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Jaya B.
JB

Which Anti-Money Laundering Tool Is Best for Small Businesses?

Curious to hear which AML solutions are proving most effective for small businesses, especially those without full-time compliance teams. The goal is finding tools that balance thorough risk checks with ease of integration and affordability.

Here are some of the top-rated tools on G2 right now:

  1. iDenfy: Specializes in ID verification and fraud prevention. Does it cover broader AML workflows, or is it better as a plug-in to other systems?
  2. Ondato: Offers KYC and AML compliance features in one platform. Wondering how well it scales with business growth and increased regulatory complexity.
  3. Sumsub: Known for fast onboarding and global compliance support. How does it handle edge cases or high-risk flags for small companies?
  4. Refinitiv World-Check Risk Intelligence: A comprehensive database for screening. Is it overkill for businesses just starting with AML processes?
  5. Incode: Focused on biometrics and ID verification. Can it serve as a full AML solution or is it mostly a front-end tool?

Would appreciate input from anyone who's tested or implemented these tools, especially in small-scale or startup environments. What’s working well, and what would you steer clear of?


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Has anyone made Sumsub work without a compliance team?

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