Greenlite, a leading generative AI platform for banks and fintechs, has announced a strategic partnership with Sandbar, an advanced activity monitoring platform focused on anti-money laundering (AML). This collaboration will provide banks and fintechs with a suite of complementary technologies from Greenlite and Sandbar, designed to automate critical compliance tasks and enhance operational efficiency.
“At Sandbar, our goal is to deliver the fastest, most effective way for banks and fintechs to implement bank-grade AML systems,” said Brock Bontrager, CEO of Sandbar. “By joining forces with Greenlite, we can offer compliance teams cutting-edge investigative automation and audit-ready narratives, reinforcing our shared mission to combat money laundering and malicious activities.”
Sandbar offers robust AML solutions that enable banks to conduct customer screening, transaction monitoring, and case management with precision. By consolidating data, dynamically scoring risks, and reducing false positives, Sandbar enhances real-time risk management, enabling institutions to scale their AML compliance effectively across global markets.
“As regulatory requirements grow more stringent, banks need solutions that streamline and strengthen compliance processes,” said Will Lawrence, CEO of Greenlite. “Partnering with Sandbar allows us to demonstrate how AI-powered automation can help banks and fintechs reduce repetitive tasks, such as enhanced due diligence, alert handling, and transaction monitoring, making compliance more efficient.
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
