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Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today its inclusion in Forrester’s Now Tech: Anti-Money Laundering (AML) Solutions, Q1 2022 report. The Now Tech report gives an overview of 19 AML solutions based on market presence and functionality.
According to Forrester, in order to realize the benefits of AML, customers must first select from a diverse set of AML technology vendors that vary by size, functionality, geography, and vertical market focus. AML and security & risk (S&R) professionals should use this report to understand the value they can expect from an AML solutions provider and to select one based on size and functionality.
Depending on the size of AML solution revenue, the report segments vendors into three categories, namely large established players, midsize players and smaller players, across three primary functionality segments - AML, KYC and transaction monitoring.
Azentio believes its inclusion in the midsize category highlights the company’s prominence in the transaction monitoring segment across Europe, the Middle East, and Africa (EMEA), Asia-Pacific (APAC) and North America, and names key clients using the solution, such as I&M Bank, ICICI Bank and the State Bank of India.
Tony Kinnear, Chief Executive Officer at Azentio, said, “It’s gratifying to be recognized among AML technology vendors by a leading global research firm like Forrester. We believe this is testimony to our uncompromising ambition to develop innovative and future-ready AML solutions for greater transparency. We reaffirm our commitment to help BFS businesses advance their AML, transaction monitoring and sanction processes to the next level.”
For more than 15 years, Azentio’s financial crime detection and management solution, AmlockTM, has allowed businesses to accelerate decisions and effectively combat financial crime risk. Today, the solution utilizes advanced AI, ML, business analytics and cloud models to enhance efficiencies in identifying vulnerabilities and fraud practices across channels, thereby helping meet even the most stringent regulatory requirements.
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