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How One Fintech Startup Wants to Combat Money Laundering

By: Get News
Fintech startup Kyros introduces a complete cloud-based solution for combatting money laundering and financial crimes with AI analysis and third-party sources, simplifying the process of onboarding and monitoring customers for regulatory compliance.

Kyros AML Data Suite, a fintech startup, has developed a comprehensive cloud-based solution to combat money laundering, fraud, and other financial crimes. By providing a complete Know Your Customer (KYC) and Anti-Money Laundering (AML) dashboard solution, Kyros aims to simplify the complex process of onboarding and monitoring customers while ensuring regulatory compliance.

With support for more than 200 countries, Kyros works seamlessly with one’s existing website, back office, or CRM system. Kyros retrieves basic user information and transaction logs via API or manual upload, which is then analyzed and enriched with supplemental information from premium third-party sources, including international PEP and sanction lists.

The platform also provides an option to integrate Kyros-hosted self-declaration forms into one’s onboarding flow. This allows businesses to trigger on-demand strong customer authentication (SCA) via SMS and email, documenting their users' identities and answers to relevant AML compliance questions.

Kyros' AI further analyzes the enriched data and automatically risk-scores users based on individualized risk parameters that one controls. With live transaction monitoring of all transactions, businesses can set up advanced alert rules for user behavior and transaction data, such as triggering EDD based on transaction limits.

All compliance work is performed in the cloud-based Kyros Data Suite, which logs all compliance actions for easy third-party auditing. Firms can create automatic in-depth reports for easy Suspicious Activity Report (SAR) and Suspicious Transaction Report (STR) reporting, which can be exported to PDF and uploaded to the relevant financial authority.

Kyros Data Suite can be used on its own or as an integrated part of the back office, with seamless data exchange back and forth. API webhooks allow for automated back office decision-making, making the entire process more efficient and streamlined.

Kyros' innovative approach to combating money laundering is a game-changer for the financial industry. With one simple dashboard, Kyros provides multiple sources of information to make the process of onboarding and monitoring customers easy and straightforward. By integrating AI and premium third-party sources, Kyros ensures regulatory compliance while reducing the risk of financial crimes.

In conclusion, Kyros' complete KYC and AML cloud-based solution, with native API support, effectively combats money laundering and other financial crimes. Its innovative approach, seamless integration, and easy-to-use dashboard make it an attractive solution for financial institutions of all sizes. 

To learn more, please visit

Media Contact
Company Name: Kyros AML Data Suite
Contact Person: Eric Andersen
Email: Send Email
Country: Estonia

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