LexTego provides a real-time transaction monitoring system that utilizes automated compliance processes to detect fraud and anti-money laundering activities. The platform enables financial service providers to efficiently manage risk and regulatory compliance while minimizing operational costs.
Funding
Funding not disclosed
Founders
Product
Problem
Financial service providers face increasing challenges in combating fraud and anti-money laundering (AML) activities due to the complexity and volume of transactions. Traditional compliance processes often rely on manual reviews and legacy systems, leading to inefficiencies, increased operational costs, and potential regulatory breaches. This makes it difficult for businesses, especially FinTechs with limited technical resources, to effectively manage risk and stay ahead of evolving financial crime trends.
Solution
LexTego offers a real-time transaction monitoring system designed to automate and streamline compliance processes for financial service providers. The platform, comprised of Polly, Emma, and Cindy, enables businesses to build and manage policies, monitor events in real-time, and conduct in-depth investigations of suspicious activity. By providing a customizable and scalable solution, LexTego empowers compliance teams to proactively identify and mitigate financial crime risks, reduce operational costs, and maintain regulatory compliance. The system is designed to be user-friendly, allowing compliance teams to manage the platform without extensive developer involvement.
Target Audience
LexTego primarily serves compliance professionals in FinTechs and other regulated entities in the payments space, particularly those with limited access to technical resources, operating in Europe, Latin America, and Africa.
Features
- **Polly:** A drag-and-drop interface for building and managing compliance policies and controls.
- **Emma:** Real-time event monitoring and management to detect suspicious activity and trigger automated workflows.
- **Cindy:** A case management tool for conducting in-depth investigations and securely sharing information with relevant parties.
- Customizable typologies and rules to address specific financial crime risks.
- Scalable architecture to handle transaction volumes ranging from a few transactions per day to thousands per second.
- Self-hosted deployment option for enhanced data security and control.
- Starter pack of pre-built rules and typologies to accelerate implementation.