AMLYZE and Satchel are joining forces

Author
AMLYZE
Published
January 22, 2024
Amlyze and Satchel

Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a top-tier regtech company specializing in anti-money laundering and financial fraud prevention.

Satchel’s strong commitment to delivering cutting-edge banking services, underscored by a robust emphasis on regulatory compliance and client security, seamlessly aligns with AMLYZE’s expertise. As a rapidly expanding fintech company, Satchel consistently integrates modern tools to optimize workflows and boost productivity while ensuring strict compliance with applicable regulatory requirements.

Known for having assembled a team of experts with experience in various EU regulatory and supervisory authorities, as well as major financial institutions, AMLYZE offers a comprehensive suite of tools for onboarding automation, risk scoring, and AML risk assessment. These modules cover real-time and retrospective transaction monitoring, AML/CFT investigation, and sanctions screening, providing a holistic approach to compliance.

“Maintaining robust AML standards is essential to us at Satchel, so we choose our partners carefully. Collaborating with AMLYZE reinforces our commitment to regulatory compliance,” said Martynas Jakutis, Head of AML/CTF Compliance at Satchel. “Their expertise in risk assessment and financial crime prevention aligns perfectly with our goals, while the customization options ensure a tailored approach to meet our unique requirements.”

Gabrielius Bilkštys, CEO and founder at AMLYZE added: “We are truly excited to join forces with Satchel. Their remarkable upward trajectory and customer base expansion are truly noteworthy. Managing such rapid growth demands not only increased resources but also elevated diligence in AML efforts. We are confident that our collaboration will not only fortify Satchel’s continued success but also reinforce our shared commitment to elevating digital banking compliance standards.”

With this partnership, Satchel and AMLYZE aim to establish new benchmarks in digital banking compliance, reshaping the landscape of the financial technology sector.

About Satchel:

Established in 2018, Satchel.eu is one of the fastest-growing European EMI companies based in Lithuania.

Satchel offers secure, user-friendly financial tools for digital banking, including international money transfers, fintech consulting, BaaS, SaaS, currency exchange, and card services.

Satchel is the first Lithuanian EMI to achieve principal membership status with Mastercard Europe for card issuance.

For more information, visit the Satchel website, Linkedin and X page.

About AMLYZE:

AMLYZE is a Software-as-a-Service (SaaS) RegTech offering a suite of anti-financial crime solutions for all types of financial services providers.

Comprehensive modules include real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT investigations, PEP, sanctions, and adverse media screening.

The company’s products have been developed by a team of AML experts and former regulators leveraging an extensive experience in supervising financial institutions while working with central banks and law enforcement agencies.

For more information, visit the  AMLYZE website, Linkedin and X page.

About the author

Author
AMLYZE
AMLYZE is a fully automated service created for the financial sector and businesses that are obliged to comply with AML/CFT regulations.

Related

Empower your compliance

Let us know how we can help

    Fill in the form bellow to contact us



    Why request a demo?

    It doesn’t matter whether you are interested in a complete end-to-end AML/CFT solution or just a single module from our range. We can help.

    Experience up to a 62% reduction in false positives

    Benefit from a library of over 100 risk rules

    Complete investigations in 3x less time than manually

    Save up to 3 hours per STRs/SARs filing

    Access a library of over 200 pre-defined scenarios