Advanzia Bank Joins AMLYZE's Client Roster, Signifying Crucial Leap in European Operations
Leading AML and CFT provider AMLYZE announces Advanzia Bank, a renowned European digital bank, as its latest client. The innovative bank, known for its Cards-as-a-Service solutions and digital-first approach, serves 2.8 million credit card customers across Europe.
To strengthen its financial crime prevention framework and support scalable compliance, Advanzia Bank has chosen AMLYZE's Transaction Monitoring and Customer Screening modules. This partnership, marking a key milestone in AMLYZE's strategic expansion into Western Europe, was established in Luxembourg, a global financial hub.
Speaking on the collaboration, Gabrielius Erikas Bilkštys, CEO at AMLYZE, expressed his delight and highlighted the partnership's potential to empower financial institutions, enabling them to scale their operations, enhance compliance, and safeguard growth.
In an additional development, Advanzia Bank has also joined AMLYZE as an institutional investor, reflecting a deep-seated belief in AMLYZE's mission to transform financial crime prevention technology. Nishant Fafalia, CEO at Advanzia Bank, stated that the partnership would optimize processes, mitigate financial crime risks, and maintain regulatory excellence, further underscoring the bank's commitment to innovation.
By integrating AMLYZE's compliance technology, Advanzia Bank bolsters its ability to monitor transactions and screen customers against sanction lists, PEP databases, and adverse media sources. The partnership enables the bank to efficiently detect risks, optimize operations, and proactively comply with regulations, ensuring it stays ahead of emerging threats while scaling sustainably.
Headquartered in Luxembourg, AMLYZE is a SaaS RegTech firm offering anti-financial crime solutions for various financial services providers. Comprehensive modules encompass real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT investigations, PEP, sanctions, and adverse media screening. Developed by a team of AML experts and former regulators with insider regulatory expertise, AMLYZE's technology streamlines AML/CFT and compliance processes to unprecedented levels of efficiency.
Launched this April, AMLYZE’s AMLTRIX is a community-driven framework aimed at understanding, detecting, and mitigating illicit financial activity. For more information, visit AMLYZE's website, LinkedIn, or X pages.
Advanzia Bank, founded in 2005, is a European digital bank specializing in credit cards and Cards-as-a-Service (CaaS) solutions for private customers and institutional clients. Maintaining a strong presence in Luxembourg, Austria, Italy, and Spain, the bank serves 2.8 million credit card clients and cooperates with leading brands, offering scalable and bespoke credit card and payment solutions to enhance customer loyalty and create a competitive advantage. In 2024, Advanzia employed 231 people and achieved a total credit card turnover of EUR 7.8 billion in transaction volume.
technology: AMLYZE's Transaction Monitoring and Customer Screening modules, offered by the RegTech firm AMLYZE, will be integrated by Advanzia Bank to strengthen its financial crime prevention framework and support scalable compliance.
business: The partnership between AMLYZE and Advanzia Bank, marked by Advanzia's investment in AMLYZE, reflects a shared commitment to innovation, optimizing processes, and transforming financial crime prevention technology in the business sector.
