Azentio Software’s AML Transaction Monitoring Recognised by Celent as a Noteworthy Solution


Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has been featured in Celent’s recently published Technical Capabilities Matrix, a part of the report, Financial Crime Compliance Technology: AML Transaction Monitoring Edition – 2023. Azentio’s AML Transaction Monitoring has been identified under the ‘Noteworthy Solution’ category in the report published by Celent, the leading research and advisory firm focused on technology for financial institutions.

The report analyzes the capabilities of AML transaction monitoring systems of software providers worldwide, to support the evolving technology requirements of financial institutions. It aims at helping them and other regulated companies better understand the vendor landscape and compare providers’ solutions, and is based on Celent’s ABC methodology to position systems across three dimensions, namely, Advanced Technology, Breadth of Functionality, and Customer Base & Support.

The ‘Noteworthy Solution’ recognition by Celent came on account of the capabilities and effectiveness of the Azentio ONEBanking Risk & Analytics platform, which is used by over 100 financial institutions across the globe.

Based on a microservices architecture, the domain-agnostic platform uses advanced analytical and investigative tools that transform routine data into actionable intelligence to detect and counter potential fraudulent activities. It leverages machine learning-based predictive analytics to help easily identify suspicious activities at both the transaction and customer levels. It enhances the transaction monitoring processes with its profile deviations and pre-defined rules to identify suspicious transactions; graphical link analysis module to identify both static and transactional links between entities; and a remittance module to monitor online payment transactions.

Complimenting Azentio on the recognition, Neil Katkov, PhD, Director Risk at Celent, and also one of the authors of the report, said, “Azentio’s AML Transaction Monitoring solution offers price performance, machine learning-enabled detection, a large rules library, network analysis, and regulatory reporting capabilities across many jurisdictions. Azentio’s implementation and support capabilities in particular are rated highly by Azentio’s clients.”

L Guru Raghavendran, Senior Vice President, Banking & Capital Markets at Azentio Software, stated, “Today’s complex transaction monitoring requirements call for robust and exceptionally agile technology platforms that are critical in helping financial institutions analyse large volumes of data to identify fraudulent activity patterns well in advance. Azentio has been investing significantly into its financial crime management solution to ensure features such as business intelligence and machine learning benefit our clients, while also driving customer satisfaction and business growth for them. In this context, it is an honour to recognise the strength of our AML solution in Celent’s comprehensively researched and acclaimed transaction monitoring technology report.”

The report, authored by Neil Katkov and Ian Watson, features profiles of 17 incumbent and new entrant providers of behavior detection solutions, and includes Celent’s analysis of the software products, key features and analytics, selling and servicing details.

SOURCE Azentio Software Pvt Ltd


Azentio secures top position across multiple categories in the IBSi Sales League Table 2023


Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has announced that it has achieved top positions in multiple categories in the exclusive Leadership Club of IBS Intelligence (IBSi) Sales League Table (SLT) 2023, the globally acknowledged annual performance barometer for measuring technology supplier performance.

Azentio has been ranked Number One in the following categories:

The company has also been announced as the second highest ranked in these categories:

  • Regional Leaders – Middle East (for the Azentio ONEBanking platform and the Azentio Islamic Banking suite)
  • Best in Islamic Banking – Universal Core (for the Azentio Islamic Banking suite)
  • Best in Islamic Banking Universal Core – Middle East (for the Azentio Islamic Banking suite)
  • Best in Compliance Management (for Azentio ONEBanking – Risk & Analytics solution).

While IBSi SLT recognizes technology vendors’ sales performance across hundreds of system selection engagements carried out across the globe, the SLT Leadership Club identifies the prominent systems that have made their mark across various categories of systems as well as geographies.

Commenting on Azentio’s achievement, Nikhil Gokhale, Head of Research Platforms, IBSi, said, “Congratulations to Azentio for making it to the SLT Leadership Club 2023 across eight key categories, covering Islamic core and retail lending, compliance management, insurtech, and process automation, among others. Azentio’s impressive range of software products, which allows them to deliver tailored solutions for industry-specific challenges, was highlighted by their win in the Product Breadth category. These wins further confirm Azentio’s position as a leading player in the financial technology sector, showcasing the depth and breadth of their portfolio.”

Krish Narayanaswami, Managing Director – Banking, Financial Services, and Insurance at Azentio, stated, “We are delighted that Azentio has achieved top ranking in the eminent IBSi SLT Leadership Club 2023 across various categories, at both the global and regional levels. Being selected as Global Leader in Product Breadth truly establishes our solution suite as an all-encompassing and proven one on the market that has the product depth and vertical breadth to meet the unique industry needs of our clients. I believe this recognition highlights the trust placed in us by our valued clients and underscores their successes in overcoming unprecedented global challenges to thrive and prosper by leveraging continuous technology innovations.”