AML Solutions for Neobanks

AML compliance is easier than ever for the Neobanks

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TRUSTED BY OVER 500 CLIENTS

The future of Banks: Neobanks

Neobanks are bridging the gap between the services offered by traditional banks and the changing expectations of customers in the digital age. Neobanks are financial institutions that don't have any physical branches. They provide services traditional banks don't.

Customer Onboarding Process

Neobanks have to fulfill their AML and KYC obligations during the customer account opening processes. Neobanks can see the risks customers bring during the account opening process using an AML Control Program that has more than 3000 Global Sanctions lists, PEPs lists, and Adverse Media Data that are updated every 15 minutes.

Sanctions and Watchlist Data

Structured real-time sanction data

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PEP Data

Categorized PEP data

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Dynamic Rules and Scenarios

Create rules specific to your risk level

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Screening and Monitoring

Neobanks can scan and control operations individually or collectively with options such as Name, Identity, and Passport number with our AML Name Screening Software that includes Sanctions, PEP lists and Adverse Media Data.

Transaction Monitoring Software for Neobanks

Neobanks can monitor transactions customers make in real-time to detect high-risk and suspicious transactions with our AML Transaction Monitoring software. Suspicious transactions can be stopped and recorded for investigation. Thus, reducing false positives and workload.

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Easily integrate Sanction Scanner into your project with API in hours.

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Powerful API for AML Solutions

Neobanks can easily integrate our products into their project. Webhook-powered API supports all the features of our AML Solutions. In addition, Webhook can provide two-way data transfer between Sanction Scanner and your project.

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Customer Experience for the Payment Companies

FAQs about Neobanks

Neobanks face digital threats like identity fraud, synthetic accounts, and fast cross-border laundering—risks amplified by their fully online model.

Yes. Neobanks must follow KYC, transaction monitoring, sanctions screening, and SAR filing requirements like traditional banks, based on local regulations.

They use real-time ID verification, biometrics, and document scanning tools to onboard customers securely while maintaining compliance.

AI detects suspicious behavior in real time, adapts to new fraud techniques, and reduces false positives through machine learning and behavioral analytics.

They use automated AML tools to track transaction patterns, peer comparisons, velocity metrics, and geolocation anomalies to flag risky activity.

Screening prevents dealings with blacklisted individuals or entities (e.g., OFAC, UN). It’s essential for regulatory compliance and global operations.

Penalties include fines, license suspension, market restrictions, and reputational damage, all of which can threaten growth and investor confidence.

By using dynamic risk scoring models that assess transaction patterns, device data, and behavioral analytics to categorize users by risk level.

Yes. Sanction Scanner offers API-first integration into core systems, apps, and CRMs, enabling real-time screening and scalable compliance workflows.

They invest in adaptive technologies, monitor global AML changes, train teams, and update compliance frameworks to meet new regulatory standards.

Yes. Most jurisdictions require neobanks to appoint a compliance officer responsible for overseeing AML, KYC, and regulatory reporting functions.

eKYC (electronic KYC) allows neobanks to verify users remotely through digital tools like facial recognition, OCR, and live selfies during onboarding.

Yes. Since onboarding is digital, neobanks face higher risks from fake IDs, deepfakes, and stolen credentials—making real-time verification critical.

Yes, but they must apply Enhanced Due Diligence (EDD), conduct thorough risk assessments, and continuously monitor transactions involving these regions.

They must comply with the EU’s AMLD (Anti-Money Laundering Directives), which cover KYC, beneficial ownership checks, SAR reporting, and risk-based monitoring.

Risk profiles should be reviewed periodically—typically annually for low-risk users and more frequently for high-risk or flagged accounts.

It tracks the speed and frequency of user transactions to identify unusual patterns, such as rapid fund movement across multiple accounts.

By analyzing behavioral patterns, device fingerprinting, geolocation mismatches, and unusual fund flows across newly opened or dormant accounts.

Yes. P2P payments must be monitored for suspicious activity, especially for structuring, layering, or use of stolen identities.

Yes. Many regulators mandate periodic AML audits or reviews to ensure neobanks follow required policies, procedures, and reporting standards.