AMLYZE launches a new version of core product

April 04, 2023

AMLYZE, a fast-developing RegTech that helps fintechs, crypto businesses, banks, and other regulated entities to fight against financial crime, has launched a new version of its core product dedicated to transaction monitoring, client risk-scoring and case management for successful AML-related processes.

The first two customers have already successfully migrated to the new platform and the rest will be onboarded by the end of the second quarter of this year. 

The new, completely redesigned application is based on UI/UX best practices and has been completely rebuilt from the technical side, including a new API version, resulting in faster response times, greater stability and less human resource-demanding from the customer side.

A new technology stack has been used to completely redesign the rules and scenario engine, making it more stable and up to 22 times faster, with new and more flexible customisation options.

Gabrielius Bilkštys, CEO and co-founder of AMLYZE, said: “We are pleased to announce the launch of the new version of our product. It is a long-awaited milestone of very intensive work of our new IT team, and I personally believe that it will greatly contribute to the success of our current and future clients. Regulatory requirements for anti-money laundering are increasing all around the world, and that’s why our Software-as-a-Service (SaaS) tool will play an increasingly important role in successful compliance, not only for fintechs, but also for a wide range of businesses, related to risk assessment and transaction monitoring”.

Aleksandr Lazutkin, Chief Product Officer of AMLYZE, added: “We are listening to our customers and will continue to enhance and add features that will help our customers more efficiently manage their day-to-day compliance and transaction monitoring needs.”

AMLYZE’s core products are now transaction monitoring, customer risk assessment and case management, which will be complemented by an advanced back-testing, perpetual KYC modules, a quality assurance workspace and other features.

About the company

AMLYZE is a Lithuanian-based Software-as-a-Service (SaaS) anti FinCrime solution offering various modules for real-time and retrospective transaction monitoring, customer risk scoring, case management, and sanctions screening.

The company has put together a team of experts with extensive experience in anti-money laundering, financial fraud prevention, and financial market supervision, including Jekaterina Govina, former Head of the Financial Market Supervision Service at the Bank of Lithuania,  Mindaugas Petrauskas, former supervisor of Financial Intelligence Unit (FIU) of Lithuania or Eglė Kontautaitė, former Head of the Money Laundering Prevention Division at the Bank of Lithuania.

The company has been incorporated since 2019, and has started enriching its product offering in the autumn of 2022. Through technology solutions, AMLYZE minimizes manual work and tasks in the area of AML/CFT and compliance, bringing them to a whole new level of effectiveness.

AMLYZE won the “Enabler of the Year” award at this year’s Lithuanian FinTech Market Awards, and in March this year, MasterCard, the global operator of payment systems, selected AMLYZE as the only representative of the Lithuanian startup ecosystem to participate in a special FinTech programme together with 15 other Fintech startups from Norway, Denmark and Estonia.

For more information, visit the website and LinkedIn page.

About the author

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


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