NEW YORK – (BUSINESS WIRE) – Sep 30, 2021–

ComplyAdvantage, a global data technology company transforming financial crime detection, today announced that Hampshire Trust Bank (HTB), a specialist bank focused on UK business lending, has selected the award-winning suite of anti – Company money laundering (AML) including filtering and onboarding of customers, unwanted information and media, transaction monitoring and transaction filtering.

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Charles Delingpole, CEO and Founder of ComplyAdvantage (Photo: Business Wire)

With a team of loan experts, HTB offers specialist corporate finance, mortgage loans and award-winning savings accounts to individuals and businesses. Due to rapid and significant growth, HTB’s risk profile is changing as the company’s customer base expands into new markets. That’s why HTB chose to partner with ComplyAdvantage to develop stronger real-time AML capabilities with better control and scalability.

“HTB takes the fight against financial crime seriously and maintains carefully monitored controls throughout the bank. As we sought to strengthen these controls, we wanted a solution that would provide both resilience and efficiency, ”said Nick Hawke, Director of Compliance for HTB. “ComplyAdvantage represents a key step towards maturity by consolidating all transaction filtering and monitoring into a single hosted platform, which provides a robust and reliable solution. “

Powered by ComplyData ™, ComplyAdvantage’s hyperscale technology helps uncover hidden risks throughout the customer lifecycle, helping banks like HTB maintain the highest level of oversight and compliance integrity. This reduces reliance on manual review processes and legacy databases by up to 80%, and improves the way companies like HTB filter and monitor customers and transactions.

“We are very proud to have been selected by such a reputable bank as HTB,” said Charlie Delingpole, Founder and CEO of ComplyAdvantage. “Now the HTB team can transact with confidence and grow with confidence using our art intelligence, tools and AML technology needed to tackle the volume, speed and complexity of financial crimes at today.

About ComplyAdvantage

ComplyAdvantage is the financial industry’s leading source for financial crime risk data and AI-based detection technologies. ComplyAdvantage’s mission is to neutralize the risk of money laundering, terrorist financing, corruption and other financial crimes. More than 500 companies in 75 countries rely on ComplyAdvantage to understand the risk they do business with through the only global, real-time database of people and businesses. The company actively identifies tens of thousands of risk events every day from millions of structured and unstructured data points.

ComplyAdvantage has four global centers located in New York, London, Singapore and Cluj-Napoca and is backed by Goldman Sachs, Ontario Teachers’, Index Ventures and Balderton Capital. Learn more at complianceadvantage.com.

About the Hampshire Trust Bank

Hampshire Trust Bank is a specialist bank focused on UK business loans. HTB also offers savings accounts to individuals and businesses. The bank is authorized by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority. For more information, please visit our website: www.htb.co.uk

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CONTACT: For ComplyAdvantage: North America

Tim donovan

+1.510.593.0064

[email protected]

Ben Goldsmith

+44.0.7788.295321

[email protected] For HTBAndrew Bullock

Marketing & Communication Manager

Phone: +44 (0) 20 7886 4722

Email: [email protected]

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT SECURITY TECHNOLOGY SOFTWARE FINANCE BANKING

SOURCE: ComplyAdvantage

Copyright Business Wire 2021.

PUB: 09/30/2021 05: 00 / DISC: 09/30/2021 05:02

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Copyright Business Wire 2021.