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sync. and ComplyAdvantage to boost fight against financial crime

By Megha Bhattacharya

August 28, 2020

  • Complyadvantage
  • Sync.
  • UK
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UK-based money management app, sync. has recently announced a partnership with ComplyAdvantage in a bid to boost its fight against financial crime with a real-time database. ComplyAdvantage’s front-end configurability is expected to allow sync.’s compliance and risk management to perform more effectively.

“ComplyAdvantage’s vision is to take on and neutralize the risk of money laundering, terrorist financing, corruption, and all other global financial crimes,” said Charles Delingpole, Founder & CEO of ComplyAdvantage. “We are always excited to partner with other innovative products and provide our scalable solutions to sync. as they expand.”

sync. is an Open Banking service that combines a host of financial services into one app. The all-in-one hub allows customers to open a sync. account and link all their existing bank accounts and cards in a clear dashboard. The app comprises next-generation security features, including generating new CVC numbers via the app, a hidden magnetic strip on the card, as well as advanced in-app controls.

Ricky Lee, Founder of sync., said, “Security is incredibly important to us at sync., whether that is adding enhanced security options to our product, like our cards without printed CVC numbers, or ensuring we are completely AML and CTF compliant. We’re proud to have a partner that is as fast-moving as ComplyAdvantage. Their real-time updates and new innovative features mean that our AML and CTF monitoring is always the best it can be.”

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