Fraud prevention, AML and regtech

Fraud and money-laundering checks 12 companies

Banks must check who each customer is, screen them against sanctions lists, and watch every payment for fraud and money laundering.

Watching payments and screening customers

Monitoring transactions and checking names against lists.

TookitakiTookitaki, with engineers in Bengaluru, sells FinCense, which uses AI models to watch transactions for money laundering.Bengaluru

FlagrightFlagright sells transaction monitoring to fintechs, with software in which investigators work on each case.Bengaluru

Digital HarbourDigital Harbour, with engineers in Bengaluru, sells banks software for checking who each customer is.Bengaluru

SentiLinkSentiLink, an American company with engineers in Delhi NCR and Bengaluru, detects invented identities put together from real and fake details.Bengaluru

Clari5 (Perfios)Clari5, part of Perfios, watches the transactions of many Indian banks in real time for fraud and money laundering.

FacctumFacctum, with engineers in Bengaluru, checks every customer and payment against sanctions and watch lists.

Solytics PartnersSolytics, with engineers in Pune, sells name screening, transaction monitoring and checks on the bank's own risk models.

Identity checks when an account is opened

Checking a new customer's face, documents and device.

AiPriseAiPrise checks people and businesses, with AI agents doing the review.BengaluruSee alsoKYC, identity verification and fraud prevention

HyperVergeHyperVerge sells the face match and the check that the face is a real, live person, used by many Indian lenders.BengaluruSee alsoKYC, identity verification and fraud prevention

SignzySignzy checks customers' identity on a video call, and detects accounts used to pass on stolen money.See alsoKYC, identity verification and fraud prevention

BureauBureau, with engineers in Bengaluru, reads the device, phone number and behaviour of the person opening an account.See alsoKYC, identity verification and fraud prevention

Jumio Corp.Jumio checks a person's face against their identity document.See alsoKYC, identity verification and fraud prevention

The tech, explainedAML transaction monitoring Model risk management (MRM)

Regulatory reporting and surveillance 4 companies

Banks send detailed reports to regulators, check their records against other banks', and record and watch their own staff's trades and messages.

MCO (MyComplianceOffice)MCO, with engineers in Hyderabad, tracks bank employees' personal trades, conflicts of interest and gifts.HyderabadHiring now

GreshamGresham, with engineers in Bengaluru and Delhi NCR, checks that a bank's records match those of the other banks and firms it deals with.Delhi NCR · Bengaluru

Verint Financial ComplianceVerint Financial Compliance records and archives the calls, chats and messages of traders and bankers, as regulators require.Bengaluru

RegnologyRegnology, with engineers in Pune and Bengaluru, sells the reports banks and insurers must send to regulators.PuneHired recently

The tech, explainedRegulatory reporting Data reconciliation Employee compliance monitoring

How it all worksAnti-money laundering (AML)₹9 lakh in and out within the hour.

See how it works →

What's changing

AI writes the investigator's first draft.

When a payment is flagged, an investigator must gather the facts and write up the case. AI tools now draft that case file, so investigators spend their time deciding rather than collecting.