Learn practical advice on how to select transaction monitoring vendors through the RFP process.
Choosing the right AML Transaction Monitoring vendor is a demanding process; detection accuracy, regulatory coverage, data security, model governance—every component must align perfectly, and at the right cost.
To simplify your evaluation, we’ve compiled a complete set of questions to ask any AML TM vendor. This blueprint covers every critical aspect of a robust, compliant monitoring system, including:
- Transaction monitoring engine
- Rule logic & typology coverage
- Machine learning & behavioral analytics
- Case management and alert handling
- FIU (SAR/STR) reporting
- Regulatory alignment (FATF, AMLD6, FinCEN, MAS, FCA)
- Model governance & explainability
- Data security and certifications
- Integrations and data ingestion
- Commercials and SLAs
Equip yourself with this comprehensive guide based on our extensive experience responding to enterprise-grade AML RFPs. Designed to help you run an efficient, structured procurement process—and choose the monitoring solution truly worthy of your time.
Designed for modern compliance teams
Whether you're a bank, PSP, exchange, lender, or iGaming operator — this blueprint saves weeks of work and eliminates guesswork.
