About CleverChain

CleverChain develops an anti-money laundering automation platform that utilizes real-time global intelligence to enhance compliance processes for financial institutions, fintechs, and crypto asset companies. By automating due diligence and ongoing monitoring, the platform significantly reduces manual effort and minimizes the risk of regulatory fines.

<problem> Financial institutions, fintech companies, and crypto asset firms face increasing challenges in complying with anti-money laundering (AML) regulations, often relying on manual processes that are time-consuming and prone to errors. Traditional methods struggle to keep pace with the evolving sophistication of financial crime, leading to potential regulatory fines and reputational damage. </problem> <solution> CleverChain offers an AML automation platform that transforms data into real-time global intelligence, enhancing compliance processes and minimizing the risk of regulatory penalties. The platform aggregates, connects, and interprets diverse data points to deliver actionable intelligence for due diligence, ethical checks, onboarding, ongoing monitoring, and global risk assessments of individuals, businesses, and digital wallets. By contextualizing new information with internal and external intelligence, CleverChain enables a dynamic and proactive approach to risk management, fostering a cultural shift towards swift detection, assessment, and management of emerging risks. The platform's modular design and AI-powered capabilities streamline compliance activities, improve customer experience, and increase conversion rates. </solution> <features> - Real-time global intelligence platform for AML compliance - Automated due diligence, ethical checks, and ongoing monitoring - Aggregation and connection of diverse data points for comprehensive risk assessment - Contextualization of data with internal and external intelligence sources - AI-powered compliance expert ("Kira") for actionable insights and policy evaluation - Modular AML engineering platform for scalable automation - Support for both fiat and crypto spaces with bank-grade data sources - Integration with existing systems to redefine customer journeys and scale monitoring </features> <target_audience> The primary target audience includes financial institutions, fintech companies, and crypto asset firms seeking to automate and enhance their AML compliance processes. </target_audience> <revenue_model> CleverChain estimates that its solutions deliver 72% efficiency gains and 3.6x productivity gains on average. </revenue_model>

What does CleverChain do?

Where is CleverChain located?

CleverChain is based in London, United Kingdom.

When was CleverChain founded?

CleverChain was founded in 2021.

Location

London, United Kingdom

Founded

2021

Employees

13 employees

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CleverChain

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Executive Summary

cleverchain.ai 700+

Founded 2021 – London, United Kingdom

Funding

No funding information available.

Team (10+)

No team information available.

Company Description

Problem

Financial institutions, fintech companies, and crypto asset firms face increasing challenges in complying with anti-money laundering (AML) regulations, often relying on manual processes that are time-consuming and prone to errors. Traditional methods struggle to keep pace with the evolving sophistication of financial crime, leading to potential regulatory fines and reputational damage.

Solution

CleverChain offers an AML automation platform that transforms data into real-time global intelligence, enhancing compliance processes and minimizing the risk of regulatory penalties. The platform aggregates, connects, and interprets diverse data points to deliver actionable intelligence for due diligence, ethical checks, onboarding, ongoing monitoring, and global risk assessments of individuals, businesses, and digital wallets. By contextualizing new information with internal and external intelligence, CleverChain enables a dynamic and proactive approach to risk management, fostering a cultural shift towards swift detection, assessment, and management of emerging risks. The platform's modular design and AI-powered capabilities streamline compliance activities, improve customer experience, and increase conversion rates.

Features

Real-time global intelligence platform for AML compliance

Automated due diligence, ethical checks, and ongoing monitoring

Aggregation and connection of diverse data points for comprehensive risk assessment

Contextualization of data with internal and external intelligence sources

AI-powered compliance expert ("Kira") for actionable insights and policy evaluation

Modular AML engineering platform for scalable automation

Support for both fiat and crypto spaces with bank-grade data sources

Integration with existing systems to redefine customer journeys and scale monitoring

Target Audience

The primary target audience includes financial institutions, fintech companies, and crypto asset firms seeking to automate and enhance their AML compliance processes.

Revenue Model

CleverChain estimates that its solutions deliver 72% efficiency gains and 3.6x productivity gains on average.