Company: ComplyControl
Founder: Roman Eloshvili
Website: https://complycontrol.com/
About ComplyControl
ComplyControl is a provider of AI-powered services aimed at improving risk management practices and ensuring regulatory compliance among financial organizations. We help banks and fintechs automate sanctions checks, detect fraud, and prevent money laundering with greater efficiency. The company was founded in 2024 in the heart of UK fintech – London.
Existing compliance services tend to be very costly, imposing considerable strain on banks processing thousands of transactions daily. At ComplyControl, we tackle the existing inefficiencies head-on and offer a faster, more precise way to handle compliance. And at much lower costs, too. Our AI-powered system enables banks to process payments with a fee as low as a few cents per transaction checked. This mix of speed, accuracy and affordability is precisely what banks need in modern times to improve their efficiency.
The main services of ComplyControl include real-time AML fraud detection, adverse media checks for combating terrorism financing (CTF), and sanctions screening with AI validation.
One of ComplyControl’s key innovations is the recently launched AI-powered visual compliance rules editor. It enables compliance officers to create and customise transaction monitoring rules even without knowledge of code and programming skills, greatly simplifying the flow of their work. And the built-in AI tool can also analyse the effectiveness of rules, ensuring they stay relevant. Another thing that helps a company to stand out from others is the principle of individual approach to every client. This method allows ComplyControl to achieve success in problems of all levels.
ComplyControl was one of the fintech companies recognised by Forbes as one of the compliance decisions that help traditional banks to stay competitive.
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