AMLYZE and TransactionLink Unite to Transform AML/KYC Compliance
In a dynamic world driven by technological innovation, collaboration between companies often catalyses groundbreaking developments. AMLYZE, a Lithuanian-based regulatory technology (RegTech) firm, and TransactionLink, a Berlin-based no-code platform, have recently embarked on a partnership aimed at transforming the landscape of Anti-Money Laundering (AML) and Know Your Customer (KYC) automation. This strategic alliance promises to provide businesses unparalleled solutions to streamline compliance processes, enhance security, and ensure regulatory adherence.
The partnership between AMLYZE and TransactionLink signifies a significant step in simplifying and improving AML/KYC procedures for businesses, particularly in the financial sector. By combining AMLYZE’s regulatory expertise with TransactionLink’s flexible platform, clients can access a holistic, user-centric approach to managing regulatory compliance.
Key Collaborations
This partnership is not the first forAMLYZE, as they have recently expanded their reach. In December 2023, AMLYZE joined forces withViena Saskaita, a Lithuanian company, to provide money laundering prevention and compliance services. This partnership aimed to optimise security and streamline compliance for Viena Saskaita’s customers while ensuring adherence to compliance standards.
In November 2023,AMLYZE collaborated withPlumery to integrate anti-financial crime technology with Plumery’s digital banking service. The goal was to help financial institutions meet regulatory requirements and provide simple, secure, and user-friendly experiences for their customers.
Looking Ahead
Staying ahead of financial crime and regulatory challenges is paramount for businesses as technology evolves. The collaboration between AMLYZE and TransactionLink represents a forward-looking approach to AML/KYC automation, where innovation and user-centric solutions take centre stage.
Jekaterina Govina, Head of Partnerships and Regulatory Affairs at AMLYZE, expressed her enthusiasm for the partnership, highlighting its potential for clients. She noted, “This collaboration will allow us to provide our clients with an unparalleled AML/KYC automation solution. Transaction Link’s no-code platform is a game-changer, enabling businesses to adapt their AML processes to their specific needs, all within a secure and compliant framework.”
TransactionLink’s CEO and founder, Mateusz Pniewski, echoed this sentiment, emphasising the alignment of their missions to simplify and democratise the AML/KYC compliance process. He described AMLYZE as the ideal partner due to its industry reputation and expertise in RegTech.
In conclusion, the partnership between AMLYZE and TransactionLink represents a pivotal moment in AML/KYC automation. By combining expertise, innovation, and a user-centric approach, they are set to reshape the compliance landscape and empower businesses to tackle financial crime and regulatory challenges head-on. As technology advances, collaborations like these will undoubtedly play a vital role in shaping the financial sector’s future of compliance and security.
About AMLYZE
AMLYZE is a Software-as-a-Service (SaaS) provider founded by experts with experience regulating financial institutions. Specialising in combating financial crime, AMLYZE offers a comprehensive suite of solutions encompassing real-time and retrospective transaction monitoring, client risk scoring, AML/CFT investigations, PEP, sanctions, and adverse media screening. Their track record in the industry makes them a trusted partner in RegTech.
About TransactionLink
TransactionLink, previously known for its open banking services, has built its reputation on providing innovative solutions for financial institutions. With the launch of their drag-and-drop builder, they have disrupted how businesses handle AML/KYC compliance. This no-code platform empowers companies to design their onboarding processes tailored to their specific needs, putting them in control of KYC data collection and verification. The result is a simplified, efficient, and highly secure compliance process.
