back Back

Rebellion Pay selects Sentinels to strengthen its AML compliance

By Joy Dumasia

March 16, 2022

  • AI Algorithms
  • AML
  • Europe
Share

Sentinels, Europe’s leading intelligent transaction monitoring and client risk management platform, has been selected by Rebellion Pay to enhance and streamline the leading Spanish neobank’s anti-money laundering (AML) compliance monitoring and risk profiling functions. 

By consolidating transaction data from multiple environments into an all-in-one monitoring solution, according to programmable business rules, the Sentinels platform allows compliance supervising teams to generate next-level client risk profiles and more reliably identify suspicious transactions and client behaviour. 

Using the Sentinels platform, Rebellion Pay can generate comprehensive views of the transaction environments across its full range of payment services, including prepaid Mastercard debit transactions and peer-to-peer (P2P) payments, together with fiat-crypto exchange services offered by the digital bank for a growing number of cryptocurrencies. 

By applying Sentinels’ AI and machine learning algorithms, Rebellion Pay will be able to assess client risk and accurately detect financial crime faster and more efficiently than ever before, driving down the cost of its AML compliance, increasing operational efficiency and, ultimately, eliminating all criminal behaviour from its customer base. 

Sergio Cerro, CEO and Co-Founder of Rebellion Pay, said: “Sentinels is a dynamic, young and high growth start-up with a bright future. We firmly believe that AI and machine learning will change the game in digital banking, and Sentinels is already confirming this belief in the transaction monitoring and client risk management space. The decision to work with Sentinels was easy to make. Its software is straightforward to use and crammed with cool features, and its level of customer care is second to none. We’re delighted to have them as our partner and firmly believe that we will see plenty more powerful and innovative products coming out of this company in the years to come.” 

Joost van Houten, CEO of Sentinels, added: “It is with great pleasure that we welcome Rebellion Pay, both our first neobank and our first Spanish customer, to the Sentinels ranks. Rebellion Pay is a true disruptor in financial services and shares our love for next-gen technologies. We greatly look forward to axing the firm’s exposure to client risk by ensuring no illicit activity goes undetected. By boosting the accuracy of the bank’s suspicious transaction detection, we will also help its teams zero-in on real criminal behaviour and kiss goodbye to the wasted days spent processing false-positive alerts.”

Previous Article

March 16, 2022

PostNord Strålfors and Tink enter open banking payments partnership

Read More
Next Article

March 16, 2022

NextPlay Technologies partners with TruCash Group of Companies to launch NextBank Payments

Read More










IBSi Daily News Analysis

fraud, FinTech

November 25, 2022

AI Algorithms

Why UK FinTechs are investing heavily in APP fraud prevention

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

November 25, 2022

DeltaPay selects Provenir’s AI-Powered data and risk decisioning platform to power its BNPL offerings

Read More

November 23, 2022

Propel expands North American footprint with the launch of Fora Credit

Read More

November 23, 2022

Wolters Kluwer FFR hires Kevin Hay as Vice President of Sales

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022