Complytek & Advapay team to boost AML compliance for FinTechs

By Gloria Methri

Complytek, an expert in AML compliance solutions, and Advapay, a specialist in core banking systems, have partnered to offer FinTech companies a complete end-to-end solution. This ensures that their businesses can grow while remaining fully compliant with local and global regulations.

Complytek provides innovative CLM (Customer Lifecycle Management) solutions, including AI-powered AML screening, onboarding automation, transaction monitoring, and risk assessment. Its CLM combines AI-powered tracking and risk management to facilitate compliance and combat the $3 trillion global money laundering problem. These tools streamline complex compliance processes, enabling FinTech companies to stay compliant and minimise risks.

Meanwhile, Advapay delivers core banking software—a comprehensive front-end and back-end system, and Embedded Payment solutions to empower businesses in efficiently setting up robust payment infrastructures.

Headquartered in Amsterdam, with a regional presence in Estonia, Spain, Poland, Serbia, and Canada, Advapay serves financial services companies across the UK and EEA, the Middle East, Africa, and Canada. It supports financial institutions worldwide in launching and scaling their businesses at reasonable costs.

The partnership between Complytek and Advapay ensures that while both companies maintain their unique offerings, FinTech businesses can easily benefit from the integrated solution. By combining the strengths of each company, clients can optimise their operations for growth and compliance.

Faisal Islam, CEO of Complytek said, “Our technology is designed to simplify compliance, giving FinTech companies peace of mind when navigating complex regulatory frameworks. Our partnership with Advapay ensures that FinTechs are well-equipped to handle both banking operations and compliance seamlessly.”

Gustav Korobov, Head of Sales at Advapay, emphasises, “Through our collaboration with Complytek, we can offer our clients a comprehensive solution. The seamless integration of our core banking systems with Complytek’s compliance tools provides a unique advantage in the market, allowing our clients to scale quickly and securely.”