Spanish neobank Rebellion Pay has chosen Sentinels, a transaction monitoring and client risk management platform, to bolster its AML compliance monitoring and risk profiling functions.
The Sentinels platform enables compliance supervising teams to generate client risk profiles and more reliably identify suspicious transactions and client behaviour.
Through the Sentinels platform, Rebellion claims it will be able to generate comprehensive views of the transaction environments across its full range of payment services, include prepaid Mastercard debit transactions and P2P payments, together with fiat-crypto exchange services offered by the digital bank for a growing number of cryptocurrencies.
Rebellion will be able to assess client risk and accurately detect financial crime faster through applying Sentinels’ AI and machine learning algorithms, as well as driving down the costs of its AML compliance, increasing operational efficiency andeliminating all criminal behaviour from its customer base.
Rebellion Pay CEO and co-founder Sergio Cerro said, “Sentinels is a dynamic, young and high growth start-up with a bright future. We firmly believe that AI and machine learning will change the game in digital banking, and Sentinels is already confirming this belief in the transaction monitoring and client risk management space.
“The decision to work with Sentinels was easy to make. Its software is straightforward to use and crammed with cool features, and its level of customer care is second to none. We’re delighted to have them as our partner and firmly believe that we will see plenty more powerful and innovative products coming out of this company in the years to come.”
Sentinels CEO Joost van Houten added, “It is with great pleasure that we welcome Rebellion Pay, both our first neobank and our first Spanish customer, to the Sentinels ranks. Rebellion Pay is a true disruptor in financial services and shares our love for next-gen technologies. We greatly look forward to axing the firm’s exposure to client risk by ensuring no illicit activity goes undetected. By boosting the accuracy of the bank’s suspicious transaction detection, we will also help its teams zero-in on real criminal behaviour, and kiss goodbye to the wasted days spent processing false-positive alerts.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
