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: https://fintech.global/regtech100/
About First AML
First AML streamlines the entire anti-money laundering onboarding and compliance process. Backed by real expertise, its cloud-based KYC Passport allows complex entities to share their verification across multiple companies and geographies, at their discretion.
Making an otherwise complex and manual onboarding process simple for clients and cost effective and compliant for businesses, First AML delivers efficiency and time savings, protecting reputations, and enabling companies to be on the right side of history in the face of global threats.