Sandbar and Greenlite Partner to Streamline AML Investigations for Banks and Fintechs

NEW YORK, Nov. 11, 2024 — Greenlite, a generative AI platform serving banks and fintechs, today announced a new partnership with Sandbar, a platform focused on comprehensive activity monitoring for anti-money laundering (AML). This collaboration enables financial institutions to leverage complementary technology from Greenlite and Sandbar, aimed at automating critical compliance tasks and enhancing operational efficiency.

“At Sandbar, we’re committed to providing banks and fintechs with the fastest way to set up bank-grade AML systems,” said Brock Bontrager, CEO of Sandbar. “By collaborating with Greenlite, we’re able to connect compliance teams with advanced investigative automation and audit-ready narratives, supporting our shared mission to defend against money laundering and bad actors.”

Sandbar provides banks with comprehensive AML solutions to screen customers, monitor transactions, and manage cases with precision. By consolidating data, dynamically scoring risks, and minimizing false positives, Sandbar streamlines real-time risk management workflows, helping institutions scale AML compliance efficiently and globally.

“As regulatory demands rise, banks need solutions that simplify and strengthen their compliance workflows,” said Will Lawrence, CEO of Greenlite. “By partnering with Sandbar, we’re able to show more banks and fintechs the best AI-driven automation that helps them cut down on repetitive workflows like enhanced due diligence, alert handling and transaction monitoring.”

About Sandbar

Sandbar provides a comprehensive activity monitoring solution via a single API, delivering clear customer risk insights, alerts, and efficient case management tools. Supporting innovative companies across financial services, Sandbar simplifies AML compliance with automated workflows and scalable risk management.

About Greenlite

Greenlite is the leading generative AI platform for financial services companies. OCC, FDIC and SEC regulated financial institutions use Greenlite’s platform to scale effective compliance programs with unparalleled efficiently. Its trusted infrastructure is used across use cases like enhanced due diligence, sanctions and anti-money laundering.

Source: Greenlite