IntelleWings provides an AI-powered AML/CFT compliance solution that includes real-time PEP screening, sanctions screening, and transaction monitoring using a global database of over 5,000 sources. The platform enables businesses to efficiently detect and prevent money laundering activities while reducing false positives and streamlining customer due diligence processes.
Funding
$790K 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.
Founders
Product
Problem
Financial institutions face increasing pressure to detect and prevent money laundering and terrorist financing, requiring them to screen customers and monitor transactions against global databases. Traditional AML/CFT compliance processes are often manual, inefficient, and prone to errors, leading to regulatory fines and reputational damage.
Solution
IntelleWings provides an AI-powered AML/CFT compliance solution designed to streamline customer due diligence and transaction monitoring. The platform leverages a proprietary global database, updated daily from over 5,000 sources, to provide real-time PEP (Politically Exposed Persons) and sanctions screening. By using AI and machine learning, IntelleWings reduces false positives and improves the accuracy of detecting suspicious activities. The solution offers automated reporting, configurable patterns, and a case manager to simplify AML workflows and ensure regulatory compliance.
Target Audience
The primary target audience includes banks, insurance companies, e-commerce businesses, Non-Banking Financial Companies (NBFCs), real estate firms, auditors, jewelers, trading companies, and brokerage firms.
Features
- Real-time PEP screening using a global database with over 1,100 government sources, covering all PEP levels and relatives/close associates
- Sanctions screening against 100+ sanction lists with automated reports and optimized settings
- Adverse media screening from 5,000+ sources tracked daily, powered by AI/ML technology
- Transaction monitoring through a rule engine with AI-based threshold tuning to reduce false positives
- AMLCheck for real-time AML screening with easy navigation and accurate data via API integration
- Configurable patterns and verified sources for accurate and reliable data
- Automated reports, including Suspicious Transaction Reports (STR) and Cross-Border Wire Transfers (CBWT)
- Case manager for efficient handling of alerts and investigations