Former executive at Mutual Vision Technologies Ltd
- ComplyAdvantage's solution overview and key use cases
- AML (anti-money laundering) compliance software competitive landscape, points of differentiation and durability
- Core KPIs customers track when assessing AML compliance tools, highlighting ComplyAdvantage's performance
- Barriers to switching for a customer
What is ComplyAdvantage? Is it one database that can be configured for different customer use cases or is it made up of multiple different products?
How does ComplyAdvantage work?
Does ComplyAdvantage bring data to you, as the customer? Does it have a proprietary data set on companies or individuals that it can continuously update and identify potential risks?
What have your core use cases been for ComplyAdvantage as a customer?
Is ComplyAdvantage still rules-based? If one rule is that transactions over X amount get flagged, does that mean you get a lot of false positives?
Which category does ComplyAdvantage fit into? It talks a lot about its use of machine learning on its data sets.
It seems that ongoing machine learning that can react without needing human intervention is where customer demand is heading. Is that correct?
How did you monitor transactions before you used ComplyAdvantage? Why was this ineffective or inefficient?
When you became a ComplyAdvantage customer, did you replace all your previous AML [anti-money laundering] processes or tools or was this just another part of your AML tech stack?
What did you compare ComplyAdvantage against? Did you consider Oracle and Actimize?
How different is the competitive landscape for ComplyAdvantage now vs when you first implemented it? Is there a real threat from any non-rules-based vendors?
To what extent are players such as Quantexa real competitors to ComplyAdvantage? ComplyAdvantage, just because of the size of its database, does partner with players such as Quantexa. Is there a lot of coopetition between players or would you position Quantexa as a direct competitor to ComplyAdvantage?
Do you think you would choose to be a ComplyAdvantage customer again, whether for transaction monitoring, adverse information media or screening?
Are any areas of particularly high value to a financial services customer? If transaction monitoring is typically perceived as a higher-value offering than screening or adverse information, could having something that isn’t AI-led impact growth for the other parts of the business as well?
How do you think ComplyAdvantage’s service levels, customer interactions or scalability have evolved as the company has taken on more customers?
What was the proof of concept when you became a ComplyAdvantage client? If there was one, how long was it? What was involved? What did you deploy it on? How quickly were you convinced to adopt it?
How does ComplyAdvantage price itself? Is this essentially a subscription-based model or is it priced per check or per verification? Does this differ across use cases or products?
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