European Merchant Bank and AMLYZE have entered into a strategic partnership focused on strengthening the bank’s AML and counter-terrorist financing controls.
The partnership has been formed as European Merchant Bank looks to further enhance its compliance framework, reinforce trust with supervisors and stakeholders, and ensure its controls remain robust as regulatory expectations continue to evolve across Europe.
By selecting AMLYZE, the bank is aiming to proactively mature its AML/CFT governance, operational resilience, and risk management capabilities while supporting sustainable growth.
European Merchant Bank provides banking services tailored to SMEs and FinTech clients, operating under the supervision of the European Central Bank. As its client base expands across Lithuania and international markets, the bank has placed increasing emphasis on scalable, effective compliance infrastructure that can support complex transaction flows and higher regulatory scrutiny.
AMLYZE develops end-to-end AML technology designed to support financial institutions with transaction monitoring, customer risk assessment, investigations, and screening. The platform has been built by former regulators and experienced AML practitioners, with a focus on aligning technology design closely with supervisory expectations and real-world compliance workflows.
Under the agreement, European Merchant Bank will deploy the full AMLYZE product suite, including Transaction Monitoring, Customer Risk Assessment, AML Investigations, Customer Screening, and Payment Screening. The implementation is intended to improve risk detection, streamline investigations, and enable more efficient compliance operations as the bank continues to serve SMEs and FinTech firms at scale.
The collaboration also reflects a broader trend within the Lithuanian financial ecosystem, where banks and FinTechs are increasingly investing in locally developed compliance technology. Industry stakeholders have highlighted the partnership as evidence of growing maturity within the market and a stronger focus on effectiveness alongside formal regulatory compliance.
AMLYZE CEO and Co-Founder Gabrielius Erikas Bilkštys said, “European Merchant Bank’s decision to invest further in AML/CFT and partner with AMLYZE reflects a clear and forward-looking commitment to regulatory excellence. As a bank licensed by the European Central Bank, EMBank operates under the highest supervisory standards. Our platform, built by ex-regulators and AML experts, is designed precisely to help institutions meet those expectations with confidence, transparency, and operational efficiency.”
European Merchant Bank CEO Sarp Demiray said, “At EMBank, we view compliance not as a checkbox, but as a core pillar of sustainable banking. Partnering with AMLYZE strengthens our AML/CFT framework and supports our long-term vision of responsible growth. Their regulatory DNA and comprehensive product suite give us the tools we need to further enhance our controls while continuing to serve SMEs in Lithuania and fintechs globally.”
Lithuanian Banking Association president Dr. Eivilė Čipkutė said, “It is encouraging to see Lithuanian banks continuing to invest in stronger AML/CFT capabilities. In today’s environment, effectiveness matters as much as formal compliance – so choosing reliable, proven technology partners is essential. Such decisions help ensure consistent supervisory outcomes and reinforce confidence in the Lithuanian banking system.”
Fintech Hub LT CEO Greta Ranonytė said, “This partnership reflects the level of maturity the Lithuanian fintech ecosystem has reached. We increasingly see fintechs and banks that have grown in Lithuania choosing compliance technologies developed locally. The ability to source advanced, end-to-end AML solutions within the same market demonstrates not only technological depth, but also a high level of trust and sophistication across the ecosystem.”
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