AMLYZE Launches New Version of Core Product to Help Customers Successfully Meet Increasing Regulatory Requirements

RegTech
04.04.2023 11:00 am

AMLYZE, a fast-developing RegTech that helps fintechs, crypto businesses, banks, and other regulated entities to fight against financial crime, has launched a new version of its core product dedicated to transaction monitoring, client risk-scoring and case management for successful AML-related processes.

The first two customers have already successfully migrated to the new platform and the rest will be onboarded by the end of the second quarter of this year.

The new, completely redesigned application is based on UI/UX best practices and has been completely rebuilt from the technical side, including a new API version, resulting in faster response times, greater stability and less human resource-demanding from the customer side.

A new technology stack has been used to completely redesign the rules and scenario engine, making it more stable and up to 22 times faster, with new and more flexible customisation options.

Gabrielius Bilkštys, CEO and co-founder of AMLYZE, said: "We are pleased to announce the launch of the new version of our product. It is a long-awaited milestone of very intensive work of our new IT team, and I personally believe that it will greatly contribute to the success of our current and future clients. Regulatory requirements for anti-money laundering are increasing all around the world, and that's why our Software-as-a-Service (SaaS) tool will play an increasingly important role in successful compliance, not only for fintechs, but also for a wide range of businesses, related to risk assessment and transaction monitoring".

Aleksandr Lazutkin, Chief Product Officer of AMLYZE, added: “We are listening to our customers and will continue to enhance and add features that will help our customers more efficiently manage their day-to-day compliance and transaction monitoring needs.”

AMLYZE’s core products are now transaction monitoring, customer risk assessment and case management, which will be complemented by an advanced back-testing, perpetual KYC modules, a quality assurance workspace and other features.