Brand New Day chooses Sentinels to scale AML controls

Monday 30 May 2022 10:52 CET | News

Brand New Day, a neobank in the Netherlands, has opted for Sentinels, an intelligent transaction monitoring and client risk management platform, to scale its AML controls.

Brand New Day was searching for a true compliance partner that it could work with to build custom and futureproofed compliance infrastructure, rather than a simple buyer-vendor exchange. This relationship is possible with Sentinels, which has a track record in developing with businesses to deliver compliance solutions.

Resources can be saved through Sentinels’ automated development of client risk profiles. These provide Brand New Day’s compliance officers with a clear and immediate overview of customer activity, allowing the neobank to focus on required due diligence measures.

Working together, Brand New Day and Sentinels aim to disrupt traditional approaches to compliance by challenging typical compliance assumptions and sharing determined best practices. One key focus area will be false positives.

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Keywords: partnership, AML, transaction monitoring, fraud detection, compliance
Categories: Fraud & Financial Crime
Companies: Brand New Day, Sentinels
Countries: Netherlands
This article is part of category

Fraud & Financial Crime

Brand New Day



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