Vilnius-based RegTech company AMLYZE has signed a partnership with Perlas Finance, one of Lithuania’s largest payment service providers, to provide its compliance technology across Perlas’s extensive retail payment network. Perlas, which operates more than 2,500 physical payment terminals alongside its digital services, will use AMLYZE’s transaction monitoring, risk assessment, and sanctions screening tools to manage regulatory obligations and financial crime risks. For AMLYZE, the partnership marks another step in expanding its footprint among mainstream financial services providers in the Baltics, as regulators and customers increasingly demand stronger safeguards against money laundering and fraud.
AMLYZE develops Software-as-a-Service tools to help financial institutions manage anti-money laundering (AML) and counter-terrorist financing (CFT) compliance. Its platform includes transaction monitoring, customer risk assessment, investigations, and sanctions screening. Founded by former regulators and AML specialists, the company serves banks, fintechs, and payment providers across Europe.
“We value the opportunity to work with Perlas Finance and support one of Lithuania’s most widely used payment service networks in their mission to prevent financial crime,” said Gabrielius Erikas Bilkštys, Chief Executive Officer at AMLYZE. “Our technology is designed to help forward-thinking financial services providers like Perlas Finance stay ahead of evolving threats while meeting regulatory expectations.”
Perlas Finance is a Lithuanian payment service provider licensed by the Bank of Lithuania to operate as an electronic money and payment institution. It runs one of the country’s largest financial services networks, with thousands of payment terminals providing access to bill payments, transfers, and cash services. Alongside its physical presence, the company offers digital payment solutions for consumers and businesses and operates in Lithuania, Latvia, and Poland.
“Our customers expect speed, convenience, and security in every transaction. As we actively develop new services, we are focused on enhancing the maturity of our compliance function, and the adoption of new tools directly contributes to this goal,” said Vitalij Rakovski, Chief Executive Officer at Perlas Finance.
By integrating AMLYZE’s innovative Software-as-a-Service (SaaS) solutions, Perlas Finance will benefit from advanced modules covering real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT investigations, and PEP, sanctions, and adverse media screening. These capabilities will enable Perlas Finance to detect and mitigate suspicious activity faster and more efficiently, ensuring ongoing alignment with regulatory requirements.
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Read the orginal article: https://arcticstartup.com/amlyze-partners-with-perlas-finance/
