NC Company Overview
ComplyAdvantage is a suite of highly configurable plug and play cloud services that can integrate with a company’s IT seamlessly and help comply with AML and CTF regulations and sanctions. ComplyAdvantage uses advanced machine learning and data mining technologies to build financial crime data from millions of data sources in an automated way. This drastically speeds up the way intelligence is gathered and made available to those who need to analyze risk, and it also means that data upload time can be reduced down to minutes, even with manual checks in place, rather than months. This avoids sanctioned entities still appearing in out of date data, as well as other common issues.
ComplyAdvantage, based in New York City, USA, was founded by Charles Delingpole in 2014. Charles was frustrated by the tools available to compliance professionals at the time, with their difficult integration and high false positive rates. He started ComplyAdvantage with the aim of creating solutions that could help automate compliance and risk processes, help companies make intelligent risk decisions and spot real financial crime risks from real-time data.
As of May 2019, ComplyAdvantage is operational in 40 countries across three continents. It has over 350 major customers and around 165 employees.