Amlyze has partnered with third generation digital banking solution provider Plumery to transform the landscape of financial technology.
Based in Lithuania, Amlyze is a software-as-a-service (SaaS) RegTech that offers a portfolio of anti-financial crime solutions for all types of financial services providers.
The firm has expertise in real-time and retrospective transaction monitoring, anti-money laundering/countering the financing of terrorism (AML/CFT) investigations, client risk scoring and PEP, sanctions, and adverse media screening stands.
Amlyze co-founder and partnerships and regulatory affairs head Jekaterina Govina said: “This partnership is a testament to our shared commitment to innovation and efficiency in the financial technology landscape.
“The collaboration between our powerful anti-financial crime solutions and Plumery’s mission to deliver exceptional digital banking experiences will set a new standard in the industry.”
By combining Plumery’s customer-focused and flexible digital banking solutions with Amlyze’s anti-financial crime technology, financial institutions are expected to satisfy regulatory standards.
The partnership will also enable financial institutions to offer clients smooth and user-friendly experiences.
Plumery founder and CEO Ben Goldin said: “This partnership represents a turning point in the evolution of digital banking.
“By combining Amlyze’s expertise in regulatory compliance with our innovative digital banking approach, we aim to empower financial institutions to reach new heights in customer satisfaction and operational excellence.”
Plumery offers a software overlay to legacy banking architecture to allow banks to expedite the development and deployment of mobile and web applications. The company raised $4.5m in a seed round in April this year.
The round was led by Headline, Better Tomorrow Ventures, Seedcamp, and Cocoa Ventures, along with business angels Didier Valet, former deputy CEO of Société Générale, former McKinsey senior partner Alan Morgan, and Tandem Bank founder Ricky Knox.
