Company Research Report: ComplyAdvantage

Company Overview

Name

ComplyAdvantage

Mission of the Company

ComplyAdvantage's mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crimes.

Founding

Founded in 2014 by Charles Delingpole.

Key People in the Company

Charles Delingpole: Founder & Executive Chairman

Vatsa Narasimha: Chief Executive Officer

Nabeel Vilcassim: Chief Financial Officer

Oliver Furniss: Chief Product Officer

Mark Watson: Chief Technology Officer

Elizabeth Bramlage: Chief Marketing Officer

Paul Kizakevich: Chief Revenue Officer

Paul Huston: VP of Product

Rob Dickinson: VP of Operations

Headquarters

London, United Kingdom

Number of Employees

No information is available

Revenue

No information is available

Known for

ComplyAdvantage is known for being the financial industry’s leading source of AI-driven financial crime risk data and fraud detection technology.

Products

List of Products Offered

1. ComplyAdvantage Mesh
2. Customer Screening
3. Company Screening
4. Ongoing Monitoring
5. Transaction Monitoring
6. Payment Screening
7. Fraud Detection
8. Fincrime Risk Intelligence
9. Sanctions & Watchlists
10. PEPs & RCAs
11. Adverse Media
12. ComplyTry
13. ComplyLaunch

High-Level Description of the Products

ComplyAdvantage Mesh

A centralized integration platform for all compliances services.

Customer Screening

Service to screen customers for compliance risks.

Company Screening

Service to screen companies for compliance risks.

Ongoing Monitoring

Ongoing monitoring of clients’ compliance status.

Transaction Monitoring

Monitor hundreds of transaction typologies and trends to detect suspicious activities.

Payment Screening

Screen and monitor payment transactions for risks.

Fraud Detection

AI-powered solution to detect and prevent transaction-related fraud.

Fincrime Risk Intelligence

A comprehensive database of financial crime risk data.

Sanctions & Watchlists

Up-to-date sanctions and watchlists monitoring.

PEPs & RCAs

Services to monitor politically exposed persons and relatives/close associates.

Adverse Media

Screening for negative news about clients.

ComplyTry / ComplyLaunch

Solutions catered to different stages of company growth for compliance needs.

Key Features of Each Product

Customer Screening: Customer risk assessment, real-time monitoring, automated workflow integrations.

Company Screening: Comprehensive company background checks, automated compliance checks.

Ongoing Monitoring: Continuous compliance checks, real-time alerts.

Transaction Monitoring: Advanced transaction monitoring for suspicious activities, customization of rules and thresholds, enhanced customer risk profiling.

Payment Screening: Real-time payment fraud detection and monitoring.

Fraud Detection: Machine learning algorithms, detection of payment fraud scenarios such as account take over, authorized push payment fraud, synthetic identity, and relationship fraud.

Fincrime Risk Intelligence: Wide coverage of risk sectors, real-time updates.

Sanctions & Watchlists: Continuous updates, global coverage.

PEPs & RCAs: Extensive PEPs database, real-time updates.

Adverse Media: Natural language processing to detect negative news, extensive media coverage.

ComplyTry / ComplyLaunch: Scalable solutions, easy integration for start-up to mature companies.

Recent Developments

Launch of New Products

Fraud Detection Powered by AI: Launched in May 2023, comprises machine learning algorithms to detect and prevent transaction-related fraud.

Recent Features

Uses algorithms to detect "unknown unknowns" and flag suspicious transactions.

Combines monetary and non-monetary events with natural language processing for thorough fraud detection.

New Partnerships

AWS ISV Accelerate Program: ComplyAdvantage joined the AWS ISV Accelerate Program and AWS Marketplace to enhance services scalability and reliability.