AML Factory offers an integrated platform that automates and streamlines Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) compliance workflows. Its AI-powered system enhances risk profiling and transaction monitoring to ensure continuous regulatory adherence for financial institutions.
Funding
Funding not disclosed
Founders
Product
Problem
Organizations face significant challenges in meeting Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) regulatory obligations. Ensuring continuous compliance, accurately profiling customer risk, and effectively monitoring for suspicious transactions requires robust operational processes and advanced analytical capabilities.
Solution
AML Factory provides an integrated platform designed to streamline and automate compliance workflows for LCB-FT (Lutte contre le blanchiment de capitaux et le financement du terrorisme) regulations. The platform combines human expertise with artificial intelligence to manage the entire operational chain for compliance, KYC/KYB processes, and transaction monitoring. It leverages advanced algorithms for risk profiling and anomaly detection to ensure continuous adherence to regulatory requirements. Additionally, AML Factory offers comprehensive training through its AML Academy to enhance team expertise in AML/CFT matters.
Target Audience
The primary target audience includes financial institutions, compliance officers, risk managers, and legal departments responsible for adhering to AML/CFT regulations.
Features
- Integrated platform for managing LCB-FT regulatory obligations, encompassing compliance, KYC/KYB, and Transaction Monitoring (TMS).
- AI-powered algorithms for customer risk profiling, anomaly detection, and continuous compliance assessment.
- Automated operational workflows for KYC/KYB dossier creation, management, and ongoing vigilance.
- Real-time transaction monitoring with a library of configurable regulatory scenarios to detect fraudulent activities.
- Collaborative case management system for processing, escalating, and closing alerts.
- AML Academy offering certified training programs on LCB-FT, including e-learning and in-person options, with Qualiopi certification.
- Digitalized standards for KYC, KYT, and Governance, with automated propagation of internal norms into analytical engines.
- Regulatory watch services, including classic and augmented components, to keep clients informed of changes.
- Dashboard and reporting tools providing insights into compliance status, risk exposure, and operational performance.