ComplyAdvantage Partners with Form3

June 7, 2017 4 minute read

ComplyAdvantage is proud to announce a partnership with Form3, the leading Payments-as-a-Service platform, to enhance their sanctions screening and security for cross border payments. Form3 brings a fresh approach to payments technology, streamlining processing and customer experience and needed a trusted AML data provider that is as flexible and agile as they are. Using ComplyAdvantage’s AI-driven data and screening technology Form3 can now offer customers everything they need in one place to make and receive payments quickly and safely via the cloud – ensuring they fulfil regulatory requirements, safeguard reputation and prevent financial crime.

Read the press release in full below: 

Form3 partners with ComplyAdvantage to further support sanctions screening and security

Form3, the cloud based end-to-end secure standard for global payments processing, today announced the partnership with ComplyAdvantage, the specialist provider of AI-driven risk data and compliance technology. The deal will further enhance the Form3 Payments-as-a-Service platform with powerful sanction screening services for cross border payments. This will allow clients to access sanction screening services, PEP (Politically Exposed Persons) and Adverse Media information on beneficiaries for payments processed through the Form3 platform.

and Form3 will allow clients to access everything they need to make and receive payments safely, quickly and easily in one place via the cloud, whilst being confident they are fulfilling regulatory requirements and safeguarding their reputation. .

By integrating the ComplyAdvantage flexible API, Form3 clients will have instant access to data sets on millions of records updated daily utilising secure machine learning algorithms, combined with highly configurable screening parameters to help them comply with regulatory requirements.

Mike Walters, Chief Product Officer at Form3, says: “At Form3 we are in continual discussion with clients where the topic of proactive security and compliance is at the top of their agenda. There is a clear need to enhance the entire payment processing experience, including supporting compliance teams. Our partnership with ComplyAdvantage solves this problem for sanction and AML screening services by accessing comprehensive data automatically – which is updated in real-time from around the globe and built on smart, proven technology”.

Stephen Ball, VP of Sales and Marketing at ComplyAdvantage, said: “We are delighted to be working with Form3. A key challenge facing our mutual clients has always been how to integrate RegTech with the payments process quickly and easily, while offering faster payments and a seamless customer experience . We are passionate about tackling financial crime and share with Form3 the desire to leverage modern, API and cloud based technology to make a big difference to banks and fintechs”.

For further press information please contact:

Shamira Alidina, Media Relations Director, Dina Communications

Tel +44 (0) 7801 590718


Notes to Editors

About Form3

Form3 is a fresh approach to payment technology and servicing in the cloud. Form3 provides complete end-to-end Payments-as-a-Service for financial institutions and regulated financial technology firms. Reliable and secure cloud-based access to FPS, BACS, CHAPS, SEPA & SWIFT payment schemes and bank partnerships. The service is robust and reliable, trusted by the worlds leading financial institutions. Form3 streamlines and simplifies the operation and cost of payments processing, delivering value back to the business. Form3’s API is a single point of simple access to the full universe of payment schemes. Future-proofed at the point of delivery for complete peace of mind, the result is a straight-forward, easy to use and hassle-free Payments-as-a-Service. Visit

About ComplyAdvantage

ComplyAdvantage helps firms make intelligent choices when complying with regulations relating to sanctions, money laundering (AML), terrorist financing (CFT), bribery and corruption.

Its unique proprietary database of individuals, organisations and associated entities provides dynamic real-time insight into financial crime risks. Their screening platform helps to safely automate the risk assessment of customers and transactions, and their real-time analytics enable firms to monitor customer activity and spot suspicious behaviors.

ComplyAdvantage uses artificial intelligence, machine learning and big data analytics to help firms not only to manage their compliance and risk obligations but to prevent the occurrence of financial crime.

Founded in 2014 and headquartered in New York and with offices in London, UK and Romania ComplyAdvantage works with some 200 firms in the financial markets and other regulated and high-risk sectors.

ComplyAdvantage is a trading name of IVXS UK Ltd

Website: /