The top 5 AML Software Providers are:
- AML onboarding software: KYC360
- AML risk assessment software: Arctic Intelligence
- AML AI software – Lucinity
- AML transaction monitoring software – LexisNexis Risk Solutions
- Customer due diligence software – Moody’s
Complying with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations is essential to protecting the financial system and avoiding costly penalties. As threats evolve, organisations increasingly rely on scalable AML software to streamline compliance and ease the burden on teams.
This guide explores leading AML software solutions and the best practices for successful implementation.
Contents
- The key AML KYC software categories
- Factors to consider when choosing the best AML Software provider
- Our verdict on the best AML software solutions
- Best AML onboarding software
- Best AML risk assessment software
- Best AML AI software
- Best AML transaction monitoring software
- Best AML due diligence software
- AML KYC software implementation best practices
- Summary
The key AML software categories
AML onboarding software
AML onboarding software automates identity verification and initial compliance checks, including screening against sanctions and watchlists. Onboarding journeys are tailored to customer risk levels, with enhanced due diligence for high-risk clients. Digitised, centralised data enables real-time risk updates. This reduces manual effort, minimises errors, and lowers regulatory risk.
AML risk assessment software
Risk assessment software helps organisations evaluate and score customer risk profiles using real-time data such as geography, transaction patterns and red flags. It supports a proactive, risk-based approach that directs resources toward the highest-risk clients. Automated scoring improves transparency and efficiency across departments and teams.
AML AI software
AI-powered AML tools identify suspicious behaviour and complex patterns across large data sets. Machine learning enhances detection accuracy over time while reducing false positives. These tools reduce manual workload and accelerate investigation timelines, enabling teams to act faster and more effectively.
AML transaction monitoring software
Transaction monitoring software provides real-time surveillance to flag unusual activity. It integrates data from multiple sources to improve alert accuracy and reduce false positives. Customisable rules allow institutions to align monitoring with their specific risk appetite and regulatory obligations.
Customer Due Diligence (CDD) Software
CDD software automates ongoing customer verification and monitoring. It tracks changes in risk profiles, flags new concerns, and maintains a full audit trail. This supports continuous compliance while reducing reliance on manual reviews and improving data accuracy.
Factors to consider when choosing the best AML software provider
Selecting the right AML software provider is vital for safeguarding your business against financial crime and ensuring compliance in a challenging regulatory landscape. Additionally, the right provider will enable you to effectively streamline manual compliance processes, allowing teams to focus on higher-value tasks and generating operational efficiencies.
When assessing vendors, it is essential to consider the following factors.
Compliance capabilities
Does it meet all AML regulations and industry standards and is it adaptable to changes in regulations?
Scalability and integration
Can it seamlessly integrate with your system and grow as your business does? Does the implementation team have experience with systems with similar requirements?
User experience
Is it user-friendly and intuitive? Does it require minimal training? How much in-house technical knowledge is required?
Advanced analytics
Does the platform utilise AI and machine learning technology to efficiently detect complex patterns and reduce false positives?
Customisation
Can it be easily adapted to meet your own AML processes? Is it low-code or does it require complex integrations?
Vendor support
Does the vendor provide additional training and updates in line with changing FATF recommendations?
Cost-effectiveness
Does the solution offer long-term value and scalability?
Our verdict on the best AML software solutions
We’ve researched the best AML software solutions and chosen the best pick for each specific key category. All of these vendors stand out for their ease of use, comprehensive features and scalability in an evolving AML landscape.
Best AML onboarding software
Our pick: KYC360
KYC360 offers a comprehensive AML onboarding solution that combines configurability with a superior customer experience. Recognised by Chartis Research as the top onboarding solution for Wealth Management in 2024, KYC360 enables organisations to efficiently onboard both simple and complex client structures. The platform’s no-code configuration and integrations with global data providers support faster deployment and ensure regulatory compliance.
Main features:
Fully configurable no-code platform designed for rapid deployment
Unlimited risk-based onboarding journeys with visualised complex client structures
Full EU data residency with hosting options on Azure and AWS
Integrated with the world’s leading data suppliers
Enhanced customer experience with dynamic forms
Best AML Risk assessment software
Our pick: Arctic Intelligence
Arctic Intelligence offers a robust AML Risk Assessment platform designed to help organisations identify, assess, and manage financial crime risks. The software enables businesses to conduct comprehensive risk assessments across various areas, including AML, fraud, bribery, and corruption. It provides a structured framework that aligns with international regulatory standards, ensuring consistent and transparent risk evaluations. The platform’s flexibility allows customisation to suit different needs, making it suitable for various industries.
Key features:
Comprehensive risk assessment templates covering multiple financial crime areas
Customisable frameworks to align with specific regulatory requirements
Automated risk scoring and reporting for transparency and consistency
User-friendly interface facilitating collaboration across teams
Regular updates to mirror changing regulations
Best AML AI software
Our pick: Lucinity
Lucinity uses AI to enhance financial crime compliance processes. Lucinity’s AI-driven tools, such as the Luci AI Agent, automate complex investigations, reducing manual workloads and increasing productivity. The platform offers a centralised view of customer data, integrating KYC, transactional, and behavioural information to provide comprehensive insights.
Key features:
Luci AI Agent automates investigations, reducing case resolution time
Customer 360° provides an integrated view of customer behaviours and risks
Scenario-based and AI-driven transaction monitoring for comprehensive coverage
Streamlined regulatory reporting with consistent and high-quality submissions
Modular design allows seamless integration with existing systems.
Best AML transaction monitoring software
Our pick: LexisNexis Risk Solutions
LexisNexis’s AML Transaction Monitoring is a comprehensive solution designed to help financial institutions detect and prevent money laundering activities. The platform offers real-time surveillance of transactions, utilising advanced analytics and machine learning to identify suspicious behaviours and patterns. By integrating various data sources, it provides a holistic view of customer activities, enhancing the accuracy of alerts and reducing the risk of false positives. LexisNexis Risk Solutions secured second position in the 2025 Chartis Research Financial Crime & Compliance50 (FCC50).
Key features:
Real-time monitoring of transactions to detect suspicious activities promptly
Integration with multiple data sources for comprehensive risk assessment
Customisable rules and scenarios to align with specific risk requirements
Robust case management tools facilitating efficient investigations
Best AML Due Diligence software
Our pick: Moody’s
Moody’s Grid platform provides an extensive solution for Customer Due Diligence (CDD). The platform gathers data on individuals and organisations, including sanctions, watchlists, and adverse media, enabling thorough screening and monitoring. Grid’s advanced filtering and categorisation tools allow compliance teams to identify and respond to risks effectively.
Key features:
Access to over 24 million risk profiles for comprehensive screening
Continuous monitoring to detect changes in customer risk status
Integration capabilities with existing compliance workflows and systems
Regular updates to maintain current and accurate risk information
AML KYC software implementation best practices
Implementation of AML KYC software can be complex and delays may impact time to revenue. Follow these best practices to ensure successful implementation that meets your targets.
Clearly define your AML compliance goals
Ensure stakeholder buy-in early
Validate data quality before integration
Have a phased approach to rollout
Provide user training
Enable customised rules and alerts
Regularly review software performance and provide optimisations
Align on clear governance responsibilities
Summary
Overall, the increasing complexity of the AML KYC landscape necessitates the use of technology to help teams manage growing workloads. A robust AML software solution is a vital component of risk management. When choosing a vendor, organisations should carefully assess capabilities and be clear with their requirements.
We recommend reaching out to the above providers for demos or consultations to see if they can meet your requirements.
