Latest news with #RomanEloshvili
Malaysian Reserve
13 hours ago
- Business
- Malaysian Reserve
ComplyControl Launches SafeStart Program to Offer Fintech Startups Full-Scale Compliance Support
LONDON, July 30, 2025 /PRNewswire/ — ComplyControl, a UK-based provider of AI-powered compliance solutions, is excited to announce the launch of ComplyControl SafeStart — a dedicated program for fintech startups across the EU and UK. With a mission to help early-stage companies build trust, scale faster, and stay compliant from day one, SafeStart offers access to ComplyControl's full suite of compliance services. Compliance is a costly and complicated hurdle for startups to overcome. Data shows that small businesses spend an average of $7,000 per employee annually on compliance — nearly 60% more than large companies. For new businesses operating on a tight budget, that's a heavy pressure. But cutting corners is riskier, since it can lead to regulatory fines, loss of investor trust, failed partnerships, and outright business shutdowns. So, in the end, non-compliance is even costlier. ComplyControl SafeStart program is designed to ease this burden, helping startups integrate advanced compliance solutions from day one without the fear of complexity or high costs. Startups accepted into the program will receive: Free access to all ComplyControl tools — including real-time transaction monitoring, AI-driven AML & CTF detection, sanctions screening, and policy gap analysis — for up to 50,000 transactions per month. 12 months of free usage with no hidden fees or limited features — enough time to integrate the tools and assess their effectiveness. Unlimited no-code rule creation to configure the system in days, not months. Early access to new features, expert guidance from the ComplyControl team, and a flexible transition to commercial terms after the first year. ComplyControl SafeStart offers startups unrestricted access to the same powerful compliance tools that are already used by established financial institutions that have partnered with the company. Its platform makes use of advanced AI to process transactions in under five seconds, reduce false positives by up to 80%, and simplify daily compliance operations through a user-friendly interface and explainable screening results. Just as important, ComplyControl's team doesn't just hand over the software and tell you to figure it out yourself. They act as mentors, sharing their own expertise and offering ongoing support to help startups navigate the early stages of compliance with confidence. 'The field of compliance grows perpetually more complex every day, making it a major roadblock for many fintechs who are just taking their first steps towards growth. With ComplyControl SafeStart, we want to remove that burden and let startups focus on building great products while we take care of the compliance side of things,' — says Roman Eloshvili, Founder of ComplyControl. Startups can apply for the program either through the company's website or by contacting the team directly at support@ About ComplyControl ComplyControl is a UK-based provider of AI-driven services that improve risk management and ensure regulatory compliance for financial organisations of all sizes. The company specialises in AI-powered solutions that make compliance faster, smarter, and more cost-effective. Recognised by TechRound as one of the UK's Top 50 Fintech Startups in 2025, ComplyControl holds to the mission of simplifying regulatory compliance and helping financial organisations stay ahead of the ever-evolving risks. ComplyControlinfo@ Photo – –
Business Insider
15 hours ago
- Business
- Business Insider
ComplyControl Launches SafeStart Program to Offer Fintech Startups Full-Scale Compliance Support
ComplyControl, a UK-based provider of AI-powered compliance solutions, is excited to announce the launch of ComplyControl SafeStart — a dedicated program for fintech startups across the EU and UK. With a mission to help early-stage companies build trust, scale faster, and stay compliant from day one, SafeStart offers access to ComplyControl's full suite of compliance services. Compliance is a costly and complicated hurdle for startups to overcome. Data shows that small businesses spend an average of $7,000 per employee annually on compliance — nearly 60% more than large companies. For new businesses operating on a tight budget, that's a heavy pressure. But cutting corners is riskier, since it can lead to regulatory fines, loss of investor trust, failed partnerships, and outright business shutdowns. So, in the end, non-compliance is even costlier. ComplyControl SafeStart program is designed to ease this burden, helping startups integrate advanced compliance solutions from day one without the fear of complexity or high costs. Startups accepted into the program will receive: Free access to all ComplyControl tools — including real-time transaction monitoring, AI-driven AML & CTF detection, sanctions screening, and policy gap analysis — for up to 50,000 transactions per month. 12 months of free usage with no hidden fees or limited features — enough time to integrate the tools and assess their effectiveness. Unlimited no-code rule creation to configure the system in days, not months. Early access to new features, expert guidance from the ComplyControl team, and a flexible transition to commercial terms after the first year. ComplyControl SafeStart offers startups unrestricted access to the same powerful compliance tools that are already used by established financial institutions that have partnered with the company. Its platform makes use of advanced AI to process transactions in under five seconds, reduce false positives by up to 80%, and simplify daily compliance operations through a user-friendly interface and explainable screening results. Just as important, ComplyControl's team doesn't just hand over the software and tell you to figure it out yourself. They act as mentors, sharing their own expertise and offering ongoing support to help startups navigate the early stages of compliance with confidence. 'The field of compliance grows perpetually more complex every day, making it a major roadblock for many fintechs who are just taking their first steps towards growth. With ComplyControl SafeStart, we want to remove that burden and let startups focus on building great products while we take care of the compliance side of things,' — says Roman Eloshvili, Founder of ComplyControl. Startups can apply for the program either through the company's website or by contacting the team directly at support@ ComplyControl is a UK-based provider of AI-driven services that improve risk management and ensure regulatory compliance for financial organisations of all sizes. The company specialises in AI-powered solutions that make compliance faster, smarter, and more cost-effective. Recognised by TechRound as one of the UK's Top 50 Fintech Startups in 2025, ComplyControl holds to the mission of simplifying regulatory compliance and helping financial organisations stay ahead of the ever-evolving risks.
