AMLYZE and Aura Cloud partner to boost financial crime prevention

Lithuanian regtech startup AMLYZE has initiated a strategic partnership with Aura Cloud, a Swedish-based AI digital banking platform. This collaboration aims to increase the effectiveness and efficiency of the fight against financial crime through advanced technology solutions. AMLYZE informed AIN about the details of the deal.

  • AMLYZE is a Vilnius-based Software-as-a-Service (SaaS) regtech offering a suite of anti-financial crime solutions for all types of financial services providers, including fintechs, banks, and crypto businesses. The company’s offering consists of comprehensive modules like real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT investigations, PEP, sanctions, and adverse media screening.
  • In May 2023, the company 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.

We are thrilled to partner with Aura Cloud. Their commitment to agility and innovation aligns perfectly with our mission to provide AML/CFT solutions, built by regulatory insiders, who understand customer pain points from the inside out. Together, we will empower financial institutions to stay ahead of the curve in the fight against financial crime,

Jekaterina Govina, Co-Founder and Head of Partnerships, at AMLYZE, said.
  • Aura Cloud is a a Stockholm-based nextgen AI digital banking platform, Aura. The cloud native platform is API-first and has the broadest functionality available to power innovative financial services. It has a range of different modules for Loans/Credits, Accounts/Deposits, Cards, Payments, Factoring, P2P, Loyalty, and Rewards.

We are glad to start the co-operation with AMLYZE. Their automated transaction monitoring and customer risk assessment solution provides additional possibilities for our digital banking platform customers to have state of the art solution to minimize financial crime and enhance compliance. We see this partnership as an excellent addition to our current partnership ecosystem in Northern Europe and beyond,

Prem Bhagwat, Aura Cloud CEO, shared his excitement about the partnership.

This partnership brings together the strengths of both companies, combining AMLYZE’s expertise in financial crime prevention with Aura Cloud’s innovative digital banking solutions.