ComplyAdvantage launches new global e-commerce platform to democratise access to FinCrime prevention services
ComplyAdvantage, a global financial crime risk detection technology provider, today announces the launch of its new e-commerce platform, expanding access to proven enterprise compliance software for smaller businesses within regulated industries, like fintech, real estate, legal, venture capital or supply chain.
Whilst large banks spend up to $1 billion annually on regulatory compliance, regulated SMEs often lack the resources to access modern AI-native platforms and still rely on manual processes. Yet they still require robust compliance capabilities to conduct thorough KYC and adverse media screening, sanctions and PEP checks. ComplyAdvantage’s e-commerce platform empowers these businesses to access these services directly through the website, paying only for what they need.
The e-commerce platform democratises access to best-in-class financial crime prevention solutions, delivering the same data quality, real-time monitoring, and user interface that powers compliance operations for major financial institutions worldwide. This approach delivers an unparalleled time-to-value, with businesses getting access to enterprise-grade compliance tools within one business day. Unlike existing solutions that focus purely on initial screening, it includes ongoing monitoring, transaction monitoring and payment screening—the same comprehensive coverage that has made ComplyAdvantage the trusted choice for over 3000 enterprise clients in 75 countries.
The launch comes as global, regulated SMEs encounter a range of sophisticated financial threats that could compromise their operations and leave them exposed to reputational damage. An estimated 2-5% of global GDP is laundered each year, roughly $800 billion to $2 trillion, underscoring the scale of illicit finance threatening businesses worldwide. SMEs simply cannot afford to rely upon legacy compliance systems that create bottlenecks, generate high false positive rates and require intensive manual checks and remediation.
“We’re continuing to democratize access to best-in-class, AI-native compliance technology,” said Vatsa Narasimha, CEO at ComplyAdvantage. Every business deserves protection from financial crime threats. Our new e-commerce platform is the evolution of our commitment to making enterprise-grade compliance accessible to all, building on the success of our ComplyLaunch program for startups. It ensures that low volumes don’t mean low protection, as businesses from early-stage start-ups to established law firms and real estate companies face the same criminal networks as major banks and need the same level of defense. Now, they can get access within one business day by signing up through our website with just a credit card.”
