Armalytix and Midnite Expand Partnership to Simplify Customer EDD Checks

Armalytix, a leading fintech company that helps partners assess their clients’ financial position and financial risk, has revealed the expansion of its open banking partnership with Midnite.

Armalytix and Midnite Reveal Deal

Midnite, the rapidly growing e-sports and casino operator, has integrated Armalytix’s new instant bank statement scanning solution into their compliance checks, allowing it to collect client data from any source.

With the announcement of the collaboration, Midnite will be able to leverage Armalytix’s new instant, machine learning-powered statement scanning solution to perform comprehensive customer checks swiftly and effortlessly. This will significantly reduce the time employees spend manually reviewing bank statements. Since the trial of the new tool began, Midnite staff have reported saving four hours daily on these manual searches.

For enhanced due diligence (EDD) checks, Midnite players now have the option to provide their bank information either through an open banking process or by submitting bank statements. With Armalytix, Midnite’s customers can choose the method that best suits their preferences—either via open banking or by uploading bank statements.

Officials Comment About on Deal

Jeremy Lever, Head of Gaming and Accounting at Armalytix, explained that Midnite has been an excellent partner for two years. He added that the continued success of their partnership and technological development has led Midnite to recognize the value of integrating their new solution to streamline customer checks. He expressed excitement about the prospects for both Midnite and Armalytix’s expanding role in the gaming sector.

Meanwhile, Aras Kaplan, DMLRO & Anti-Financial Crime Manager, Midnite, stated that the company is proud to partner with Armalytix to harness their new Bank Statement Scanning Tool. He explained that this innovative solution enables the team to run transaction taxonomies on customer bank statements. In turn, this saves analysts valuable time and allows them to focus on high-risk areas that require closer examination.

Kaplan also explained that by streamlining the workload and simplifying complex statements into clear, actionable insights, the team can focus on what truly matters. This includes protecting the community and upholding the highest standards of integrity. The team is excited to roll out the new solution and continue providing a safe, responsible, and efficient experience for everyone at Midnite.