Pliance - Modern Anti Money Laundering

Purpose and goal

The goal of our Step 2 project is to further develop our AML service so that our customers can effectively identify suspicious transactions. This will help companies to comply with money laundering regulations, detect suspicious transactions and report these in an efficient manner, while saving time and resources to focus on their core business.

Expected results and effects

During the project, we have identified key customers, designed user flows and developed prototypes to put in front of customers to collect feedback prior to product launch. We are now in a position to complete the first version of the product to sell to pilot customers and then continue the development and expansion of the product and the markets we can sell to.

Planned approach and implementation

According to the project plan, we have focused much of our work on the design process, including investigating the market and interviewing customers and users to ensure the needs and requirements specifications for a transaction monitoring tool. We have focused our resources on exploring the user experience and on technical development for the underlying system.