers their solutions to help them uncover fraudulent lenders and maintain compliance; and for wealth technology companies, ComplyAdvantage offers their solutions to negate the risks which come with high-net-worth clients and customer acquisition.

ComplyAdvantage offers solutions for sanctions and watchlist screenings. This solution is a fully-automated solution to check customers against sanction lists, watchlists, adverse media, PEPs, warning lists, and internal data. The solution offers users the ability to search data and manage cases offered through a user interface intended to be easy to use while also offering an API to offer integrations into other workflows. ComplyAdvantage's solution also allows users to configure the monitoring parameters dependant on their business needs, including risk-based alert frequency and differentiated risk screening levels for customer onboarding.

The Adverse Media Screening solution offered by ComplyAdvantage offers users risk management tools to improve analyst workload efficiency when focused on adverse media screening. The tool allows users tocreate custom risk profiles based on an institutions risk appetite and to help manage reputational risk by proactively identifying incoming threats.

ComplyAdvantage's Know Your Business (KYB) solution offers users the necessary tools to build trusted relationships with business and streamline business onboarding. This includes tools to automate validation of companies in all 50 states across America and the necessary tools to tailor the onboarding process to the preferred risk of a customer or institution. The KYB solution offers multi-layered risk scoring across several categories with straight-through processing andthe potential to escalate necessary problems to a human rather than an automated process.

The company was founded in 2014 by Charles Delingpole.

ComplyAdvantage's KYB solution also uses the company's real-time risk database to mitigate risk as necessay, to reduce false positives and increase overall accuracy, and automate ongoing monitoring to ensure a user does not miss changes to a customers' risk. The ongoing monitoring includes a dynamic risk scoring feature which scores the risk based on the customer's ownership, credit rating, trading amount, directorship, or governance status all automatically.

ComplyAdvantage's transaction monitoring tool offers artificial intelligence-powered monitoring and screening, that understands and manages customer risk through automation and verification to eliminate fraud losses and look beyond data to provide context and find hidden risk. The tool is developd to stop high-risk transactions as they occur and improve efficiency through intuitive workflows through an API.

The transaction monitoring tools offer users a rules library of AML/CFT industry topologies, a no-code self-serve rules builder, a simplified view of team performance, alert prioritization for efficiency, and scalability to billions of transactions. The solution is developed to help users reduce false positives, in part with the AI learning from analysts and data to help users prioritize and focus on the greater risks to the business. And those can be built on an organizations own rules chosen from a library of red flags and suspicious activity scenarios and with custom thresholds depending on the risk appetite of an organization.

ComplyAdvantage's Fraud Detection tool is another AI-powered tool intended to offer users out-of-the-box fraud scenarios and rules library to automate real-time monitoring and detection of fraud and fraud-related activity. The tool is developed with dynamic thresholds which are calibrated automatically to adapt to evolving criminal behavior and thereby frustrate criminal creativity. While doing so, the tool is developed to detect the fraud and explain why each alert is created to give crucial context to analysts. Fraud Detection also offers identity clustering to provide users with linked accounts that may be controlled by a single individual or institution engaged in fraudulent activity and allows for the tracking of illicit funds through a users system.

ComplyAdvantage's Payment Screening solution is developed to help users reduce false positives and ensuring transactions are processed without compromising on risk detection. This is done in part using risk-optimized matching algorithms. The payment screening solution uses data from various sources, including over 140 sanction lists, 1200 watchlists, and 244 PEP jurisdictions data lists to ensure user profiles and transaction profiles are provided with information for accurate and timely decisions. The tools is also developed to maintain payment processing speeds rather than detracting from them.