First AML provides a cloud‑based platform that consolidates AML, KYC, and KYB processes into a single suite, automating data collection from over 300 corporate registries and real‑time screening against 1,100+ PEP and sanctions lists. The solution delivers unified risk scores, interactive visualisation of complex ownership structures, biometric identity verification, and anti‑fraud signals, all accessible via API integration and case‑management tools for banks, fintechs, and other regulated enterprises.
Funding
$21M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
4OFounders
Product
Problem
Financial institutions and regulated businesses often rely on multiple disparate AML, KYC, and KYB tools, leading to fragmented workflows, manual data collection, and delayed risk assessments. This complexity increases operational costs and the likelihood of compliance gaps.
Solution
First AML offers a single cloud‑based platform that consolidates AML, KYC, and KYB functionalities into an integrated suite. The system automates data and document collection from over 300 corporate registries, applies real‑time PEP and sanctions screening against 1,100+ lists, and generates risk scores that combine screening results with customizable compliance rules. Users can visualize complex ownership structures and UBO relationships with a click, while biometric verification provides 96%+ accuracy for individual identity checks. Anti‑fraud signals such as device intelligence and geolocation are incorporated to detect tampering. The platform includes case management tools, audit reporting, and API integrations that allow deployment within existing workflows and third‑party systems.
Target Audience
Primary customers are banks, fintech firms, and other regulated enterprises that need to streamline AML, KYC, and KYB processes across multiple jurisdictions.
Features
- Automated ingestion of corporate data and documents from 300+ global registries
- Real‑time PEP, sanctions, and adverse media screening with customizable risk appetite thresholds
- Unified risk assessment dashboard that combines screening results, scoring, and compliance rule enforcement
- Interactive UBO visualization that maps complex ownership structures instantly
- Biometric identity verification achieving 96%+ accuracy for individuals
- Anti‑fraud detection using device intelligence, geolocation, and tamper‑resistant signals
- Case management workflow supporting 200+ complex AML cases per analyst per month
- API and integration layer for embedding the platform into existing systems and improving user adoption