back Back integrates with ComplyAdvantage for streamlined KYC

By Gloria Methri

February 01, 2024

  • Complyadvantage
  • Digital Identity Verification
  • Europe

Comply Advantage,, Financial Crime, Risk Mitigation, Risk Prevention, KYC, Compliance, Regulatory, RegTech, UK,, a FinTech solutions provider, has announced its integration with ComplyAdvantage, the specialist in financial crime intelligence.

With the integration of ComplyAdvantage’s advanced AI-driven technologies, users can improve their Know Your Customer (KYC) procedures and enhance compliance measures in real time. Integration with ComplyAdvantage provides users with a robust and seamless solution for enhancing their compliance processes.

ComplyAdvantage offers customers a streamlined and effective KYC verification service that helps manage and mitigate risks associated with customer identity verification. It provides a high level of security and accelerates the onboarding process for end-users by automating customer screening and monitoring for sanctions, watchlists, adverse media, and more.

The KYC process offered by ComplyAdvantage includes search algorithm options designed to enable accurate matching, even when there are spelling errors or variations. Likewise, search profiles can be customized based on the risk level per data source. This KYC process not only enhances operational efficiency but also reduces false positives, providing a robust KYC compliance experience for customers.

This integration not only streamlines the KYC process but also enhances the accuracy and reliability of compliance measures. By leveraging ComplyAdvantage’s comprehensive risk detection and regulatory compliance tools, users can ensure that their financial products adhere to the highest standards of compliance.

ComplyAdvantage’s robust risk detection capabilities contribute to reliable risk mitigation for users, identifying and flagging potential risks associated with user profiles, transactions, or activities. CEO Alex Malyshev said, “We are honoured to welcome ComplyAdvantage, among other recent providers, as our valued partners. This integration marks a significant step in empowering our clients to enhance their compliance procedures and leverage the ComplyAdvantage advanced KYC capabilities without the need to build their integration from the ground up.”

“The platform enables the creation of a streamlined, efficient ecosystem for neobanks and others in the paytech space, which makes them a welcome addition to the ComplyAdvantage network of partners. Working together, we can help customers by empowering smarter, more accurate decision-making to meet KYC requirements; thus, creating a safer, stronger financial system,” said Raji Soussou, VP Global Partnerships & Alliances, ComplyAdvantage.

Previous Article

February 01, 2024

Dopay appoints Ahmed Nassef as Chief Operating Officer and GM

Read More
Next Article

February 01, 2024

Ondo Finance expands footprint in Asia-Pacific with new office

Read More

IBSi Daily News Analysis

bahrain, islamic finance

February 22, 2024


What makes Bahraini Islamic Finance industry so robust

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


Prove Identity & TargetData join forces to drive expansion in Brazil

Read More


UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More


Security Bank joins Avaloq to digitise its wealth management business

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023