Tuum, a leading next-generation core banking provider, announces a strategic partnership with AMLYZE, a leading provider of anti-financial crime solutions dedicated to FinTechs, neobanks and other global financial services providers.
This pioneering coalition between Tuum and AMLYZE opens the door and lays a red carpet for banks and financial institutions to harness turnkey compliance solutions. This is made possible through the seamless amalgamation of Tuum’s cutting-edge core banking functionalities, encompassing payments and card modules, with the all-encompassing compliance suite from AMLYZE.
Such integration stands as a bastion, enabling these institutions to keep pace and lead the charge in the swiftly transforming, heavily regulated financial landscape.
AMLYZE, as the vanguard, brings forth a pantheon of anti-financial crime tools that span the spectrum from transaction monitoring and risk assessment to case management.
In May this year, the company successfully closed a €1 million pre-seed investment round led by Practica Capital, one of the leading venture capital firms in the Baltics, and FIRSTPICK, an accelerator and venture capital fund investing in technology companies across the Baltics.
Moreover, AMLYZE arsenal includes screening mechanisms for sanctions, politically exposed persons (PEPs), and adversarial media. Crafted by luminaries entrenched in the regulatory milieu, this comprehensive toolkit empowers financial institutions with the dexterity to proactively unearth and alleviate financial perils, all while maintaining unwavering adherence to stringent regulations.
Our joint solution can meet the needs of any financial institution, as both platforms are built by experts with decades of industry and regulatory experience. We hope that this partnership will bring unprecedented efficiency to the processes of any financial institution.says Jekaterina Govina, Head of Partnerships & Regulatory Affairs and co-founder of AMLYZE, expressed her enthusiasm about the partnership.
The financial echelon is amid a metamorphosis, with disruptors commanding the stage. Simultaneously, regulatory frameworks tighten, affording no latitude for compromise on the compliance front. Tuum and AMLYZE, cognizant of these difficulties, stand resolute in furnishing a resolution that encourages financial institutions across the global spectrum to traverse this mutable terrain with unshakeable confidence.
In this groundbreaking affiliation, the focal nexus initially fixates on the European market, a crucible where the hunger for innovative yet unwaveringly compliant financial solutions reaches its zenith. Tuum and AMLYZE, with their synergized acumen and technological prowess, position themselves to not merely meet but surpass the distinctive requisites of European financial institutions.
We are thrilled to partner with AMLYZE who are highly specialised and proven in the field of anti-financial crime. We both share the same values around delivering modern, highly configurable, easily integrated solutions.
This enables banks and financial institutions to free themselves from the burden of legacy applications so they can respond quickly to market challenges and new opportunities whilst ensuring compliance with increasingly evolving stringent regulations.comments Jean Souto, VP Global Strategic partnerships at Tuum.