Payment Service Providers (PSPs) operate in fast-moving, high-volume environments where AML compliance must balance speed and accuracy. Facctum’s cloud-based AML compliance software enables PSPs to screen transactions, customers, and counterparties in real time while meeting the expectations of global regulators. Built for agility, scalability, and transparency, the platform helps PSPs prevent financial crime risks across global payment networks.

Why PSPs Are Moving to Cloud-Based AML Systems

PSPs process millions of payments daily, making efficient, explainable AML controls essential. Cloud-native AML platforms let compliance teams handle real-time payment flows and global list updates with minimal latency. They also enable flexible scaling for new markets, partners, and schemes. As standards evolve under frameworks such as the FATF Recommendations and the EU AML Regulation, cloud delivery ensures PSPs can adapt instantly to policy and list changes while maintaining full auditability.

Challenges Facing PSP AML Operations

PSPs face constant pressure to detect risk in real time without disrupting payment flows. Legacy or fragmented systems can introduce latency and blind spots that increase operational and regulatory risk.

High Transaction Volumes

Legacy setups often struggle with the processing speed required for instant or same-day payments. Cloud-based AML provides elastic compute capacity so performance remains stable during peak traffic.

Regulatory Complexity

PSPs operate under overlapping frameworks such as the EU AMLR, FCA’s financial crime rules, and FATF standards. Cloud platforms simplify compliance by delivering standardised controls that can be localised per jurisdiction.

Data Fragmentation

Multiple integrations and siloed systems make it hard to achieve a single risk view. Cloud architectures centralise watchlists, customer data, and transaction alerts to maintain consistent oversight.

False Positives

High-speed payment screening can lead to excessive false positives. Cloud solutions integrate explainable AI matching to refine results while preserving sensitivity to real risk.

How Facctum Supports Cloud-Based AML for PSPs

Facctum’s modular, API-first design allows PSPs to deploy AML controls that fit their transaction types and risk profile. The platform integrates watchlist management, customer and payment screening, and alert adjudication into a unified, scalable architecture.

Watchlist Management

Maintain accurate and continuously updated sanctions and PEP lists across jurisdictions. Automated ingestion and real-time propagation keep screening data current. Explore Watchlist Management.

Customer Screening

Perform fast, accurate screening of merchants, partners, and customers using context-aware matching. Explainable logic and version control strengthen audit trails. Learn more about Customer Screening.

Payment Screening

Screen transactions in real time across SEPA, SWIFT, and alternative payment rails. Cloud scalability ensures high throughput with minimal latency. See Payment Screening.

Alert Adjudication

Automate routine dispositions, standardise investigations, and maintain clear reasoning fields for regulators. Consistent workflows and version control enhance transparency. Discover Alert Adjudication.

Why PSPs Choose Cloud AML Platforms

Cloud AML platforms enable PSPs to meet global compliance demands while delivering seamless customer experiences. They ensure oversight and traceability without slowing real-time payment systems.

Speed

Parallel processing and elastic scaling handle surges in payment traffic while keeping screening results instantaneous.

Accuracy

AI-enhanced matching reduces noise and flags true positives faster, improving both compliance accuracy and operational efficiency.

Explainability

Every decision carries reasoning codes, match data, and evidence links that support internal and external audits.

Scalability

PSPs can expand into new markets or add new payment partners without rebuilding infrastructure, thanks to modular, cloud-native deployment.

Key Use Cases for PSPs

Cloud-based AML systems support critical PSP functions, from real-time risk assessment to end-to-end transparency.

Instant Payment Screening

Screen high-speed transactions with low latency to ensure compliance with FATF-aligned standards and prevent prohibited transfers.

Cross-Border Risk Management

Apply unified AML policies across jurisdictions, languages, and currencies, maintaining consistency while supporting localisation.

Dynamic List Updates

Synchronise watchlists globally so all systems use the latest sanctions, PEP, and regulatory data, minimising exposure windows.

Automated Alert Handling

Deploy automation for low-risk alerts, helping compliance teams focus on complex investigations and regulatory reporting.

Governance and Compliance Alignment

PSPs must demonstrate strong control frameworks and auditability. Cloud-based AML helps meet supervisory expectations by aligning with established guidelines such as the FCA’s Financial Crime Guide and the EBA’s Guidelines on ML/TF Risk Factors. Built-in logging and reasoning codes ensure complete traceability.

Core Capabilities for Cloud AML in PSPs

Each feature is designed for transparency, scale, and explainability across payment ecosystems.

Advanced Matching Algorithms

Handle transliteration, fuzzy name matches, and multilingual data with context-sensitive accuracy.

Policy and Workflow Control

Versioned policies and configurable rules allow PSPs to demonstrate governance to auditors and regulators.

Continuous Learning

Feedback from alert outcomes enhances future detection accuracy and operational performance.

Integrated Oversight

Central dashboards track list changes, system updates, and screening metrics in real time.

Trusted by Leading PSPs

Facctum’s cloud-based AML software supports payment processors, remittance services, and e-money institutions around the world. PSPs use the platform to achieve scalable screening, maintain global regulatory compliance, and build trust with partners and regulators. With upcoming EU AML rules harmonising oversight across member states, adopting a cloud-first strategy positions PSPs for long-term compliance resilience.