AMLYZE, a leading RegTech company specializing in anti-financial crime solutions for FinTechs, will serve Bendras finansavimas, the operator of the peer-to-peer lending and crowdfunding platform Savy, as the primary anti-money laundering prevention and compliance solutions provider.

Savy platform will use AMLYZE’s all core modules, including customer risk assessment, retrospective transaction monitoring, case management, and international sanctions screening.

The signed contract marks Savy's commitment to the highest standards of compliance and financial crime prevention.

This is already the second peer-to-peer lending platform that has chosen AMLYZE compliance service modules.

“Money laundering and terrorist financing requirements are becoming relevant not only for financial institutions directly involved in payments but also for all those businesses whose activities are closely related to the flow of financial transactions. We’re glad to support Savy in their approach towards reinforcing internal controls by leveraging AMLYZE anti-financial crime solutions”, says Gabrielius Bilkštys, CEO and founder of AMLYZE.

In total, more than 80 million euros worth of loans have been financed through Savy since it was launched.

Savy is one of the first Lithuanian FinTech startups and the first peer-to-peer lending platform, founded in 2014. Since its inception, Savy has provided more than €80 million loans to people and businesses and paid out more than €12 million interest to investors.

"As the requirements for FinTech institutions to ensure the prevention of money laundering and the financing of terrorism become more stringent and the controls more rigorous, we decided to entrust this task to market experts when planning our international expansion," notes Danatas Čerjazdanovas, the CEO of the company Bendras finansavimas.