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Lithuanian RegTech AMLYZE partners with an identity verification provider from the UK to enhance AML Services

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AMLYZE, a Vilnius-based RegTech startup specializing in anti-financial crime solutions, has partnered with Shufti Pro, an identity verification service provider, to enhance AML and KYC services for their clients. This collaboration combines AMLYZE’s expertise in transaction monitoring and sanctions screening with Shufti Pro’s advanced compliance and identity verification technologies, offering clients seamless identity verification, comprehensive KYC/KYB solutions, global reach, and enhanced efficiency. The partnership aims to strengthen AML services, support international expansion, and improve the security of financial operations.

Through this strategic partnership, AMLYZE and Shufti Pro aim to offer clients a range of compelling benefits. Clients of AMLYZE will now have access to a seamless and robust identity verification process, leveraging Shufti Pro’s state-of-the-art technology. This enhancement will enable AMLYZE’s customers to ensure the authenticity of their clients, reduce the risk of fraud, and improve overall compliance efforts. Moreover, the partnership will result in comprehensive KYC/KYB solutions, as Shufti Pro will integrate AMLYZE’s key modules, streamlining customer onboarding and risk assessment processes. The global reach of Shufti Pro means AMLYZE can provide identity verification and background checks for individuals and businesses worldwide, facilitating international expansion and compliance with diverse regulatory requirements. This collaboration will ultimately lead to improved operational efficiency, quicker onboarding, and enhanced customer experiences, ultimately reducing operational costs for AMLYZE clients.

AMLYZE is a RegTech (Regulatory Technology) company that specializes in providing anti-financial crime solutions for various financial service providers. Their offerings include real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT (Anti-Money Laundering/Counter Financing of Terrorism) investigations, as well as screening for sanctions, PEPs (Politically Exposed Persons), and adverse media. These services are developed by a team of experts with experience in financial regulation and compliance, including former regulators. AMLYZE’s solutions are designed to streamline and enhance AML/CFT and compliance processes, making them more efficient and effective in preventing financial crimes such as money laundering and terrorist financing.

Jekaterina Govina, Head of Partnerships & Regulatory Affairs and Co-Founder of AMLYZE, said, “We are excited to partner with Shufti Pro, one of the leaders in the identity verification and KYC industry. This collaboration allows us to enhance our AML services significantly and provide our clients with a holistic approach to compliance. We are sure this will support our planned international expansion and ensure that our customers have access to the most advanced solutions to combat financial crime and ensure the security of their operations.”

Shufti Pro is an identity verification service provider that offers comprehensive solutions for identity verification and compliance. Their services include KYC (Know Your Customer), KYB (Know Your Business), KYI (Know Your Investor), AML (Anti-Money Laundering) screening, e-IDV (Electronic Identity Verification), and OCR (Optical Character Recognition). Shufti Pro assists businesses worldwide in verifying the identities of individuals and entities, ensuring regulatory compliance, preventing fraud, and enabling secure and efficient customer onboarding and transactions.

“Shufti Pro aims to eradicate identity scams from the Fintech industry, and partnership with AMLYZE is a step towards that goal. Our services will drive trust in the industry, ensuring secure customer onboarding whilst enhancing AMLYZE’s AML screening processes. Shufti Pro will continue to work further in the future, enabling Fintech businesses to deter fraud through our state-of-the-art IDV solutions,” said Victor Fredung, CEO of Shufti Pro.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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