How does Feedzai KYC compare to Company Screening?

Feedzai's KYC solution streamlines the customer verification process by automating checks against global databases, including sanctions lists and PEP records. The platform ensures compliance with KYC regulations while minimizing onboarding friction for legitimate users.

With advanced analytics and real-time risk scoring, Feedzai's KYC solution enhances decision-making and ensures accurate risk assessments. This empowers businesses to meet regulatory obligations while optimizing customer acquisition processes.

ComplyAdvantage's Company Screening solution simplifies due diligence processes by automating the screening of businesses against global watchlists, sanctions databases, and adverse media sources. Designed to meet stringent regulatory requirements, this solution ensures organizations can quickly and accurately assess the risk profiles of their business partners and vendors.

The platform offers real-time screening with continuous updates, providing instant notifications of changes in a company's status or risk level. Advanced filtering and matching algorithms reduce false positives, saving time and improving efficiency for compliance teams. Additionally, the system provides detailed reports and audit trails, enabling thorough documentation of screening processes for regulatory compliance.

By streamlining risk assessment workflows, ComplyAdvantage's Company Screening solution enhances operational efficiency and helps organizations build safer, more reliable business networks.

• 🏆 Ranked - Strong Performer by Forrester (2024)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 13 by Chartis (2024)
• 🏆 Ranked - Leader by IDC (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 4 by Chartis (2024)
• 🏆 Category Winner - AI-driven Anti-Fraud Platform by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 35 by Chartis (2024)
• 🏆 Category Winner - Emerging Crime Typology Detection by Chartis (2024)
• 🏆 Category Winner - AI-driven Fraud Prevention by Chartis (2024)

Feedzai is a data science company that develops real-time machine learning tools to identify fraudulent payment transactions and minimize risk in the financial services, retail, and e-commerce industries. Founded in 2011 by Nuno Sebastião, Pedro Bizarro, and Paulo Marques, Feedzai is headquartered in Coimbra, Portugal, with its U.S. headquarters in San Mateo, California.

The company's core offering is an AI-powered ‘RiskOps’ platform which helps financial institutions to detect, prevent, and manage financial crime while achieving regulatory compliance. Feedzai's solutions cover various aspects of financial security, including:

- Account opening and takeover prevention
- AML transaction monitoring
- KYC/Customer due diligence
- Transaction fraud detection
- Watchlist screening

Feedzai has achieved significant milestones in its growth and is now a well known brand in this space. It became a unicorn startup in 2021, valued at over $1 billion after a Series D funding round. Feedzai's AI analyzes over 3000 payment transactions per second and the platform processes 59 billion events per year and secures nearly $6 trillion in payments annually.

ComplyAdvantage, founded in 2014, is a RegTech company that specializes in providing AI-driven financial crime risk detection and anti-money laundering (AML) solutions. ComplyAdvantage leverages artificial intelligence, machine learning, and natural language processing to offer real-time risk insights and AML data solutions.

The company provides a range of services, covering:

- AML onboarding and monitoring
- Transaction monitoring
- Payment screening
- Politically exposed persons (PEPs) and adverse media screening
- Real-time sanctions and watchlist screening

ComplyAdvantage has experienced significant growth since its inception, raising $88.2 million through three rounds of venture capital funding and expansion of its operations with offices in the United States, Singapore, and Romania. The company serves over 1,600 businesses across the globe, including major financial institutions like Santander and Affirm, and clients have reported a 70% reduction in false positives and a 50% decrease in onboarding cycle time.