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HUBUC and ComplyAdvantage to boost compliance capabilities

By Megha Bhattacharya

May 05, 2021

  • Complyadvantage
  • Hubuc
  • UK
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complyadvantageBanking-as-a-Service HUBUC has partnered with the Anti-Money Laundering (AML) and risk detection provider ComplyAdvantage to integrate its innovative compliance and security screening technology.

The partnership will enable businesses using HUBUC’s platform to benefit from ComplyAdvantage’s global sanctions screening technology. This uses real-time proprietary AML data and sophisticated, configurable matching technology to track companies or entities and ensure businesses are measuring risk against the latest available information and are therefore protected.

Justine Gilder, Head of Compliance, HUBUC commented, “Offering complete compliance management for our business customers is one of the unique, core and most in-demand features on our platform, so we needed a partner that is at the top of its game. Our customers come to us for a suite of payment capabilities that they can use on an international scale, so it’s important to both us and them that we provide it in the most safe and secure way. ComplyAdvantage is one of only a small number of proprietary global AML data providers in the world, making it the perfect fit for HUBUC and our customers.”

Recently, ComplyAdvantage announced a new early-stage anti-money laundering (AML) program aimed at growth-focused startups called ComplyLaunch. The company stated that the program provides qualified startups with free access to the company’s award-winning AML and Know Your Customer (KYC) tools and resources needed to uncover and reduce the threat of money-laundering activities so they can onboard new customers with lower risk and greater trust.

“HUBUC is a great example of a fintech that’s enabling companies to accelerate new embedded finance services to market using their powerful API technology and unified platform,” said Charles Delingpole founder and CEO of ComplyAdvantage. “Which is why we are excited to be working with their team by providing access to our award-winning hyper-scale AML and risk detection solutions. Together we can reduce the threat of financial crimes so businesses can transact with trust and grow with confidence.”

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