KREDA Group – Transforming AML Compliance Across Its Credit Union Network

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KREDA Group – Transforming AML Compliance Across Its Credit Union Network

Learn how our most successful customers are modernizing compliance and fighting financial crime with AMLYZE.

Industry: Credit Unions

Use Case Type: Main AML/CFT platform across the entire organization

Modules Used: Transaction Monitoring, Customer Risk Assessment, AML Investigations, Customer Screening, Payment Screening

United Central Credit Union (Lith. Jungtinė centrinė kredito unija, JCKU) is a central credit union in Lithuania managing the KREDA Group, which unites 15 credit unions with long-standing experience. Founded in 2018, the institution oversees liquidity, solvency, and risk management within the group, under the supervision of the Bank of Lithuania. As of 2024, KREDA managed € 559.3 million in assets and held a 33.7% market share among Lithuanian credit unions.

Challenge

As the coordinating body for 15 credit unions, KREDA operates in a highly regulated environment where adapting quickly to new AML/CFT requirements is critical. Daily operations involve managing vast amounts of sensitive data to assess customer risk, monitor transactions, check sanctions lists, and identify politically exposed persons (PEPs).

KREDA’s mission is to bring financial solutions to every client’s needs, focusing on innovative and automated solutions that help avoid manual work and ensure fast, efficient operations

KREDA needed a future-proof solution to:

  • Automate routine but critical compliance functions
  • Reduce dependence on manual interventions
  • Enable group-wide visibility and consistency
  • Support data-driven, risk-based decision-making

Solution

KREDA implemented all five key AMLYZE modules – Transaction Monitoring, Customer Risk Assessment, AML Investigations, Customer Screening, and Payment Screening – to streamline its AML/CFT operations.

The deployment also included AMLYZE’s new multi-layer transaction monitoring solution, designed specifically for institutions operating on a Banking-as-a-Service (BaaS) model or across multiple entities. AMLYZE’s team of former regulators worked closely with KREDA to align the platform with both regulatory expectations and internal workflows.

The result is a comprehensive, user-friendly system that delivers:

  • Real-time monitoring and alerting
  • Centralized case and risk management
  • Automated sanctions and PEP checks
  • Flexible reporting for both local credit unions and central oversight

AMLYZE is a reliable system for all AML needs – clear, efficient, and all in one place.
– Simona Predko, Senior Compliance Officer / MLRO at KREDA

Result

Since deploying AMLYZE, KREDA’s compliance efficiency and precision have improved significantly. Automation has accelerated daily tasks, improved accuracy in decision-making, and enabled a consistent compliance approach across group credit unions.

Key improvements include:

  • Faster detection of suspicious activity
  • Reduced manual work for compliance teams
  • Improved accuracy in sanctions and PEP screening
  • Greater visibility and control across the entire group

KREDA now operates with a centralized AML/CFT platform that supports sustainable growth, regulatory agility, and operational excellence.

We sought a platform that could match our ambition and scale with us. AMLYZE provided everything in one place – from customer risk assessment to sanctions screening – designed specifically for the daily realities of compliance teams.

Simona Predko, Senior Compliance Officer / MLRO at KREDA

👉 Discover how AMLYZE can transform compliance in your institution – Get a demo.

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