AML
Real-time AML transaction screening.
Screen payments in multiple formats, contexts and countries against trusted sanction lists to ensure a fortified landscape for global institutions to flourish.
Arrange a demoAchieve 99.9% detection rate
Automate 80% of manual tasks
Reduce false positives by 50%
Mitigating risks in an expanding financial landscape
An increasingly worldly field for finance is excellent, providing potential to untapped markets and fuelling the creation of innovative products. However, when organised crime can infiltrate a system with greater scope, avoiding becoming an enabler of money laundering becomes a priority.
Local and global regulators are clamping down on the importance of transaction screening, and companies need to keep pace when serving multiple regions. Tracking transactional data across siloed systems against the numerous sanctions watchlists is challenging and leads to many false positives. RelyComply’s answer is to unify the process in one place: operations are simplified, and the map for screening any worldwide transaction is clearly focused.
It’s time to un-complicate AML compliance
Let no risk slip through the net
Transactional screening occurs in real time and can alert the RelyComply system to any potential risk of sanctioned or embargoed payments.
Part of a secure ecosystem
Like tracking individuals or businesses with ties to corruption, organised crime, terrorist financing, or other criminal activities, RelyComply can accurately detect suspicious payments according to trusted watchlists and multiple factors, such as birth dates or locations.
Seamless screening for any financial environment
Users can screen an array of various payment types that suit their specific context, all from one convenient central location that can integrate your existing internal screening processes.
Turn manual processes over to AI
With the power of AI’s data processing, administrative screening tasks can be reduced. At the same time, Natural Language Processing can contextualise all parties involved in payments, comparing that information against a user-led set of reference data.
End to end. Day to day.
Business thrives with uninterrupted flows of legitimate transactions. RelyComply helps achieve straight-through processing, automating workflows that adhere to your tailored risk-based thresholds.
Get started with RelyComply
Secure flawless transaction screening
Achieve a 99.9% detection rate for high-risk transactions.
Remove inefficiencies
With fewer false positives and 80% of manual tasks automated, pointless investigations into low-risk payments are minimised.
Get deeper context
RelyComply provides targeted screening of payment message fields to clear clean transactions.
Fast-track trusted payments
Create a list of legitimate individuals and businesses with whitelisting options for speedier AML compliance.
Quick AML insights
Post-greylisting progress: is South Africa ready for FATF’s on-site visit?
Since being greylisted by the Financial Action Task Force (FATF) for quite some time, South Africa is close to an audit of its well-deserved delisting effort. The operative term here is ‘audit’; the first step toward greylisting removal is an inspection to deem the effectiveness of anti-money laundering (AML) and counter-terrorist financing (CTF) measures – … Continued
How dirty money still flows through banks despite AML regulations
Money laundering remains one of the world’s most pervasive financial crimes, hiding in plain sight despite decades of anti-money laundering (AML) regulations. Popular culture may dramatise embezzled funds on TV, but the reality is far worse: an estimated $5 trillion is laundered through the world’s banks every year. While the numbers are staggering, they don’t … Continued
Operational efficiency at scale: lessons for fintechs
The introduction of fintech – an umbrella term for a range of payments providers, lenders, non-banking services, and more – has seen a proliferation of accessible finance in local and global markets. Fintech has created a whole new market, rocking the status quo of the financial space. Fintech’s continuing uptake has meant dominant financial institutions … Continued