Complytek Welcomes MyMonty to Elevate Its Global FinTech Compliance

April 25, 2024
Complytek and MyMonty announce a new global partnership to enhance FinTech compliance, using advanced technology solutions across continents.

Complytek – the leading provider of automated Client Lifecycle Management solution- Welcomes MyMonty to Elevate Its Global FinTech Compliance

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.

Enhancing Digital Banking with Advanced Compliance Solutions

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.

  1. Client Lifecycle Management Solution: Streamlines client onboarding and automates complex compliance processes to improve interaction efficiency and compliance team effectiveness.
  2. Live Transaction Monitoring: Employs advanced machine learning technology to monitor transactions in real-time, swiftly identifying and alerting on any suspicious activities.
  3. Risk Assessment Engine: Provides comprehensive assessments of potential money laundering and terrorism financing risks across various jurisdictions, ensuring adherence to stringent regulatory standards.
  4. Fraud Risk Analysis: This module offers thorough analyses to detect and mitigate fraud, protecting the integrity of all financial transactions.

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.


About Complytek:

Complytek is a leading provider of Compliance and Client Lifecycle Management software, specializing in Machine Learning and Automation. With a focus on AI-driven technology, Complytek streamlines and automates compliance processes, empowering organizations across various industries to meet their regulatory requirements effectively.