Logo
  • Cases & Projects
  • Developers
  • Contact
Sign InSign Up

© Copyright 2025 Many.Dev. All Rights Reserved.

Product
  • Cases & Projects
  • Developers
About
  • Contact
Legal
  • Terms of Service
  • Privacy Policy
  • Cookie Policy
Development of a RegTech KYC/AML Platform for Underserved Financial Sectors
  1. case
  2. Development of a RegTech KYC/AML Platform for Underserved Financial Sectors

This Case Shows Specific Expertise. Find the Companies with the Skills Your Project Demands!

You're viewing one of tens of thousands of real cases compiled on Many.dev. Each case demonstrates specific, tangible expertise.

But how do you find the company that possesses the exact skills and experience needed for your project? Forget generic filters!

Our unique AI system allows you to describe your project in your own words and instantly get a list of companies that have already successfully applied that precise expertise in similar projects.

Create a free account to unlock powerful AI-powered search and connect with companies whose expertise directly matches your project's requirements.

Development of a RegTech KYC/AML Platform for Underserved Financial Sectors

synodus.com
Financial services
Telecommunications
Utilities

Challenge

Existing RegTech solutions primarily cater to large financial institutions, leaving smaller financial ventures vulnerable to money laundering risks and lacking affordable compliance options. The client sought a cost-effective and adaptable solution to address these challenges.

About the Client

A RegTech startup focused on providing affordable Anti-Money Laundering (AML) compliance solutions to microfinance firms, remittance services, and rural banks, targeting underserved markets.

Project Objectives

  • Develop a microservices-based KYC/AML platform.
  • Reduce development costs by 30% compared to traditional approaches.
  • Ensure platform scalability to accommodate growth in user base and transaction volume.
  • Meet all relevant KYC/AML regulatory requirements.
  • Provide a user-friendly interface for small to mid-sized financial institutions.

Functional Requirements

  • Digital Customer Onboarding with Identity Proofing
  • Automated Watchlist Screening
  • Know Your Customer (KYC) Process Management
  • Nature & Purpose Risk Assessment
  • Secure Data Storage and Encryption
  • Reporting and Audit Trail

Preferred Technologies

AWS
ReactJS
NodeJS
Kafka
Redis
Kubernetes

Integrations Required

  • Third-party KYC data providers
  • Banking APIs

Key Non-Functional Requirements

  • High Scalability
  • High Availability
  • Security Compliance (e.g., GDPR, CCPA)
  • Performance (low latency)
  • Maintainability

Expected Business Impact

The project is expected to enable Synodus to offer a significantly more affordable and accessible KYC/AML solution to underserved financial sectors, leading to increased market penetration and a positive social impact by combating money laundering and financial crime.

More from this Company

Accelerating Data Preparation and Real-Time Reporting for a Leading Vietnamese Commercial Bank
Digital Transformation of Outdated Securities Platform into Modern, User-Centric Fintech Solution
Digital Transformation of Pharmaceutical ERP System for Scalable Operations
Development of Integrated Data Analytics Platform for Multi-Brand Restaurant Chain
Development of a Blockchain-Based Online Travel Agency Platform with Scalable Infrastructure