Risk management platform Sentinels has been selected by Spanish neobank Rebellion Pay to enhance its anti-money laundering (AML) and risk profiling capabilities.
Rebellion Pay is Sentinels’ first neobank and first Spanish client
Rebellion Pay is Sentinels’ first neobank and first Spanish client. The bank will leverage the firm’s transaction monitoring platform to generate client risk profiles and identify suspicious transactions and behaviours.
Sentinels CEO Joost van Housten says: “By boosting the accuracy of the bank’s suspicious transaction detection, we will help its teams zero-in on real criminal behaviour, and kiss goodbye to the wasted days spent processing false-positive alerts.”
The Sentinels platform consolidates transaction data from multiple environments – across debit card transactions, peer-to-peer payments and fiat-crypto exchanges – into a unified monitoring solution.
The Dutch company claims its AI and machine learning algorithms can assess client risk and detect financial crime faster and more efficiently than previous AML and risk management platforms.
This efficiency drives down the cost of AML compliance and increases operational efficiency, Sentinels says.
Rebellion Pay CEO and co-founder Sergio Cerro says that AI and machine learning will “change the game” in digital banking.
The Madrid-based neobank claims more than 280,000 customers across Spain.