Yahoo
12-07-2025
- Business
- Yahoo
I'm a Bank Expert: 7 Reasons You Should Ditch Your Traditional Bank for an Online Bank or Neobank in 2025
According to a MarketWatch Guides survey, 56% of Americans access their banking accounts primarily through mobile apps, and only 16% regularly visit physical bank branches. The survey also revealed that 13% of Americans never visit a bank. During the Capital One outage earlier in the year, many banking customers were unable to access their accounts and funds. While online banks and neobanks are gaining popularity, not everyone has an account yet. Read Next: Explore More: Why should people consider a switch to an online bank or neobank this year? Here are seven reasons you could consider making the switch and how they could benefit your finances. 'If you're like the majority of Americans who rarely visit their physical bank, you're essentially paying higher fees and accepting lower interest rates to make up for the costs of maintaining physical locations,' said Laurie Sepulveda, a CEPF and MarketWatch Guides banking expert. If you're already banking digitally, you may not require access to a physical branch. You'll want to think about the last time you went in person. The reality is that you could be paying banking fees for a physical location that you may never visit. Be Aware: 'Most neobanks operate without the need to maintain physical branches, which often means lower fees for their services, better interest rates and more savings for end users,' said Roman Eloshvili, a banking expert and founder of XData Group. Digital banks and neobanks generally offer lower fees and better rates, as they don't incur the expenses associated with maintaining physical locations to provide in-person banking services. The savings can be passed down to customers, and you could keep more of your money in your account. Sepulveda pointed out that online banks lead in digital security because it's part of their core business model, not an add-on service. 'Traditional banks have legacy systems that present more challenges for securing both digital and physical access points,' she said. Online banks can also offer more advanced features, such as fraud monitoring, biometric authentication and instant account alerts. This additional security and innovation can help you save money by avoiding potential issues with fraud. Traditional banks may not always have the best user experience when it comes to apps and online financial transactions. Eloshvili noted that the user experience as a whole is generally better with digital banks, as users can receive instant notifications, full access to a suite of tools and 24/7 support. Many younger banking customers are accustomed to living on their smartphones and expect to be able to conduct their banking and financial transactions through apps. You can start by going over the reviews of online banks or neobanks to see what others are saying to ensure that you have your money stored somewhere where you can easily access it and handle your transactions smoothly. Sepulveda said that, according to a MarketWatch Guides survey, the most popular banking activities are paying bills, transferring funds between accounts and tracking spending. Since online banks make these tasks easier and more efficient, it may make sense to make the switch to match your banking habits. Online banks can also offer higher-quality budgeting tools, from spending categorization to financial insights. If you're looking to gain a better understanding of your finances or get better with your spending habits, you can use these tools to assist you. Since online banks and neobanks are built for the digital world, they also do a great job accommodating that demand. The experts pointed out that you can get faster service and greater control over your finances. You won't have to make an appointment with a consultant or wait in long lines when you have any questions. Most of the time, all of the financial help you could ask for is available at your fingertips. This means if you're looking for advice on paying down debt, saving up for a home or figuring out your retirement accounts, you could likely find it easier with a bank that's set up for the digital experience. Eloshvili emphasized that many neobanks facilitate the management of multiple currencies, including access to crypto assets. Since these accounts are constantly evolving to meet modern financial habits, you'll likely have greater flexibility over how you manage your finances and investing habits. Since traditional banks can struggle to keep up, you'll want to think about making the switch to an account that matches what you're looking for. More From GOBankingRates 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on I'm a Bank Expert: 7 Reasons You Should Ditch Your Traditional Bank for an Online Bank or Neobank in 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
11-07-2025
- Business
- Finextra
ComplyControl becomes UK Finance associate member
