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Hampshire Trust Bank chooses ComplyAdvantage to boost AML capability

By Joy Dumasia

September 30, 2021

  • AML
  • Complyadvantage
  • Europe
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Hampshire Trust Bank (HTB), a specialist bank focused on lending to UK businesses, has selected ComplyAdvantage, a global data technology company transforming crime detection for its award-winning anti-money laundering (AML) suite of solutions, including Customer Screening and Onboarding, Adverse Information & Media, Transaction Monitoring and Transaction Screening.

Staffed by a team of lending experts, Hampshire Trust Bank provides specialist business finance, mortgages and, award-winning savings accounts for individuals and businesses. Because of rapid and significant growth, HTB’s risk profile is changing as the firm’s client base expands into newer markets.  This is why HTB elected to partner with ComplyAdvantage to build stronger, real-time AML capabilities with better control and scalability.

Powered by ComplyData, ComplyAdvantage’s hyper-scale technology helps to uncover hidden risks throughout the customer lifecycle, helping banks like HTB to maintain the highest level of compliance oversight and integrity.   This reduces dependence on manual review processes and legacy databases by up to 80% and improves how businesses like HTB screen and monitor clients and transactions.

Nick Hawke, Chief Compliance Officer for HTB, said: “HTB is serious about combating financial crime and maintains carefully monitored controls across the bank. As we sought to strengthen those controls, we wanted a solution that would bring both resilience and efficiency. ComplyAdvantage represents a key step in maturity by consolidating all screening and transaction monitoring into a single hosted platform, which delivers a robust and reliable solution.”

Charlie Delingpole, founder and CEO ComplyAdvantage, said: “We are very proud to be selected by such a highly regarded bank as HTB. Now, the HTB team can transact with trust and grow with confidence by using our state-of-the-art AML intelligence, tools and technology needed to combat the volume, velocity and complexity of today’s financial crimes.”

Recently, IBS Intelligence reported that TransferMate Global Payments, a leading global B2B payments technology solution provider, has selected ComplyAdvantage, a global data technology company transforming financial crime detection.

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