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DX Compliance
AML transactions monitoring & reporting
- 1-20 employees
- Fintech
- B2B
- Compliance
- SaaS
- Dublin, Ireland
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Company mission
DX Compliance's mission is to make compliance for banks and FinTechs easier by providing innovative AML compliance software.
Our take
AML (Anti-money Laundering) departments are essential to ensure that a business remains compliant. Yet, with the increasing complexity of fraudulent activities due to digital tools, this can often be extremely complicated. Manually monitoring suspicious activity is almost impossible due to the complexity and quantity of transactions, and the niche requirements of different industries often make existing software solutions redundant.
DX Compliance provides AML software that leverages machine learning to automate money laundering monitoring and compliance processes, providing customizable solutions. The software can monitor transactions based on the bespoke policies of a company, report suspicious activities in real-time, log communications with authorities, and automate the overall SAR (Suspicious Activity Reporting) process.
Whilst many machine learning-driven AML and financial compliance services are already available on the market for businesses, DX Compliance has taken a unique stance by designing its software with an all-in-one approach. This allows them to provide services for payment service providers, challenger banks, digital currencies, exchanges, and private banks.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Me time
- An opportunity to change the world and work with some of the smartest and the most talented experts from different fields
- Growth potential
- Laptop of your choice
- Flexible time off + paid holidays
- Remote work
Company values
- Innovation
- Security
- Integrity
- Fairness
- Transparency
Funding (2 rounds)
Sep 2022
$0.1m
GRANT
Sep 2019
$0.2m
SEED
Total funding: $0.2m
Leadership
Daniel Dörr
(Co-Founder)Experience as Legal Team Manager for Alektum Group, and is also Founder of Independent Strategies Digital.
Simon Dix
(Co-Founder)Experience as Lecturer at Berlin School of Economics and Law. Was Deputy Money Laundering Reporting Officer for Fidor Bank AG from 2015 to 2018.