First AML makes RegTech 100

10 January, 2023

First AML has been recognised as part of the RegTech100, an annual list of 100 of the world’s most innovative RegTech companies. The list describes itself as “the world’s most innovative RegTech companies that every financial institution needs to know about.”

It recognises the next generation of solution providers shaping the future of compliance, risk management, information security and financial crime prevention. It also aims to help senior management and compliance professionals evaluate which solutions are most likely to be successful and can have a lasting impact in the industry. 

The UK, and in particular London, has long been recognised as a hub for money-laundering. In light of this – and considering the very real human consequences of money laundering – implementing AML procedures has never been more crucial.

A range of factors that were considered by the board were: 

  • Industry significance of the problem being solved;
  • Growth, in terms of capital raised, revenue, customer traction;
  • Innovation of technology solution offered;
  • Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients;
  • How important it is for financial institutions to know about the company

Simon Luke, UK Country Manager at First AML commented: “It’s fantastic to be named as part of the RegTech100 list. This endorsement shows that we are a leading company in the regulation technology space, and that our mission to create a world where customer onboarding is fast, and frictionless is resonating with others."

To see the full list, head here: 

About First AML

First AML is an AML technology provider, and the maker of Source, an all-in-one AML platform. Source powers thousands of compliance experts around the globe to reduce the time and cost burden of complex and international entity KYC. Its enterprise-wide, long term approach to the KYC / CDD data lifecycle addresses time and cost challenges while minimising compliance, reputational and security risks.

Keen to find out more? Book a demo today! No time for a long demo? No problem. See what First AML can do for your business in 2 minutes – watch the short demo here.