How Neo Finance Strengthened AML Operations with AMLYZE

Learn how Neo Finance improved the speed and effectiveness of transaction monitoring, sanctions screening, and customer risk assessment by implementing AMLYZE’s full-suite AML/CFT platform.

Industry: Fintech / Peer-to-Peer Lending / Electronic Money Institution

Use Case Type: Implementation of AML/CFT compliance modules

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

About Neo Finance

Neo Finance is one of Lithuania’s most established fintech companies, offering peer-to-peer lending and investment services. It was the first Lithuanian P2P platform operator to obtain an unlimited electronic money institution (EMI) licence, enabling it to operate across the European Union. The company is supervised by the Bank of Lithuania, and client funds are held in segregated accounts, helping ensure a high level of security and trust.

Neo Finance offers investors access to consumer lending opportunities, personal IBAN accounts, and a proprietary in-house built platform developed by experienced IT and banking professionals. Operating in a regulated and fast-moving environment, the company requires AML/CFT processes that are both robust and efficient.

Challenge

As a licensed and supervised financial institution, Neo Finance needed AML operations that could support its business model and regulatory obligations across key compliance areas, including transaction monitoring, sanctions screening, customer risk assessment, and investigations.

The company was looking for a solution that could improve operational speed and effectiveness while also providing a strong rules framework, intuitive usability, and expert support that could quickly adapt to its needs.

Why AMLYZE

Neo Finance chose AMLYZE for its combination of practical AML/CFT expertise, responsive collaboration, and a platform that was easy for the team to adopt.

As one of the very first users of AMLYZE, NEO Finance has seen a substantial improvement in the speed and effectiveness of our transaction monitoring, sanctions screening and customer risk assessment processes.”
– Lukas Pankratovas, MLRO at Neo Finance

The team at Neo Finance also valued AMLYZE’s regulatory background and ability to understand compliance needs in depth.

We consider AMLYZE a highly capable AML technology provider. Many of their experts come from regulatory backgrounds, giving them deep, hands-on understanding of AML/CFT and allowing them to adapt to our needs remarkably quickly.
– Lukas Pankratovas

Implementation

Neo Finance implemented AMLYZE across its AML/CFT operations, using the full suite of modules. The onboarding process was fast, and the platform proved intuitive from the start, enabling the team to begin working efficiently without lengthy adoption cycles.

The platform itself is intuitive, onboarding was fast, and their support team is exceptionally responsive.
– Lukas Pankratovas

Results

Since implementing AMLYZE, Neo Finance has seen clear improvements in the speed and effectiveness of its AML processes, particularly in transaction monitoring, sanctions screening, and customer risk assessment.

The company also highlights the value of AMLYZE’s rules library, which helped further reinforce its internal AML controls.

We are also very satisfied with the rules available in their library – they are well-structured, relevant, and impactful, helping us further strengthen our AML controls.
– Lukas Pankratovas

In day-to-day operations, Neo Finance has also benefited from AMLYZE’s highly responsive support.

Whenever we encounter a case or have a question, they are always ready to assist.
– Lukas Pankratovas

Experience

For Neo Finance, AMLYZE is more than a technology provider. It is a capable and reliable partner that combines regulatory understanding, responsive support, and an intuitive platform to help strengthen compliance operations.

In One Sentence

A highly capable AML technology partner that helped us improve the speed, effectiveness, and strength of our AML controls.

– Lukas Pankratovas, MLRO at Neo Finance

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