Armalytix Enhances Insolvency Toolkit with ID Verification and Bank Statement Scanning

Armalytix, the award-winning fintech specialist in delivering precision client information for compliance, has upgraded its insolvency platform with two major features: a full Identity Verification Service and an instant bank statement scanning and analysis tool. Both integrate seamlessly into the existing web portal used by over 100 UK insolvency practices.

The Identity Service streamlines KYC and AML workflows by offering a suite of options—PEPs and sanctions screening, NFC passport scanning, facial recognition, proof-of-address checks, ongoing monitoring, and more. Insolvency professionals can now onboard clients more quickly, verify stakeholders securely, and maintain compliance through every stage of an investigation.

Armalytix’s new Statement Scanning capability addresses a longstanding challenge: converting paper or PDF bank statements into structured data. Combined with open-banking feeds, practitioners can pull, analyze, and report on financial transactions from any source. Automated analysis highlights red flags, speeds up reviews, and eliminates manual data entry.

Key Benefits

  • Faster client onboarding with global electronic ID checks
  • Reduced risk via real-time sanctions and PEPs screening
  • Improved data accuracy through automated statement parsing
  • One-stop portal for both identity and financial data services

Client Success

“Helping insolvency practitioners operate faster and smarter is a key focus for us. Whether it’s verifying a director’s identity or understanding historical financial activity, our tools need to be secure, intelligent and frictionless. These new services deliver on that, giving professionals back the time they need to focus on the important parts of their jobs.”
Tony Walker, Head of Insolvency, Armalytix

“The Armalytix products are helping us to get started on our investigation work quicker, are enabling the bank statement analysis to be done quickly and cost-effectively, and are also helping us to develop a more consistent approach to our investigation work across our offices. I would say that the use of their products is a no-brainer.”
Diane Shovelton, Compliance Director, Leonard Curtis

These enhancements reinforce Armalytix’s commitment to simplifying financial compliance and investigative processes. Insolvency teams can now manage ID checks, data collection, and automated analysis—all from a single, secure platform.