Press Release Chicago - Dec 30, 2019

KYC2020 Awarded as a Global Leader in AML Compliance by RegTech Analyst.

KYC2020 LLC, a leader in AML/CFT compliance software and services, announced its selection to the 2020 RegTech 100. The RegTech Analyst annually awards this honor to 100 companies out of over 1000 candidates across 23 countries. These are the world's most innovative companies that use technology to solve a significant industry problem, or to generate cost efficiencies across the compliance function.

KYC2020 provides a range of AML compliance solutions, from Global Sanction and PEP watchlist data to intelligent AI/ML based screening and decisioning tools for customer due diligence (CDD) and KYC compliance. KYC2020's team of CAMS™ certified AML specialists combine next-generation technology with their deep understanding of MSBs, ICOs, and cryptocurrency operations to deliver compliant AML solutions that are low friction and cost effective.

Existing compliance solutions are severely over-priced and outdated for today's digital marketplace, and often not even effective in fighting financial crime. "It's no wonder that many FinTech entrepreneurs see AML compliance as this vast 'Regulatory-Industrial Complex' that just gets in the way of financial inclusion and innovation," said Rajeev Bahri, CFA™ CAMS™, co-founder and Managing Director of KYC2020. "We are here to change that mindset with a very simple product philosophy that effective compliance does not have to be complicated or costly. We are proud to be recognized by RegTech 100 for shaping the future of regulation technology," said Bahri.

In 2019, KYC2020 noted that too many early stage FinTech firms operated without a proper risk-based approach for AML compliance. They lacked the tools, expert advice, or the proper budget to put together an effective risk-based AML compliance program. Rather than selling them tools they didn't need or would have used ineffectively, KYC2020 expanded its product roadmap and introduced a free AML Compliance Toolkit to help FinTech innovators get started with an effective AML regime.

FinTech firms can use the free toolkit to conduct an AML/CFT risk assessment, and to identify the sanction and PEP watchlists they should be screening to avoid under or over-screening. Soon, they will be able to use the toolkit to build their AML policy, design their training program, and conduct their annual effectiveness reviews.

FinTech firms can get started with a free 1-hour consultation with an AML specialist and then work independently with the tools to complete their AML program. They can also tap into KYC2020's network of qualified CAMS™ certified AML specialists to help them with their compliance program. "We use the toolkit to improve client collaboration efficiencies to deliver on our goal of quality within time and cost budgets," said Joseph Iuso, CAMS™, co-founder and head of KYC2020's Consulting Practice.

"Employing RegTech solutions to modernize the compliance function is now mission-critical for financial institutions globally," said Mariyan Dimitrov, head of research at RegTech Analyst. The RegTech 100 list helps compliance professionals evaluate solutions that have market potential and a lasting impact on the industry. A full list of the 2020 RegTech 100 is available at

About KYC2020

KYC2020 was founded in 2016 to meet the sanction screening requirements of Money Service Businesses (MSBs). The company has continued to aggressively expand its product roadmap ever since. KYC2020's product strategy is founded on good data. The company is one of the very few sanction screening solution providers that builds and manages its own global sanction and PEP watchlists database. This product strategy allows KYC2020 to control the quality of their data and serve as the most affordable sanction screening solution provider in the marketplace.

In 2018, KYC2020 introduced DecisionIQ™, an AI/ML based screening service that delivers real-time actionable decisions on whether to approve or deny screened individuals or entities. DecisionIQ virtually eliminates the need for manually clearing false positives and managing the associated paperwork. In 2019, KYC2020 introduced its free AML Compliance Toolkit to help FinTech innovators better understand their risks and get started with their AML compliance programs. In Q1, 2020, KYC2020 will introduce its Adverse Media solution and continue to expand its AML Compliance Toolkit and network of CAMS™ certified AML specialists to help FinTech innovators cost-efficiently meet their compliance requirements.

For more information on how we are supporting the march towards financial inclusion, visit If you are a qualified AML specialist who believes that effective compliance does not have to be costly or complicated, join our consultant network by contacting us at [email protected].

External Link:

See our other news

Please Wait