How Vinted Pay Streamlined AML Compliance with AMLYZE

Learn how Vinted Pay enhances compliance efficiency and reduces manual workload with AMLYZE.

Industry: Fintech – Electronic Money Institution (Marketplace Payments)

Use Case Type: Implementation of AML/CFT compliance modules

Modules used: Transaction Monitoring (real-time & retrospective), Customer Risk Assessment, Customer Screening, AML Investigations

About Vinted Pay

Vinted Pay is the licensed electronic money institution (EMI) powering payments for Vinted, Europe’s largest marketplace for secondhand fashion and a household name in sustainable e-commerce.

Headquartered in Vilnius, Lithuania, Vinted has grown into a unicorn valued at €5 billion, following a €340 million funding round in 2024. The platform connects over 100 million registered users across 20+ markets, enabling secure, seamless transactions between buyers and sellers.

As the payment arm of the marketplace, Vinted Pay plays a crucial role in ensuring trust, security, and compliance across millions of peer-to-peer transactions every day.

Challenge

Operating as the financial backbone of Europe’s largest secondhand marketplace comes with complex compliance demands.

As a marketplace payment provider, we face various risks – fraud, money laundering, terrorist financing, sanctions. We combat these risks using AMLYZE, which automates the evaluation of customers and transactions to reduce false positive rates and enhance our framework overall.”
– Simonas Jončiulis, Manager of Transaction Monitoring Department, MLRO, at Vinted

Vinted Pay needed a single, unified AML/CFT platform that could scale with its user base and operational growth while minimizing manual processes.

We wanted to avoid using multiple tools because it’s time-consuming and difficult to manage. AMLYZE covered all our requirements under one solution.
– Simonas Jončiulis

Why AMLYZE

Several factors made AMLYZE stand out for Vinted Pay – its powerful automation, customization flexibility, and exceptionally low false positive rate.

We were really impressed by AMLYZE’s sanction screening mechanism and its lower than 1% false positive rate. That’s extremely important when dealing with a customer base of our size.
– Simonas Jončiulis

Another key differentiator was AMLYZE’s ability to adapt quickly to Vinted Pay’s specific business rules and complex payment flows.

We provide payment services for a marketplace, which means we have very specific business rules. I was impressed that AMLYZE was able to implement those rules very quickly.
– Simonas Jončiulis

The Customer Success team also played a critical role during onboarding and day-to-day operations.

AMLYZE’s Customer Success team combines both technical and regulatory expertise, so they can help us not only with technical questions but also with compliance-related topics. We always get support in a timely manner, and they’re very approachable.”
– Simonas Jončiulis

 Learn in this video how Vinted Pay elevates compliance while reducing manual workload with AMLYZE:

Implementation

Vinted Pay implemented three key AMLYZE modules – Transaction Monitoring (real-time and retrospective), Customer Risk Assessment, and Customer Screening – bringing all core compliance processes together under one system.

The platform allowed the compliance team to combine automated and manual risk indicators, override risk levels manually when needed, and analyze customers and transactions in one unified dashboard.

Scoring and screening in one tool saves a lot of time because you don’t need to switch between different applications. You can conduct all your daily duties in one place.
– Simonas Jončiulis

Results

Since adopting AMLYZE, Vinted Pay has achieved measurable improvements in efficiency, accuracy, and automation.

The unified solution has reduced manual workload, improved rule calibration through back-testing, and delivered a significant reduction in false positives.

AMLYZE helped us evaluate our rules, suggested new ones that fit our framework, and at the end we had a well-calibrated transaction monitoring setup. That was a huge help.
– Simonas Jončiulis

In addition to system performance, Vinted Pay values AMLYZE’s intuitive user interface:

The dashboard is user-friendly, simple, and intuitive. I really like the overview of our customers, transactions, business rules, alerts, and documentation – everything is in one place.
– Simonas Jončiulis

Partner Perspective

From AMLYZE’s side, collaboration with Vinted Pay stood out as both rewarding and instructive.

We strongly believe there’s no one-size-fits-all approach to compliance. Each client is unique in size, business model, and risk exposure. With Vinted Pay, we worked not just as a vendor but as a partner – consulting from both the technological and compliance perspectives.
– Eglė Kontautaitė, Head of Client Solutions, AMLYZE

Vinted Pay clearly understood their business model and risk exposure. This partnership was mutually enriching – we supported them with our expertise, and at the same time, we learned from their deep understanding of marketplace-related risks.
– Eglė Kontautaitė

Experience

For Vinted Pay, AMLYZE is not only a technology provider but also a trusted compliance partner capable of combining regulatory insight with technical precision.

One of the most important things for us is scalability – and AMLYZE’s product and infrastructure align perfectly with our growth plans.
– Simonas Jončiulis

In One Sentence

AMLYZE impressed us with its flexibility, speed, and expertise – a single platform that fits our complex marketplace needs and scales with our growth.
– Simonas Jončiulis, MLRO, Vinted Pay

 Discover how AMLYZE can transform compliance in your institution – Request a demo