Sentinels provide fintech companies with a cloud-based intelligent transaction monitoring solution dedicated to data-driven compliance for the financial industry and help them crack down on money laundering and other illegal activity passing. The company was founded in 2020 and is based in Amsterdam, Netherlands. On April 25th, 2022, Sentinels was acquired by Fenergo. The terms of the transaction were not disclosed.
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Sentinels's Products & Differentiators
Real-time transaction monitoring
Sentinels’ real-time transaction monitoring solution provides compliance teams with all the information they need to close out cases at speed.
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Latest Sentinels News
Jan 20, 2023
By Gloria Methri Share European client risk management firm Sentinels has launched its new platform solution for transaction monitoring. The SaaS platform is designed to help financial institutions detect and eliminate financial crime with greater speed and accuracy. In a market characterized by rising transaction volumes, spiralling compliance costs, and ever-tightening regulations, Sentinels helps banks, wallets, payment service providers and other financial institutions get ahead of the AML curve. The company has transitioned to a scalable, high-performance AWS cloud-based delivery model, where customers connect to the SaaS platform via secure, standardized APIs. This enables Sentinels to maintain product innovation and rollout enhancements without disrupting client operations. The scalable computing capacity enabled by AWS also allows Sentinels users to create and run powerful, data-heavy business rules in real-time, with accuracy, allowing them to detect and react to potential suspicious and criminal activity. Christian Roberts, Chief Product Officer, Sentinels said “One of the key challenges facing today’s compliance teams lies in their limited capacity to identify, monitor, and manage key sources of risk. The Sentinels SaaS platform extends this capacity, by enabling them to create and test tailor-made business rules without interrupting the platform’s real-time detection engine. It also opens the door to the introduction of AI and machine learning algorithms which can further reduce risk by, for example, analyzing patterns and suggesting enhancements.” Ibrahim En-nali, Chief Technical Officer, Sentinels added, “Our real-time detection capability helps our customers tackle more areas of financial risk by providing immediate analysis of transaction processing flows. This enables our customers to proactively block suspicious transactions before they create further risks. The scalability of our SaaS architecture enables Sentinels clients to grow their transaction volumes unimpeded by the technologies they use to monitor, manage and mitigate risk.” In just three years Sentinels has grown from serving one customer – Dutch PSP Mollie – to 25+ financial institutions across Europe, including Brand New Day, Paystrax, kevin, Ping Payments, B4B Payments, and Rebellion Pay. Previous Article Digital monthly issue Global coverage
Sentinels Frequently Asked Questions (FAQ)
When was Sentinels founded?
Sentinels was founded in 2020.
Where is Sentinels's headquarters?
Sentinels's headquarters is located at Singel 542, Amsterdam.
What is Sentinels's latest funding round?
Sentinels's latest funding round is Acquired.
How much did Sentinels raise?
Sentinels raised a total of $6.98M.
Who are the investors of Sentinels?
Investors of Sentinels include Fenergo, PPRO, INKEF Capital, Maikel Lobbezoo and Thijn Lamers.
Who are Sentinels's competitors?
Competitors of Sentinels include Hawk:AI and 5 more.
What products does Sentinels offer?
Sentinels's products include Real-time transaction monitoring and 3 more.
Who are Sentinels's customers?
Customers of Sentinels include Mollie, Terrapay, Mano.bank, Brand New Day and Transactive.
Compare Sentinels to Competitors
Hawk:AI develops and operates a cloud-based software solution for the automated detection of suspected cases of financial crime. It allows financial institutions to improve transaction surveillance and ensure regulatory compliance. It offers payment screening, customer screening, customer risk rating, and tax monitoring solutions for retail and corporate banking, neo banks, payment companies, and fintech. The company was founded in 2018 and is based in Bayern, Germany.
Unit21 is a detection and investigations platform for anti-money laundering. The company was founded in 2018 and is based in San Francisco, California.
Quantexa empowers organizations to drive better decisions from their data. Quantexa uncovers hidden customer connections and behaviors to solve challenges in financial crime, customer insight, and data analytics.
Napier offers an online computer software for compliance that strengthens AML defenses and trade capabilities while minimizing risk. Napier was founded in 2015 and is based in London, U.K.
Salv offers a smart AML platform that covers online transactions screening, offline monitoring, sanctions screening, risk-based approach & governance.
Sanction Scanner is an anti-money laundering solutions provider. Sanction Scanner provides cost-efficient AML solutions that can be used by all-size businesses.
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