Open banking company sync. partners with ComplyAdvantage

From: RegTech Analyst

UK money management startup sync. has inked a partnership deal with RegTech ComplyAdvantage.

The partnership will see sync. use ComplyAdvantage’s anti-money laundering solutions to prevent financial crime across its open banking services.

“ComplyAdvantage’s vision is to take on and neutralise the risk of money laundering, terrorist financing, corruption and all other global financial crimes,” said Charles Delingpole, founder and CEO of ComplyAdvantage. “We are always excited to partner with other innovative products and provide our scalable solutions to sync. as they expand.”

Ricky Lee, founder of sync., added, “Security is incredibly important to us at sync., whether that is adding enhanced security options to our product, like our cards without printed CVC numbers, or ensuring we are completely AML and CTF compliant.

“We’re proud to have a partner that is as fast-moving as ComplyAdvantage. Their real-time updates and new innovative features mean that our AML and CTF monitoring is always the best it can be.”

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