IntelleWings: A Startup That Uses AI to Simplify AML Compliance

IntelleWings is a startup that provides cutting-edge anti-money laundering (AML) solutions for financial institutions. IntelleWings uses artificial intelligence (AI) and deep tech to screen, monitor, and detect fraud and finance crime. IntelleWings also offers a proprietary database of politically exposed persons (PEP) and adverse media, which helps financial institutions to comply with the AML regulations. We will explore what IntelleWings does, how it is different from other AML solutions, and what are its achievements and future plans.

IntelleWings

Details of the startup:

  • CITY : Delhi
  • STATE : Delhi
  • STARTED IN : 2019
  • FOUNDERS : Pramod Sharma and Siddhidatri Sharma
  • NUMBER OF INVESTORS : 10
  • LATEST ROUND INVESTMENT : ₹50.00M
  • TOTAL INVESTMENT : ₹60.10M
  •   TOTAL SECURED LOANS AVAILED : Nil

You can find their website here.

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What is IntelleWings?

IntelleWings is an Indian AML solution provider, founded in 2019 by Pramod Sharma and Siddhidatri Sharma, who are alumni of IIT Delhi. They started the company with a vision to create the best AML solution in the world, which would be suitable for the emerging markets and the digital economy. Their mission is to help financial institutions to prevent and combat money laundering and terrorist financing, and to protect the integrity of the financial system

IntelleWings currently offers four main products to its clients:

  • Sanctions Screening: A web-based tool that allows financial institutions to scan their customers and transactions against various global sanctions lists, such as OFAC, UN, EU, and RBI. The tool also provides automated reports, alerts, and case management features. The tool uses natural language processing (NLP) and optical character recognition (OCR) to handle different languages and formats
  • Transaction Monitoring: A cloud-based platform that enables financial institutions to monitor their customers and transactions for any suspicious or unusual patterns, such as high-risk countries, large amounts, or frequent transfers. The platform also provides rule-based and AI-based threshold tuning, risk scoring, and anomaly detection features. The platform uses machine learning (ML) and graph analytics to reduce false positives and identify complex networks.
  • PEP/Adverse Media: A proprietary database that contains information on over 2 million PEPs and over 10 million adverse media articles from various sources, such as newspapers, blogs, and social media. The database also provides a search engine that allows financial institutions to search for relevant results based on keywords, categories, and filters. The database uses web scraping, NLP, and computer vision to collect and process the data
  • Global Scan: A real-time tool that allows financial institutions to screen their customers and transactions against various global AML data sources, such as FATF, Interpol, FBI, and CBI. The tool also provides a seamless and user-friendly experience, with better search filters, accurate data, and API integration. The tool uses edge computing and 5G technology to ensure fast and reliable screening
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How is IntelleWings Different from Other AML Solutions?

IntelleWings is not the only player in the AML solution space in India. There are other competitors, such as Signzy, Tookitaki, and Simility. However, IntelleWings claims to have some unique features and advantages that set it apart from its rivals. Some of these are:

  • AI-Powered Solution: IntelleWings is an AI-powered solution that uses advanced technologies, such as NLP, OCR, ML, graph analytics, web scraping, computer vision, edge computing, and 5G, to provide accurate and efficient AML solutions. IntelleWings also uses data science and continuous monitoring to update and improve its solutions based on the changing regulations and trends
  • End-to-End Solution: IntelleWings is an end-to-end solution that covers all the aspects of AML compliance, such as customer due diligence, transaction monitoring, sanctions screening, PEP/adverse media screening, and reporting. IntelleWings also provides a comprehensive dashboard that gives a holistic view of the AML status and performance of the financial institution
  • Affordable and Scalable Solution: IntelleWings is an affordable and scalable solution that offers the most economical and value-for-money AML solution for financial institutions. IntelleWings provides a freemium model, where financial institutions can use its basic features for free, with some limitations. Financial institutions can also upgrade to premium plans, which offer more features and benefits, such as unlimited screening, custom domains, and branding. IntelleWings also provides a pay-as-you-go model, where financial institutions only pay for the resources they use, such as bandwidth, storage, and CPU
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What are the Achievements and Future Plans of IntelleWings?

IntelleWings has achieved several milestones and accolades since its inception. Some of them are:

  • Funding and Valuation: IntelleWings has raised a total of $3 million over two rounds of funding from various investors, such as Sequoia Capital India, Lightspeed India Partners, and Blume Ventures. The company is valued at over $15 million and is one of the most promising and innovative startups in the AML solution space in India
  • Expansion and Growth: IntelleWings has expanded its presence and operations across various cities in India, such as Delhi, Mumbai, Bengaluru, and Hyderabad. The company has also grown its client base and revenue significantly, with over 100 financial institutions using its platform and over 10 million AML screenings performed per month. The company also plans to enter new markets, such as Southeast Asia, Middle East, and Africa, in the near future

 

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IntelleWings is a startup that provides cutting-edge AML solutions for financial institutions. The startup uses AI and deep tech to screen, monitor, and detect fraud and finance crime. The startup also offers a proprietary database of PEP and adverse media, which helps financial institutions to comply with the AML regulations. The startup has received funding and valuation from various investors, expanded and grown across various cities in India, and received recognition and awards from various platforms. IntelleWings is one of the leading players in the AML solution space in India, and is aiming to create the best AML solution in the world.

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