Pioneering anti-money-laundering firm SmartSearch has been named in the Sunday Times Sage ‘Tech Track 100’ for a second successive year. The list, published on Sunday, recognises Britain’s 100 private tech companies with the fastest-growing sales over a three-year period.
Earlier in the year, the Yorkshire-based firm also reached 15th position in the Sunday Times Profit Track list, which focuses on profits rather than revenues.
SmartSearch is the UK’s leading provider of anti-money-laundering (AML) software. Its unique one-stop digital platform means regulated firms can meet all their ‘Know Your Customer’ and due diligence needs.
Full electronic identity verification and AML checks take just seconds to perform and can be conducted remotely, online or via a fully-integrated app, with no need for the customer to provide physical ID documents. For additional security, a passports or driving licence can be scanned digitally and advanced facial recognition technology used to authenticate customer identity.
SmartSearch has also recently begun piloting its groundbreaking ‘TripleCheck’ technology, which combines electronic verification, biometric facial recognition and digital fraud checks, to create the most robust and secure AML system available on the market.
The firm’s success and continued growth in the UK have recently led to expansion into North America, with the launch of SmartSearch into the US market in July.
John Dobson, CEO at SmartSearch said, “We have achieved significant year-on-year growth ever since we started SmartSearch in 2011. This is testament to the hard work of the whole team, and it is wonderful to see this recognised in these prestigious listings.
“Never before has electronic verification and anti-money-laundering software been more important. Criminals are developing ever more sophisticated techniques, and global watchdogs have warned that fraudulent activity is on the rise in the wake of Covid-19.
“The restrictions put in place due to coronavirus have made it more important than ever that the wide range of financial and professional services firms likely to be targeted by money-launderers, have access to the very best technology to combat this threat.
“We have created a solution that is quick, affordable and almost instantaneous – as well as being significantly more reliable than manual document checks. A fully digital AML solution is the only way for firms to stay compliant while working remotely.”