Waters Rankings 2023: Best AML compliance solution provider—Vneuron Risk & Compliance

Product/service: Reis Risk & Compliance Suite

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Overview

Vneuron’s AML platform covers all compliance requirements, including KYC, transaction screening, and monitoring. Its built-in automation capabilities support collaboration and efficient operations, helping financial institutions achieve maximum automation and accuracy, while minimizing false positives. Vneuron is a partner to financial institutions around the globe and helps firms achieve compliance with AML regulations and reduce the risk of financial crime.

“We are immensely grateful to the readers of WatersTechnology and our valued clients who have recognized us as 2023’s best AML technology provider. This prestigious recognition underscores our unique offerings and unwavering commitment to delivering integrated AML solutions to global financial institutions. As we continue to innovate, we remain a trusted ally in combating financial crime, committed to maintaining the high standards of service that this award reflects.”
Mahmoud Mhiri, CEO, Vneuron

The solution

Financial institutions grapple with the choice between legacy solutions and innovative, niche options. Vneuron specializes in blending these two approaches, offering the Reis Risk & Compliance Suite (Reis RCS). Built on years of technical expertise and AI/machine learning technology, it is designed to reduce false positives by up to 80% and provide analytics for compliance monitoring. Suitable for firms of all sizes, Reis RCS supports integration, customization, and collaborative decision-making.

Secret sauce

Vneuron cites its ability to integrate enterprise technologies into an agile platform supporting efficiency, automation, and auditability as one of its competitive differentiators. Standout features include financial behavior prediction, automated customer onboarding processes, and a name-screening system that is effective even with low-resource languages. 

Recent milestones

Vneuron’s recent advancements include the integration of trade-based anti-money laundering capabilities. It partnered with a virtual asset service provider to establish its Virtual Assets AML compliance module. The firm continually refines its financial-crime prediction capabilities, allowing its clients to fully control their entire AML compliance operations. 

Future objectives

Building on its success across Emea, Vneuron will look to grow its presence across Asia-Pacific and the US. A key aspect of that initiative is the firm’s Virtual Assets AML compliance module. It is also looking to extend its use of AI across the platform, making it more intuitive to operate but also to maintain. 

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