Armalytix Enhances Financial Verification with DocuClipper
Industry: Fintech & Compliance
Region: United Kingdom
Firm Size: Financial Technology Provider
Customer Profile
Armalytix is an award-winning U.K. fintech platform that provides financial insights and compliance checks for law firms, accountants, and financial professionals. Its services include open banking, ID verification, PEPs & sanctions screening, statement scanning, and ongoing monitoring — helping professionals see a true picture of client finances in moments.
Challenges
Law firms and accountants are increasingly required to trawl through client bank statements and financial documents to establish financial position, verify sources of funds, assess affordability, and detect fraud. These processes were traditionally manual, slow, and vulnerable to human error. Armalytix needed a reliable, scalable way to automate financial verification and ensure compliance without slowing down client onboarding or advisory work.
Solution
Armalytix integrated DocuClipper into its platform to support statement scanning and automated data extraction. With DocuClipper, law firms and accountants using Armalytix can upload client statements and receive ready-analysed data instantly — complete with risk flags, affordability insights, and financial transparency. This complements Armalytix’s open banking feeds and compliance modules, creating a complete picture of client finances in minutes.
Results
- Faster compliance checks for law firms verifying source of funds and bank details.
- Improved accuracy with automated analysis of bank statements alongside open banking data.
- Stronger risk assessments with fraud detection and anomaly identification built in.
- Scalable service delivery across both law firms and accountancy practices.
By using DocuClipper, Armalytix strengthened its compliance platform, enabling professionals to make faster, better-informed decisions while reducing manual workloads and regulatory risk.
“With DocuClipper powering our statement scanning, our clients get all the bank data they need — ready-analysed and risk-assessed — in moments.”
