IdentityMind Global Recognized as a Leading AML Advanced Analytics Vendor in Aite Group’s “The AML of Tomorrow: Here Today” Impact Note

IdentityMind Global Recognized as a Leading AML Advanced Analytics Vendor in Aite Group’s “The AML of Tomorrow: Here Today” Impact Note

Ongoing Product Innovation Incorporating Advanced Technologies Enhances Detection, Reduces the Cost of Compliance While Increasing Operational Efficiencies  

PALO ALTO, CA., August 2, 2018 – IdentityMind Global™, Digital Identities You Can Trust, today announced that the company was named a Leading AML Advanced Analytics Vendor in the July 2018 “The AML of Tomorrow: Here Today” Impact Note.

The Aite Group Impact Note is based on Aite Group interviews with 42 executives from financial institutions (FIs), money transmitters, AML vendors, and two former regulators turned AML consultants from Q4 2017 to Q2 2018.

“We’re pleased to be named a Leading AML Advanced Analytics Vendor in Aite Group’s Impact Note and view it as further validation of our pioneering digital identities-based platform,” said Jose Caldera, Chief Products and Marketing Officer, IdentityMind Global. “Ongoing product innovation as evidenced by our recent Version 2.0 release – shifting focus to users and their behaviours, and incorporating advanced technologies such as machine learning, predictive analytics, and upcoming robotic process automation and natural language processing – is key to helping our clients enhance detection, prevent money laundering and terrorist financing, while reducing the cost of compliance and increasing operational efficiencies.”  

IdentityMind recently announced the availability of Version 2.0 of its award-winning, trusted digital identities platform for risk and compliance. The new platform is focused on advancing transaction monitoring for anti-money laundering (AML) through the introduction of a user-centric, risk-based approach, which regulators and compliance officers favor. It is designed to provide users with the industry’s most accurate and efficient AML compliance results through dynamic modeling, a transparent access framework, and contextual identity analysis designed to help supercharge a company’s compliance efforts.

Version 2.0 represents the culmination of years of research in digital identities, machine learning, anomaly detection, regulatory compliance, product development and close consultation with IdentityMInd clients. It enables clients’ compliance and risk analysts to put in place a risk-based approach based on the understanding of the user behind the transaction.

“The threat environment continues to rapidly evolve and grow, with criminals mixing sophisticated and innovative tactics with the tried and true,” said Julie Conroy, Research Director for Aite Group’s Retail Banking & Payments practice covering fraud, data security, anti-money laundering, and compliance issues. “Companies like IdentityMind, with a demonstrated track record of innovation incorporating advanced technologies, are at the forefront of helping financial service firms increase efficiencies and detection.”

To read the full Aite Group “The AML of Tomorrow: Here Today” Impact Note click here or contact [email protected]

IdentityMind was also highlighted in Aite Group’s May 2018 Impact Note, “Synthetic Identity Fraud: The Elephant in the Room.” This Impact Note defines synthetic identity fraud, establishes a sizing for its impact on the U.S. credit card market, and discusses emerging vendor solutions such as IdentityMind.

IdentityMind was recently named the recipient of two top industry awards: CIO Review’s 50 Most Promising FinTech Solution Providers and Disruptor Daily’s 10 RegTech Companies Making Waves in the Industry.


About IdentityMind Global

IdentityMind Global, Digital Identities You Can Trust, provides a SaaS platform that builds, maintains and analyzes digital identities worldwide, allowing companies to perform identity proofing, risk-based authentication, regulatory identification, and to detect and prevent identity fraud. Built-in transaction monitoring enables e-commerce fraud prevention, anti-money laundering (AML), and counter terrorism financing (CTF). Our patented eDNA technology securely tracks the entities involved in each transaction (e.g. onboarding, account origination, money transfers, online payments, etc.) to build unique digital identity trust reputations. This reputation is anonymously shared between customers in IdentityMind’s Global Identity Network. For more information, visit IdentityMind on Web, Twitter, LinkedIn, Facebook, Blog, and Google+.

© 2018 IdentityMind Global. All rights reserved. IdentityMind Global and the IdentityMind logo are trademarks or registered trademarks of IdentityMind Global in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

Media Contacts

Dan Rampe
Director of Corporate Communications
IdentityMind Global
Tel: 415-205-9378
Email: [email protected]



Let's Talk Support