How TransferMate and Vivox AI are transforming AML compliance. June 8, 2026 Global payments firm TransferMate has partnered with artificial intelligence compliance specialist Vivox AI to dramatically overhaul its anti-money laundering (AML) and sanctions screening operations, slashing deep-dive analysis times from 40 minutes to as little as two minutes in some cases. The collaboration, which was detailed in a recent YouTube clip, took eight weeks from initial implementation to first production results, centres on deploying AI agents to automate the most labour-intensive elements of financial crime risk management. For TransferMate, which holds the largest non-bank licensing footprint in the world, the stakes are considerable. The firm's compliance function is built around the principle of using regulatory rigour as a competitive advantage, keeping financial crime out of its systems without burdening legitimate customers with excessive controls. The core challenge was one of consistency rather than capacity alone. With analysts spending between 30 and 40 minutes per activity on tasks such as bank statement analysis and invoice reconciliation, the bottleneck lay in the manual interpretation of unstructured data and the variability in quality that came with it. The goal was not simply to move faster, but to operate with greater certainty. The decision to partner with Vivox AI was driven by a shared philosophy around human oversight. Rather than seeking to replace analyst judgement, the solution is designed to augment it through explainable intelligence and a full audit trail. Each AI agent operates in a fully traceable mode, producing decision descriptions and outputs structured to satisfy regulators and inspectors. The final call remains with the human analyst, and the system improves iteratively through that human feedback. TransferMate's priority throughout was not speed of deployment but defensibility. The firm sought efficiency gains that could withstand regulatory scrutiny, and the implementation reflected that. Rather than a wholesale rollout, AI agents were introduced progressively across different parts of the compliance workforce using a granular approach. Vivox AI invested significant time working directly alongside TransferMate's analysts and internal champions, a process that proved essential to building the organisational trust needed for successful adoption. The outcomes have exceeded initial expectations. Onboarding times have fallen sharply, false positive rates have decreased, and the detection of complex risk patterns has improved. Compliance staff have fundamentally shifted in how they spend their time, moving away from manual processing towards higher-order activities such as risk decisioning, escalation, and enhanced due diligence. The net result has been described as risk positive, with meaningful efficiency gains achieved without compromising compliance standards. For the broader FinTech and RegTech sector, the partnership offers a clear signal of where AI adoption in regulated financial services is heading. Explainability, audit trails, and regulatory defensibility are no longer optional features but baseline requirements, and the most credible implementations are those where human judgement remains firmly at the centre. Enjoying the stories? Investors. The following investor(s) were tagged in this article.

TransferMate launches FX tools at Money20/20. June 02, 2026 At Money20/20, TransferMate unveiled a unified solution combining FX risk management, payments and treasury tools for global businesses TransferMate has launched a new FX hedging solution aimed at helping businesses better manage currency risk and improve visibility over international cash flow. This comes as organisations continue to navigate persistent exchange-rate volatility and increasingly complex cross-border operations. Unveiled at Money 20/20 Europe, TransferMate states that the offering enhances its existing platform with integrated risk management functionality, allowing users to manage FX forwards, spot FX, global payments, receivables and virtual accounts within a unified system. The solution is designed to streamline financial workflows by consolidating key functions, reducing operational friction and enabling finance teams to exercise greater control over currency exposure and liquidity planning. Expanding financial infrastructure. The launch represents a further step in TransferMate's broader strategy to expand its financial infrastructure capabilities beyond payments into more comprehensive treasury and risk management solutions. Built on the company's proprietary network, the platform enables payments to more than 200 countries and territories, supports more than 140 currencies and offers more than 35 virtual account currencies. TransferMate also operates under a global network of more than 100 licences. At the core of the new solution is the introduction of FX forwards, enabling businesses to hedge against currency fluctuations linked to future payment obligations. The product also incorporates multi-drawdown hedging functionality, allowing organisations to manage exposure across staggered or phased payment schedules. The rollout follows TransferMate's recent partnership with stablecoin infrastructure provider BVNK, which introduced stablecoin-enabled settlement across its network. This initiative was designed to enhance transaction speed and flexibility in cross-border payments. Addressing fragmented systems. The company positions the new offering as a response to ongoing inefficiencies stemming from fragmented financial systems. Many organisations still rely on separate platforms for FX, payments, banking and treasury functions, reducing visibility and increasing operational complexity. "As businesses increasingly look for greater certainty around international transactions, FX exposure and future cash flow, the infrastructure supporting them must evolve as well," says Gary Conroy, President and Chief Commercial Officer at TransferMate. "Too many organisations are still operating across disconnected systems that separate FX, payments, receivables and settlement workflows. "By bringing those capabilities together into a single integrated experience, we are helping customers manage risk more effectively while simplifying how international payments are handled." Broker market first focus. The initial sector targeted by the new capabilities is the broker market, with TransferMate introducing a white-labelled version of the platform tailored to broker-specific workflows. Under this model, brokers are able to deliver a fully branded client experience while retaining ownership of the customer relationship. Brokers can oversee international payments, FX forwards, spot FX, receivables and multi-currency accounts via a unified interface. The integration of FX risk management functionality introduces additional revenue potential through FX margins and transaction flows, while improving brokers' capacity to support clients dealing with procurement cycles and longer-term international payment commitments. The rollout comes amid mounting pressure on businesses to better control their global financial exposure. Heightened currency volatility, more complex trade environments and narrowing margins are increasing demand for solutions that enhance predictability in cross-border activity. Through the combination of payments infrastructure and integrated FX risk management, TransferMate is positioning the platform as a single, consolidated solution for finance teams looking to improve efficiency while strengthening financial oversight. Continued investment across embedded payments, receivables, virtual accounts and stablecoin-enabled settlement further underlines its strategy to develop a broader, end-to-end financial ecosystem for international businesses. Company Portals