Complytek, a leading provider in regulatory technology, is excited to announce a new client partnership with MyMonty, the ultimate FinTech enabler known for its seamless and borderless banking solutions. Operating from offices in London, Dubai, and Beirut, MyMonty leverages a cutting-edge Banking as a Service (BaaS) platform to offer a unique digital banking experience, designed to meet the dynamic needs of today’s tech-savvy lifestyle. This marks a significant step in bringing advanced compliance solutions to the FinTech industry globally.
MyMonty has selected Complytek to enhance its operational security and compliance frameworks across Europe, Asia, and the Americas. Complytek will provide tailored risk assessments, live transaction monitoring, and comprehensive fraud risk analysis. These services are crucial for MyMonty as it seeks to expand its innovative financial services while ensuring the highest standards of regulatory compliance and user trust.
Complytek’s client partnership with MyMonty will see the deployment of its sophisticated Client Lifecycle Management (CLM) suite, designed to streamline onboarding and manage compliance seamlessly through a robust workflow engine. This suite aims to optimize both client and compliance team interactions, enhancing overall efficiency and experience.
“We are thrilled to partner with MyMonty and support their vision of redefining the digital banking landscape“, said Faisal Islam, CEO of Complytek. “This partnership underscores our commitment to empowering the FinTech sector with robust, cutting-edge compliance solutions that safeguard against evolving risks and enhance operational resilience globally.”
The partnership between Complytek and MyMonty represents a significant advancement in the integration of compliance technologies within the FinTech industry. By joining forces, both companies are setting new standards for security and efficiency in digital banking, further enhancing the customer experience and fostering trust in MyMonty’s platform.
Complytek equips mid-market financial institutions with a robust solution to address the $3 trillion global money laundering issue through its award-winning Client Lifecycle Management (CLM) platform.
As a recipient of the prestigious ChartisRisktech AI 50 placement, Complytek’s CLM integrates perpetual KYC/CDD with AI-powered transaction monitoring and risk management technologies, earning industry recognition for its innovation and efficiency.
SaaS clients benefit from rapid deployment within 48 hours, while SaaP implementations are completed in 45 days, both at a significantly reduced cost (15%) compared to legacy systems. Designed to align with the strategic priorities of growing institutions, our solution remains resilient to macroeconomic challenges, ensuring long-term operational sustainability.