The ComplyControl UK Finance Membership is a big step forward for the regtech company as it expands its presence in the UK financial ecosystem. ComplyControl is an associate member of UK Finance, which gives it access to important industry conversations that are shaping the future of compliance, regulation, and risk management. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. ComplyControl made its entry into the UK market in 2024, with a clear mission of making regulatory compliance more accessible for all financial organizations through AI-driven solutions. In just a year, the company has achieved tremendous progress, having been named a finalist in the UK Startups 2025 ranking and recognized in both the AITech35 2025 and FinTech50 2025 lists by TechRound. Becoming part of UK Finance is yet another major milestone and a clear sign of the trust ComplyControl has built within the industry. UK Finance represents over 300 firms and represents the centre of the UK's financial services sector. The association's members work together to enhance trust and expertise across this landscape. Having now also become a part of this effort, ComplyControl aims to ensure that the UK remains a safe, innovative, and responsible global leader in finance. 'Achieving our membership in UK Finance marks an important step forward in our journey to reshape compliance,' said Roman Eloshvili, Founder of ComplyControl. 'We look forward to collaborating with industry leaders and bringing our solutions to more financial market players across the UK. Together, we can help shape a safer financial ecosystem for tomorrow.' ComplyControl's team fully shares UK Finance's values of integrity, excellence, and leadership. The company is committed to driving innovation and setting new standards for the quality of services and best practices for the industry. Its vision is to reduce the barriers to effective compliance by leveraging AI and modern technologies, helping financial institutions of all sizes manage risks and stay ahead of ever-evolving regulatory demands. 'We're thrilled to be joining forces with UK Finance and its network, equipping financial firms in this region with the technologies and expertise they can use to better protect their customers and remain competitive in an increasingly complex landscape,' added Mr. Eloshvili. 'We are delighted to welcome ComplyControl to our Associate Membership at UK Finance. Our Associate Membership is open to organisations that support the financial services industry and enhance our work and benefit our members. We look forward to working collaboratively with their team through various events and thought leadership where they can share their expertise,' said Jason Cole, Director, Associate Membership & Strategic Partnerships.
Business Insider
11-07-2025
- Business
- Business Insider
Strengthening UK Ties: ComplyControl Becomes Associate Member of UK Finance
ComplyControl, a provider of cutting-edge AI-driven solutions for banks and financial institutions, is excited to announce that it has officially become an Associate Member of UK Finance, the leading trade association for the UK financial services sector. ComplyControl made its entry into the UK market in 2024, with a clear mission of making regulatory compliance more accessible for all financial organizations through AI-driven solutions. In just a year, the company has achieved tremendous progress, having been named a finalist in the UK Startups 2025 ranking and recognized in both the AITech35 2025 and FinTech50 2025 lists by TechRound. Becoming part of UK Finance is yet another major milestone and a clear sign of the trust ComplyControl has built within the industry. UK Finance represents over 300 firms and represents the centre of the UK's financial services sector. The association's members work together to enhance trust and expertise across this landscape. Having now also become a part of this effort, ComplyControl aims to ensure that the UK remains a safe, innovative, and responsible global leader in finance. 'Achieving our membership in UK Finance marks an important step forward in our journey to reshape compliance,' — said Roman Eloshvili, Founder of ComplyControl. 'We look forward to collaborating with industry leaders and bringing our solutions to more financial market players across the UK. Together, we can help shape a safer financial ecosystem for tomorrow.' ComplyControl's team fully shares UK Finance's values of integrity, excellence, and leadership. The company is committed to driving innovation and setting new standards for the quality of services and best practices for the industry. Its vision is to reduce the barriers to effective compliance by leveraging AI and modern technologies, helping financial institutions of all sizes manage risks and stay ahead of ever-evolving regulatory demands. 'We're thrilled to be joining forces with UK Finance and its network, equipping financial firms in this region with the technologies and expertise they can use to better protect their customers and remain competitive in an increasingly complex landscape,' — added Mr. Eloshvili. "We are delighted to welcome ComplyControl to our Associate Membership at UK Finance. Our Associate Membership is open to organisations that support the financial services industry and enhance our work and benefit our members. We look forward to working collaboratively with their team through various events and thought leadership where they can share their expertise" Jason Cole, Director Associate Membership & Strategic Partnerships. ComplyControl is a UK-based provider of AI-driven services that improve risk management and ensure regulatory compliance for financial organizations of all sizes. The company specializes in AI-powered solutions that make compliance faster, smarter, and more cost-effective. From automated transaction screening against sanctions lists to real-time fraud detection and behavioural analysis, our tools help banks reduce manual workloads and stay resilient against financial crime.
