AMLForms vs EyesClear

AMLForms is a cloud AML compliance platform for onboarding, screening, verification, risk assessment, and ongoing monitoring. Its digital KYC forms use templates and conditional questions, letting clients complete forms and upload documents from any device. A no-code builder supports required fields, approvals, reviews, file uploads, and in-form or integrated e-signatures. Screening covers sanctions, politically exposed persons, and adverse media across more than 1,200 stated data sources. Checks include government IDs, biometric likeness and liveness, business verification, beneficial ownership information, and credit checks. Configurable transaction rules and risk context surface unusual activity, trigger alerts, and create cases for auditable investigations. Teams can export client files and histories. AMLForms says it is built for Canadian reporting entities and aligns with FINTRAC guidance. It describes encryption, role-based permissions, configurable retention, and SOC 2 Type II accreditation.

EyesClear offers two AI-supported tools for financial-crime compliance: a Platform deployed on-premise or in a private cloud, and a separate hosted Investigations service. The Platform consolidates compliance alerts into a queue, gathers evidence, drafts case narratives and routes decisions to analysts. Cases do not close automatically; an analyst reviews, edits and signs before action. Connectors cover SWIFT, ISO 20022, MQ, Kafka, databases and files related to CRM, transactions, risk and KYC. EyesClear says Platform data and AI inference remain inside the bank’s environment rather than going to an external cloud or vendor. Investigations screens people and companies against public records and returns findings with source quotes. It can be used in a browser without integration or deployment and can pass findings to an existing case system. For a screening, it sends a subject name and derived search terms to public sources and its language models, not customer files, transactions or alerts. The service is free to financial institutions and regulators, with five credits on a new account and one credit per screening. EyesClear says it does not screen payments in real time; it addresses sanctions and name-matching alerts raised by a customer’s screening platform.