Kyros takes the headache out of AML compliance.

Cloud-based dashboard solution

Kyros is a cloud-based AML software solution, with native API support and support for more than 200 countries. Kyros supports you in onboarding and monitoring your customers and their transactions, working in conjunction with your regular backoffice.

Designed for financial institutions

As a top AML compliance software, Kyros is designed for financial institutions like banks, EMIs, cryptocurrency exchanges, accountants, casinos, brokers, funds, auction houses, real estate agents, lawyers and more.

Single source of truth

Kyros acts as a single source of truth for the organization’s entire value chain of AML operations. No other systems are required. PEP, sanction checks, KYC, transaction monitoring, STR/SAR reporting – you name it, Kyros has it.

Why prioritize AML?

Prioritizing Anti-Money Laundering (AML) work is essential for companies, particularly in the financial sector, to ensure compliance with increasingly stringent global regulations.

These regulations are not uniform but vary across jurisdictions, requiring a nuanced approach to compliance. Failure to adhere to these regulations can result in substantial financial penalties and legal consequences, including criminal charges. More than just a financial burden, these penalties can significantly tarnish a company’s public image and credibility.

In today’s business environment, a company’s reputation is invaluable, and any association with money laundering activities can severely damage trust and confidence among clients, partners, and the wider public. This erosion of trust can have long-lasting effects, potentially leading to a loss of business and difficulties in establishing new partnerships or expanding operations.

Effective AML compliance, facilitated by robust AML compliance software, plays a crucial role in identifying and mitigating risks associated with financial crimes. 

What to Consider?

When choosing an AML compliance software, financial institutions must focus on the software’s ability to integrate effectively with existing systems for seamless data management.

It’s essential that the software offers comprehensive features like transaction monitoring, customer due diligence (CDD), and risk assessment, tailored to evolving AML regulations. Advanced analytics and machine learning capabilities are crucial for detecting and analyzing suspicious activities, enhancing the accuracy and efficiency of AML processes.

The software should have an intuitive interface and robust support to ensure it can be easily operated by compliance teams, regardless of their technical expertise. This user-friendliness is crucial for day-to-day operations and for ensuring that all compliance measures are consistently and effectively implemented. Scalability and customization are additional important

Overall, selecting the right AML compliance software involves balancing technological sophistication, ease of use, and adaptability to regulatory changes.

What AML Solutions Exist?

The largest companies offering AML compliance software solutions are recognized for their advanced capabilities and extensive reach in the AML software market.

LexisNexis is known for its comprehensive risk solutions and extensive database that aids in risk management and AML compliance. ComplyAdvantage stands out for its use of machine learning and AI in customer screening and transaction risk management. NICE Actimize is notable for its AI and machine learning-infused AML solutions, providing a broad spectrum of financial crime risk management tools. Sanction Scanner is an established name in the RegTech space, focusing on customer and transaction screening with a comprehensive AML data set. Napier provides an end-to-end intelligent compliance platform using the latest AI and ML technology for transaction and client screening. Sumsub specializes in user and business verification and AML transaction monitoring, offering detailed risk profiling. SEON offers a range of AML solutions with a focus on digital footprint detection and real-time alerts. Ondato provides white label KYC checks, integrating seamlessly into various business models.

Kyros is an alternative to many of these systems, offering advanced technology, comprehensive data analysis, and flexible, scalable solutions tailored to diverse business needs.