Anti-Money Laundering Software for CleverChain
The Vodworks team developed CleverChain’s end-to-end AML platform from scratch. CleverChain solution enables real-time risk profiling, helping companies to streamline AML compliance.
- Best AML solution 2023 by Business Awards UK
- Vodworks built CleverChain from scratch with unique AML features
About The Client
CleverChain provides an easy system for regulated organisations such as financial institutions, fintechs, and crypto asset companies to perform customer risk assessments effortlessly. With seamless automation, CleverChain quickly finds and identifies high-risk profiles in near real-time. The platform shows how likely a match the profile is, and points out any dangers and associated risks, helping companies to streamline AML compliance.
- Location: United Kingdom
- Industry: Security and Investigations
- Services Provided: Technical Strategy and PoC, UI/UX Design, Backend and Frontend Development, Data Engineering, AI/ML Implementation, Project Management
The Scope
CleverChain, a software startup, didn’t have a tech department or developers, needed the Vodworks team to cover all technical aspects, including:
- Software process and lifecycle management, including planning, estimations, and turning business requirements into software specifications.
- High-level design, architecture, and implementation expertise.
- Core development of features and deployment of services in both QA and Production stages.
- Debugging and fixing runtime issues.
- Automation testing and scheduled operations.
Why Cleverchain Chose Vodworks
CleverChain, being a startup, needed to launch the product fast. With limited budget and time, hiring an in-house team wasn’t an option. Instead, they opted to outsource, seeking expertise in building AI-driven compliance platforms from the ground up. Vodworks was the right partner with deep experience in regulated industries, delivering complex systems quickly, and a strong understanding of AML-specific technology requirements.
The Vodworks team reviewed CleverChain’s business plans, analyzed the technical requirements, and built out a clear plan. We provided structured documentation, clear estimations, and a well-defined project roadmap. By choosing Vodworks, CleverChain got access to an experienced team with end-to-end software development capabilities: from architecture design to data engineering and AI/ML implementation.
This level of engagement gave the CleverChain team the confidence that Vodworks could not only build the product, but build it right.
How Vodworks Helped
The main challenge in developing the app was gathering information from diverse tech sources, combining all this multifaceted data, and then conducting a final risk profile.
The Vodworks team delivered comprehensive end-to-end development services, encompassing the entire project lifecycle. This included project UI/UX design, development, testing, and deployment phases, showcasing a commitment to excellence at every stage of the development process.
Development lifecycle
Conceptualization
Creation of the product's requirements, validated against the initial problem it aimed to solve, and small POCs to validate the technological design.
Design
App's architecture and UI/UX design to ensure a foundation for development.
Development
Following agile methodology, with each sprint contributing to the realisation of the envisioned solution.
Deployment
The features, tested by our QA team and approved by the product owners, are deployed next for customer use: first into the Demo environment, then to Production. This process ensures we deliver high-quality features with minimal bugs, enhancing the user experience.
Team
Backend Engineers
Project Manager
Designer
Frontend Engineers
QA Engineers
Tech stack
Features
AML Compliance
Anti-Money Laundering feature
Screening & Risk Profiling
Screen entities (Individual & Business) to do risk profiling with a complete report
Profile Monitoring
Monitoring captured profiles and generating alerts based on risk status change
UBO Calculations for Shareholders
UBO (Ultimate Beneficial Owner) calculation and screening of each entity based on their shares within the company
Reporting on High-Risk Profiles
The Results
Vodworks delivered an AML platform that helped CleverChain onboard its first enterprise customers without an internal tech team. Key outcomes included:
- Rapid PoC validation followed by full-feature build in just weeks
- Automated workflows for flagging, reviewing, and escalating suspicious activity
- CleverChain won multiple awards as the Best AML solution
By owning the full technical process from ideation to launch, Vodworks helped CleverChain bring this product to market faster, with less risk and greater long-term scalability.
Frequently Asked Questions
Is on-demand developer availability among your offerings in software development?
We provide you with on-demand engineers whether you need additional resources for ongoing projects or specific expertise, without the overhead or complication of traditional hiring processes within our staff augmentation service.
Are we able to vet the developers before we take them on-board?
When augmenting your team with our developers, you have the ability to meticulously vet candidates before onboarding. \n\n We ask clients to provide us with a required developer’s profile with needed skills and tech knowledge to guarantee our staff possess the expertise needed to contribute effectively to your software development projects. You have the flexibility to conduct interviews, and assess both developers’ soft skills and hard skills, ensuring a seamless alignment with your project requirements.
How do you manage and accommodate change requests in software development?
We seamlessly handle and accommodate change requests in our software development process through our adoption of the Agile methodology. We use flexible approaches that best align with each unique project and the client's working style. With a commitment to adaptability, our dedicated team is structured to be highly flexible, ensuring that change requests are efficiently managed, integrated, and implemented without compromising the quality of deliverables.
Who owns the IP of my application code/will I own the source code?
As our client, you retain full ownership of the source code, ensuring that you have the autonomy and control over your intellectual property throughout and beyond the development process.
How do you handle different time zones?
With a team of 150+ expert developers situated across 5 Global Development Centers and 10+ countries, we seamlessly navigate diverse timezones. This gives us the flexibility to support clients efficiently, aligning with their unique schedules and preferred work styles. No matter the timezone, we ensure that our services meet the specific needs and expectations of the project, fostering a collaborative and responsive partnership.
Get in Touch with us
Thank You!
Thank you for contacting us, we will get back to you as soon as possible.
Our Next Steps
- Our team reaches out to you within one business day
- We begin with an initial conversation to understand your needs
- Our analysts and developers evaluate the scope and propose a path forward
- We initiate the project, working towards successful software delivery