Azentio AML Transaction Monitoring Recognised by Celent

SINGAPORE, July 26, 2023 –

SINGAPORE, July 26, 2023 – Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners – offering a range of innovative software products – has been featured in Celent’s recently published Technical Capabilities Matrix, a part of the report, Financial Crime Compliance Technology: AML Transaction Monitoring Edition – 2023. Azentio’s AML Transaction Monitoring has been identified under the ‘Noteworthy Solution’ category in the report published by Celent, the leading research and advisory firm focused on technology for financial institutions.

The report analyzes the capabilities of AML transaction monitoring systems of software providers worldwide, to support the evolving technology requirements of financial institutions. It aims at helping them and other regulated companies better understand the vendor landscape and compare providers’ solutions, and is based on Celent’s ABC methodology to position systems across three dimensions, namely, Advanced Technology, Breadth of Functionality, and Customer Base & Support.

The ‘Noteworthy Solution’ recognition by Celent came on account of the capabilities and effectiveness of the Azentio Banking Risk & Analytics platform, which is used by over 100 financial institutions across the globe.

Neil Katkov, PhD, Director Risk at Celent,

and also one of the authors of the report, said, “Azentio’s AML Transaction Monitoring solution offers price performance, machine learning-enabled  detection, a large rules library, network analysis, and regulatory reporting capabilities across many jurisdictions. Azentio’s implementation and support capabilities in particular are rated highly by Azentio’s clients.”

L Guru Raghavendran, Senior Vice President, Banking & Capital Markets at
Azentio Software,

stated, “Today’s complex transaction monitoring requirements call for robust and exceptionally agile technology platforms that are critical in helping  financial institutions analyse large volumes of data to identify fraudulent activity patterns well in advance. Azentio has been investing significantly into its financial crime management solution to ensure features such as business intelligence and machine learning benefit our clients, while also driving customer satisfaction and business growth for them. In this context, it is an honour to recognise the strength of our AML solution in Celent’s comprehensively researched and acclaimed transaction monitoring technology report.” The report, authored by Neil Katkov and Ian Watson, features profiles of 17 incumbent and new entrant providers of behavior detection solutions, and includes Celent’s analysis of the software products, key features and analytics, selling and servicing details.