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ComplyAdvantage description
ComplyAdvantage is a software solution that helps businesses manage financial crime risks. It offers a range of tools for tasks like screening customers and transactions for fraud and money laundering. Using AI, it provides risk data and insights to support compliance. This helps businesses streamline compliance processes, reduce false positives, and make more informed decisions about financial crime risk. ComplyAdvantage is suitable for businesses of all sizes in various industries, from banking to crypto.
Who is ComplyAdvantage best for
The ideal customer for ComplyAdvantage is a business looking to streamline their compliance processes, particularly those dealing with financial crime risk management. They require robust tools for tasks like customer screening and transaction monitoring, and seek to leverage AI for enhanced due diligence and risk assessment.
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ComplyAdvantage is best suited for small to medium-sized businesses.
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The platform caters to a range of industries, with a particular focus on finance, banking, insurance, and cryptocurrency.
ComplyAdvantage features
| Supported ComplyAdvantage offers sanctions screening capabilities including screening against various sanctions lists, real-time updates, and advanced screening and matching, thereby satisfying the requirement. |
| Supported ComplyAdvantage offers transaction monitoring capabilities that allow real-time analysis of transactions for suspicious patterns and activities. |
| Supported ComplyAdvantage provides a robust and efficient adverse media screening solution, scanning news and media sources for negative information about entities. |
| Supported ComplyAdvantage offers real-time transaction monitoring, leveraging AI and ML to detect suspicious activities as they happen. This system is backed by real-time data updates and customizable risk rules for effective fraud prevention. |
| Supported ComplyAdvantage offers KYC checks, including identity verification and document authentication. |
| Supported ComplyAdvantage supports PEP screening as a core feature of their platform. |
| Supported ComplyAdvantage provides real-time alerts for suspicious activities based on predefined rules. |
ComplyAdvantage pricing
ComplyAdvantage alternatives
Flagright
More focused on early-stage fintech companies and neobanks. It has more momentum in terms of employee growth.
Sumsub
Better for mid-sized businesses. It is growing faster and has more momentum. Users praise the intuitive interface and speed but point out issues with false positives and reporting.
Salesforce Platform
Better for larger companies. Focuses on building custom business applications and automation for various industries. It is not specifically designed for financial crime risk management.
Alloy
Better for small businesses. A much better fit for finance, e-commerce, and software industries. It has more momentum.
Sanction Scanner
Better for finance companies, especially in the Fintech space. Also a good option for e-commerce, legal services, and transportation & logistics. It is growing faster and has highly responsive customer service.
D&B Finance Analytics
Better for larger companies and has broader industry application. Focuses on credit risk management, not financial crime risk management.
ComplyAdvantage FAQ
What is ComplyAdvantage and what does ComplyAdvantage do?
ComplyAdvantage is a software solution designed to help businesses manage financial crime risks. It offers tools for tasks like screening customers and transactions, monitoring for fraud, and ensuring compliance with anti-money laundering regulations. Using AI, ComplyAdvantage provides risk data and insights to support informed decision-making in financial crime risk management.
How does ComplyAdvantage integrate with other tools?
ComplyAdvantage integrates with other tools through its API, allowing for seamless data exchange and workflow automation with your existing systems. This connectivity enhances efficiency and allows for a holistic approach to compliance.
What the main competitors of ComplyAdvantage?
ComplyAdvantage competes with other financial crime risk management solutions like Flagright, Sumsub, Alloy, and Sanction Scanner. These companies offer a range of services, from transaction monitoring and KYC checks to sanctions screening and adverse media screening.
Is ComplyAdvantage legit?
Yes, ComplyAdvantage is a legitimate software solution. They help businesses manage financial crime risks with AI-powered tools for tasks like customer screening and transaction monitoring. Their positive ratings from users on platforms like G2 and Glassdoor further support their legitimacy as a software provider.
How much does ComplyAdvantage cost?
There is no publicly available pricing information for ComplyAdvantage.
Is ComplyAdvantage customer service good?
Based on the reviews, ComplyAdvantage is praised for its excellent customer support. Users highlight the helpfulness, responsiveness, and efficiency of the support team in resolving issues and answering questions.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.