Choose among AML modules and platform functionality to create AML solution perfect for your unique needs
Financial institutions in the U.S. and around the world vary tremendously in size, market, and books of business. At AML Partners, we honor our clients’ unique needs by offering “pay-for-what-you-need” pricing.
Pay-for-what-you-need pricing of our RegTech platform with end-to-end AML options offers a flexible approach to pricing. We empower customers to select and pay for specific features or services aligned with their compliance requirements.
Modular pricing lets institutions better control their AML solutions
Our pay-for-what-you-need pricing leverages the premise of modular pricing. Our RegTechONE platform includes modules for every element of AML Compliance and GRC. Each client’s purchase of the RegTechONE platform—already loaded with Risk-based analytics and tools—includes only the modules that client selects. This allows customers to tailor their AML software package to their specific needs.
For instance, a financial institution can opt for customer due diligence KYC CDD onboarding and AML transaction monitoring modules while excluding sanctions screening if they have a dedicated sanctions screening solution in place. Moreover, AML Partners can work with each client to integrate on the RegTechONE platform modules and tools from other vendors.
Pay-for-what-you-need pricing supports scalability and growth over time
A key advantages of this pricing model lies in its scalability. Financial institutions can scale their platform-based AML software as their business evolves or their compliance needs change.
With the RegTechONE platform and modular pricing, institutions can easily add or remove modules as necessary without the need for a complete overhaul of their software infrastructure.
This scalability not only accommodates growth, but it also enables organizations to allocate their compliance budget more effectively. RegTechONE clients avoid unnecessary costs associated with features or services that do not align with their operations or regulatory obligations.
Modular pricing options support customization options integrated in platform solution
Additionally, pay-for-what-you-need pricing on RegTechONE encourages other cost savings. With the no-code RegTechONE platform, clients configure their selected modules into an AML Compliance solution that precisely aligns with their industry, jurisdiction, and risk profile.
This customization ensures that RegTechONE institutions invest in the specific tools and capabilities required to meet their compliance objectives. Our clients don’t incur expenses on unnecessary features. And they don’t get mired in custom-coding projects.
Pay-for-what-you-need platform supports adaptability in ever-evolving AML Compliance landscape
Another benefit of our pay-for-what-you-need pricing model lies in its adaptability to changing AML Compliance landscapes. Organizations can easily respond to evolving regulations or emerging risks by adding or adjusting modules as needed.
In recognition of that need for adaptability, AML Partners prioritizes transparency in the costs associated with each module or feature. RegTechONE customers understand what they are paying for and can budget accordingly.
Our clients can also explore optional features or services, such as enhanced reporting, analytics, or support packages to further customize their AML software solution on the RegTechONE platform.
A big part of the value of a platform solution for AML Compliance and GRC lies in its expandability via API interfaces. AML Partners offers end-to-end AML Compliance modules on RegTechONE. And we help our clients integrate any and all of their preferred tools for identify verification, Perpetual KYC data subscriptions, and so much more.
Flexibility, scalability, cost savings, customization, and adapatability
In summary, the pay-for-what-you-need pricing model in AML software offers flexibility, scalability, cost savings, customization, and adaptability. It empowers organizations to make strategic and cost-effective choices in their compliance efforts. This ensures that they invest in the precise tools and capabilities necessary to meet their AML obligations while avoiding unnecessary expenses. This model remains particularly valuable in navigating the ever-evolving landscape of AML regulations.
Modular pricing for RegTechONE platform for AML Compliance–pay for what you need in AML, GRC
With AML Partners’ platform technology for RegTech, updating and upgrading your AML and eGRC software solutions is easier, faster, and much less expensive. Contact us today to explore how platform technology and our end-to-end AML Ecosystem powered by the RegTechONE platform–can transform the efficiency and effectiveness of your unique AML Compliance efforts. RegTechONE software for AML Compliance includes fully integrated modules for CDD KYC software for on-boarding, behavior and transaction monitoring software, and sanctions screening software for comprehensive AML screening. And AML Partners simplifies your end-to-end fully integrated AML Compliance efforts even further with an optional Subpoena Search module for FinCEN 314a and similar subpoena searches. Contact us today to learn about our proof-of-concept option or schedule a demo of RegTechONE, the AML software ecosystem. With extraordinary configurability and built for API extensibility, the RegTechONE AML software platformpowers not only an end-to-end AML software solution but also vendor management, AML client lifecycle management, eKYC Golden Records, Perpetual KYC, and so much more.
